The impact of FOMC rate reductions on money-market fund yields is delayed compared with the federal funds rate; as a result, some companies are moving assets away from lower-yielding bank products into MMFs.
"Each piece of personal information that is subject to the breach can lead to damages of between $150 and $750 per breach," Sean Nalty, a partner at Ogletree, Deakins, Nash, Smoak & Stewart in San Francisco, said. "It is important that companies make sure their culture and standards are focused on data privacy protections."