AT&T announced last week they had a breach impacting all its over 110M wireless customers and others.

They filed a notice with the SEC under the new cyber rule. They said the event was not material to the company or its financial condition.

How is that the case if the disclosure was delayed twice by the DOJ for national security reasons? If this is not “material,” what is? What do you all think?

like
Posting as :
works at
You are currently posting as works at

Probably DOJ investigating to exclude that nat sec material was implicated. Not uncommon for LE to press pause on a notice effort for these reasons.

like

Likely it is material in the sense that a reasonable shareholder would consider it relevant in making an investment decision. It can be material as having a significant impact on reputation and legal obligations, but not be material in the senses listed in the filing.

like

It's not material because the data is inconsequential. The DOJ just wanted to confirm that.

like

That's federal law...

Materiality is a relatively high bar in the context of a reasonable actual or prospective shareholder considering it relevant in making an investment decision. Not to say it isn’t a little surprising. There aren’t always bright lines with these thresholds.

like

The breach being referenced.

https://apple.news/AgEofMNOaRB-H7ttaodE8jA

Related Posts

What does your firm offer in terms of career development and support and how would you rate the quality of those initiatives? I feel like I've plateaued and haven't grown professionally for some time.

like

I currently have 6 years experience in a Bank covering Corporate Banking, Corporate Relations and Chief of Staff roles. What KEY IB skills do I need for a move there as a VP I? Valuation skills and Excel mastery?! It would be a Coverage role. Thanks!

like

Lame CPA jokes?

like

How far do you require depts be with negotiating commercial contract terms before your legal review? I’m talking routine low value and risk contracts (e.g., vendor services), where Legal terms won’t kill the deal. My clients blindly forward contracts. I say “are you sure this term is ok?” And often get “no.” They’re surprised because they never read them. Checking the temp to see what others experience, what might be normal. I feel contract training in my clients’ future...

like

Hi team,

I have 6 years of experience as a Human Resource Manager back in my home country "india" and i am looking for a job in this field itself. I had done a course of Post Graduate Diploma in Business Administration in my home country. Kindly let me know if you have the options where i can apply. Also, what would be the starting salary ?

like

Hearing of layoffs with some Chicago agencies. MSL...Porter...Ketchum...others? Sign of bad economy coming? Hate to sound skittish, but I lived through 2008

like

Has anyone’s agency developed a practice focused on social justice in the past couple months? Saw Praytell’s and was curious about if other agencies had too.

like

Director interview after super day?

Had a super day last week and I thought it went well, partner sent back a nice message to my thank you note. Trying not to read too into it, but is it normal to have an interview with another director after having already interviewed with a director (and a MD)?

I did mention I have interest in a specific area with a director last week and it looks like this next director I’m interviewing primarily works in that area.

like

Looking at full-time and application asks for expected salary and then expected total compensation as a number. How should I figure out the second? Health insurance, bonuses, life insurance, equity, PTO? I studied art, not math.

like

A quick check. How many of you got the project after joining in coforge? If you got the project is it same client which was promised while interview process? Please respond.

How is everyone feeling amidst these layoffs? Hope everyone is taking care of themselves!

like

What was the march today about? Was it some Independence Day?

^very much so

like

McKinsey & Company Turning to consulting after 5+ years of direct management roles(healthcare- provider, payer and innovation space). Any advice?
Deloitte ZS Associates McKinsey & Company Accenture Manatt Cerner healthcare

likesmart

Hi, I have Cleared technical round for automation testing. I got a oral confirmation from HR that I was selected. But not receiving any confirmation mail of selection or documents submission.
Anyone please help me on this.

Thanks in advance

Any recommendations on lower mid market IT risk advisors who are good at looking at IT controls for data warehousing? Should we be talking to LMM accounting firms or specialist boutiques?

We're a lower mid market tech company looking for some consulting help to look at our current data warehousing setup and getting recommendations on control remediations

TIA!

like

What should a Linux administrator get with 2 years of experience.
Current salary- 4 LPA in another company and going to Switch to Accenture.

like

How long does it take post the technical interview rounds to hear back from the recruiter?

Any thoughts on breguet? It doesn’t seem to get much love on here.

like

Additional Posts in Privacy Law

Govt attorney here. Trying to jump into privacy now. In house or big law ? Pros and cons in the world of privacy ?

like

Planning to take the CIPP and CIPM. Will be doing self-study. What is the “book” everyone refers to for studying? Is it just the “study guide” the IAPP sells? Does anyone know if the study guides and sample questions you can buy on amazon are sufficient to use for passing? Appreciate any and all advice.

like

Is it normal for a California employer to include a very detailed notice in the employee handbook about employee monitoring practices and the company’s right to search your stuff? Or do I need to look for a new job immediately….. 🚩

like

Should U have a separate employee/contractor privacy policy for each country and region you are in ? Or just have one and an addendum for each specific country or region. I’m at a late stage startup.

like

Can we talk about privacy vendors? We are looking for a platform to handle data inventory and/or data discovery, as well as automating the privacy impact assessment process. We already have vendors for DSARs and cookies. Do most people consolidate all these functions to one platform or use multiple? Anyone willing to share vendors they have had good or bad experiences with?

like

Anyone here work at Meta? Looking for a referral for a privacy role

like

Anyone know Salary for B4 consultant in London?

How can attorneys obtain business in the cyber breach response practice? I am an associate working at a well respected firm in the incident response realm and nearly all of our work comes through insurance carriers. I have no clue how I would go about finding my own clients. Any advise from others in this practice?

like

Best law firms in NYC for privacy law, especially if you’re a judicial law clerk with no experience but studying for the CIPP/US?

like

Hello, MSL grad student here, looking for externships 🙏

Firms hiring in Texas, Iowa or remote? Junior associate with CIPP (US +E), CIPM, and a post-grad fellowship in cybersecurity.

like

Hi all! Is anyone hiring for an entry to mid-level in-house Privacy counsel role? If so, please comment below which companies are hiring or feel free to DM me!

like

Hi all! I’m inclined on taking up the CIPM training and certification exam. I’m already a certified Data Protection Officer in the Philippines. I intend on skipping CIPP as it applies to the US and EU.

How difficult was the exam? Can you share your experience studying for the CIPM exam? Is it advisable to skip CIPP?

Many thanks in advance.

like

So as a 30ish yo with a government/PE/tech background and CIPM/CIPP… I’m finding privacy work is just much easier and interesting than other kinds, but still pays plenty well.

Is it too late/inadvisable to go to law school to specifically aim for privacy work?

I just find some firms are unwilling to entertain the idea that anyone but a lawyer has anything relevant to contribute in this space…

like
like

After obtaining CIPP certification, I am starting a data privacy practice group at my law firm. I’m looking for tips on how to get started: what are your recommendations for preparing internal documents/templates, staff training, client development and best practices for advising clients, etc.?

likeuplifting

For anyone who has the CIPP/US certification, how long did you study for the exam?

like

Has anyone created a good law school style outline for the CIPP/US book that they are willing to share? I’ve outlined about 1/3 of the book and it is just taking way too long...thanks!

like

Advice needed!! Have 8+ years of compliance/legal/in house experience (not privacy law except HIPAA). I really want a Privacy Counsel role so I took and passed the CIPP/US and CIPM exams this past year. I’ve been offered an Associate Director job at PwC. Is this a good stepping stone to a Privacy Counsel role? How long should I expect to work at PwC before I could apply to Privacy Counsel roles??

like

IAPP is such trash. Why does everyone recommend getting the CIPP certs when they mean nothing??

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal