PAYCHECK PROTECTION PROGRAM (PPP) LOAN FORGIVENESS INFORMATION AVAILABLE If you took a PPP loan to cover your payroll and operating expenses, beginning August 10, 2020, you may apply for loan forgiveness. However, check with your bank to make sure they are ready to start considering loan forgiveness. To assist you,… read more →
TIME FOR CYBERSECURITY: 12 STEPS TO IMPROVE YOUR INFORMATION SECURITY PRACTICES Step 1. Industry-wide Standard Security Measures. The Federal Trade Commission (the “FTC”) is the major cybersecurity federal enforcer in the United States. A number of enforcement actions based on inadequate information security measures brought by the FTC in the… read more →
On July 23, the Small Business Administration issued a procedural notice to lenders participating in the Paycheck Protection Program concerning PPP loan forgiveness. https://www.sba.gov/sites/default/files/2020-07/5000-20038.pdf?utm_medium=email&utm_source=govdelivery. In summary the notice states that: SBA will begin accepting forgiveness applications from lenders on August 10. The forgiveness applications (SBA Form 3508 and Form 3508EZ)… read more →
Businesses have started to implement temperature checks to test their employees for a fever, which is one of the symptoms of COVID-19. Whether it is done using thermal imaging technology or a handheld temperature check device, reading temperature involves thermal data collection which is biometric information and falls under the… read more →
If your organization collects, retains, generates, uses, transforms, shares, or disposes of personally identifiable information (PII) at any point of your business operations, you should consider developing a comprehensive information security policy as part of your business plan and risk management strategy. Simply defined, PII is any information that can… read more →
On July 16, 2020, the European Court of Justice (the “ECJ”) in Data Protection no government overreach v. Facebook Ireland and Maximillian Schrems (C-311/18) (the “Schrems II”) invalidated the EU-US Privacy Shield framework commonly used for transatlantic information transfers. The ECJ held that Standard Contractual Clauses are valid but may… read more →
Four B&D Attorneys Named Women Leaders and Top Lawyers in Illinois B&D is honored to have four of our attorneys named Women Leaders and Top Lawyers in Illinois in the July 2020 issue of Chicago Lawyer Magazine. Audra Pavilcius Karalius, a Member at the Firm, and Carole Randolph Jurkash, Of… read more →
Treasury Department and SBA Issue New Guidance Following Passage of the Paycheck Protection Program Flexibility Act The Paycheck Protection Program Flexibility Act (“PPPFA”) was signed into law June 5, 2020 and now the SBA and the Treasury Department have issued additional guidance: A revised PPP loan application form was created… read more →
On June 9, 2020 Adomas Siudika successfully earned the ANSI-accredited Certified Information Privacy Professional/United States (CIPP/US) credential through the International Association of Privacy Professionals (IAPP). Adomas recently became an Associate licensed to practice law in New York and serves as Chief Information Security Officer at Boodell & Domanskis LLC… read more →
