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What colorful method does Claire Miley use to keep up with the latest healthcare regulations as they relate to proposed transactions? Find out more>

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On December 1, 2016, Parker Hannifin Corporation and CLARCOR Inc. announced that the companies have entered into a definitive agreement under which Parker will acquire CLARCOR for approximately $4.3 billion in cash, including the assumption of net debt. The transaction has been unanimously approved by the board of directors of each company. Upon closing of the transaction, expected to be completed by or during the first quarter of Parker’s fiscal year 2018, CLARCOR will be combined with Parker’s Filtration Group to form a leading and diverse global filtration business. Bass, Berry & Sims has served CLARCOR as primary corporate and securities counsel for 10 years and served as lead counsel on this transaction. Read more here.

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Securities Law Exchange BlogSecurities Law Exchange blog offers insight on the latest legal and regulatory developments affecting publicly traded companies. It focuses on a wide variety of topics including regulation and reporting updates, public company advisory topics, IPO readiness and exchange updates including IPO announcements, M&A trends and deal news.

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Privacy Perils: Dynamic Password Banning – The End of "Letmein123!"

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June 3, 2016

Despite recommendations by IT professionals and requirements for "strong" passwords, people continue to compromise accounts and systems by using passwords that are easily guessed. And, as it turns out, evidence suggests that requirements for length, complexity and period expiration cause people to react in predicable ways that may actually make passwords easier to crack

To aid in that battle against bad passwords, Microsoft recently announced that it will start dynamically banning common passwords. To determine which passwords are the most common, Microsoft's Identity Protection team analyzes data from major breaches and the 10 million accounts attacked daily to generate the dynamically updated banned password list. Using that same data, Microsoft is also implementing a smart password lockout that locks your account when someone tries to use those common passwords – think "abcd1234!," "letmein" or "welcome" – to enter your account.

So the next time you try to reset your Xbox password and get the error message "Choose a password that's harder for people to guess," it means the days of using the go-to passwords on this list are over. You'll need something stronger than "passw0rd" going forward.

Privacy Perils imageCheck out our series, Privacy Perils, to learn what steps you can take to guard your personal and company data. For more information about this topic and other cyber security concerns, please contact Bob Brewer, Tony McFarland, Elizabeth Warren or a member of our Privacy & Data Security team.

 


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