With Halloween lurking around the corner and as National Cybersecurity Awareness Month comes to a close, the McGuireWoods Data Privacy & Cybersecurity Practice Group reminds you to not wait to be spooked by a cybersecurity incident or haunted by the task of maintaining your cybersecurity program.

Today’s threat landscape is rapidly changing and accelerated evermore by the capabilities of AI and automation on both sides of the cyber battlefield. Organizations that stay ahead are using established cybersecurity frameworks to provide a strong architecture on which to continuously evolve their cybersecurity program and testing their response to the latest threats through tabletop exercises. By leveraging modern technologies, such as AI-enabled detection, zero trust architectures, automated configuration management, and secure-by-design engineering, leading organizations are making cybersecurity not just stronger, but measurably faster, leaner, and more resilient.

Kingswood Capital Management has announced will acquire Drive DeVilbiss Healthcare from CD&R. 

Drive, founded in 2000 and based in Port Washington, New York, is a global manufacturer and supplier of medical products used primarily in the home setting.

Kingswood, founded in 2013 and based in Los Angeles, is a middle market private equity…

Salt Creek Capital recently announced the acquisition of Real Diagnostics (RealDx).

RealDx, founded in 2014 and based in Reisterstown, Maryland, is a specialist diagnostic laboratory that delivers disease-specific testing solutions primarily to small and mid-sized specialty physician offices and clinics.

Salt Creek, founded in 2009 and based in Woodside, California, is a private…

California’s Invasion of Privacy Act (CIPA) is a 1967 criminal wiretapping statute being stretched to govern 2025-era internet technologies.  The result has been a patchwork of conflicting decisions that turn on hair-splitting distinctions about what it means to “read” a communication “in transit,” whether URLs and clickstream data constitute “contents,” and how third-party service providers fit within a statute that never contemplated real-time web analytics, session replay tools, or ad technology.

The Senate has introduced the Streamlining Transaction Reporting and Ensuring Anti-Money Laundering Improvements for a New Era Act, or the STREAMLINE Act, an initiative led by Senate Banking Committee Chairman Tim Scott and Senator John Kennedy, with support from several Republican co-sponsors.

For the first time in over five decades, the bill would modernize key components of the Bank Secrecy Act (“BSA”). Some key proposed changes include: (1) increasing the reporting thresholds, (2) instituting periodic inflation adjustments, and (3) requiring Treasury to update and rationalize reporting processes and related form.  Industry groups, including the American Bankers Association and leading credit unions and community banking associations, have expressed support.

This article summarizes the bill’s core provisions that may impact banks, credit unions, money services businesses, and businesses that engage in large cash transactions.

Shore Capital Partners has announced the closing of two new funds.

The sixth Shore Capital Healthcare Partners Fund closed with more than $625 million in capital commitments. The second Shore Search Partners Fund closed with close to $225 million in capital commitments.

Shore Capital, founded in 2009 and based in Chicago, pursues investments in…

Platinum Equity has announced it will acquire the Products & Healthcare Services (P&HS) segment of Owens & Minor.

P&HS, based in Richmond, Virginia, is a medical supply distribution platform primarily serving the U.S. acute care market.

Platinum Equity, founded in 1995 and based in Los Angeles, is a global investment firm. The firm specializes…

The Financial Crimes Enforcement Network (“FinCEN”) has recently taken two steps in furtherance of the Trump Administration’s deregulatory agenda.  In late September, FinCEN posted a notice to the Federal Register soliciting comments on a proposed “Survey of the Costs of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Compliance” to be completed by non-bank financial institutions (“NBFIs”).  On October 9, FinCEN published a series of frequently asked questions (“FAQs”) aimed at clarifying the requirements around filing suspicious activity reports (“SARs”).  Both actions point to an effort to ease compliance costs and align compliance efforts with law enforcement priorities.