There is little doubt that the U.S. Securities and Exchange Commission is making cybersecurity a top priority. SEC Chair Gary Gensler told a Senate committee on Tuesday, September 14, 2021 that the agency is developing a...more
9/16/2021
/ Broker-Dealer ,
Cyber Attacks ,
Cyber Incident Reporting ,
Cyber Threats ,
Cybersecurity ,
Data Breach ,
Data Breach Plans ,
Data Protection ,
Data Security ,
Enforcement Actions ,
Information Security ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Investment Firms ,
Personally Identifiable Information ,
Phishing Scams ,
Policies and Procedures ,
Regulation S-P ,
Safeguards Rule ,
Sanctions ,
Securities and Exchange Commission (SEC)
Since its passage almost three years ago, the California Consumer Privacy Act (“CCPA”) has offered California-based consumers certain rights over the personal information companies collect and process about them.
While...more
6/15/2021
/ California Consumer Privacy Act (CCPA) ,
Consumer Data Requests ,
Data Collection ,
Data Privacy ,
Data Protection ,
Data Security ,
Intellectual Property Protection ,
Multinationals ,
Personal Data ,
Proprietary Information ,
Trade Secrets
On May 12, President Biden signed an Executive Order on Improving the Nation’s Cybersecurity. The order comes on the heels of a number of recent widely reported cybersecurity crises, including the Solar Winds and Microsoft...more
5/27/2021
/ Best Practices ,
Biden Administration ,
Cyber Threats ,
Cybersecurity ,
Data Security ,
Executive Orders ,
Federal Contractors ,
Incident Response Plans ,
Internet of Things ,
NIST ,
Popular ,
Private Sector ,
Software Developers ,
Supply Chain
New York City tenants harboring “big brother” concerns over landlords abusing data collected through smart access (i.e., keyless entry) systems will soon be able to rest easier. Following California, Virginia, and the British...more
5/14/2021
/ Consent ,
Data Collection ,
Data Deletion ,
Data Privacy ,
Data Protection ,
Data Retention ,
Data Security ,
Data Use Policies ,
Data-Sharing ,
Landlords ,
Mayor de Blasio ,
Pending Legislation ,
Privacy Laws ,
Privacy Policy ,
Private Right of Action ,
Property Managers ,
Property Owners ,
Tenants
On 21 April 2021, the European Commission unveiled a proposal for an EU Artificial Intelligence Regulation (“Proposal”). The Proposal recognizes that AI offers significant benefits and opportunities for the EU market, but...more
4/27/2021
/ Artificial Intelligence ,
Cyber Incident Reporting ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
Distributors ,
EU ,
European Commission ,
Fines ,
Importers ,
Member State ,
Proposed Regulation ,
Recordkeeping Requirements ,
Registration Requirement ,
Regulatory Oversight ,
Transparency
In early March, the New York State Department of Financial Services (“NYDFS”) announced a consent order that required Maine-based mortgage servicer Residential Mortgage Services, Inc. (“Residential”) to pay a $1.5 million...more
3/23/2021
/ Banking Sector ,
Business E-Mail Compromise (BEC) ,
Consent Order ,
Covered Entities ,
Cyber Incident Reporting ,
Cybersecurity ,
Data Breach ,
Data Security ,
Failure to Report ,
Financial Institutions ,
Financial Services Industry ,
Mortgage Servicers ,
Non-Public Information ,
NYDFS ,
Personally Identifiable Information ,
Sensitive Personal Information
On March 2, 2021, Virginia enacted the Consumer Data Protection Act (“VCDPA”). The VCDPA will become effective January 1, 2023. The VCDPA shares its roots with the California Consumer Protection Act (“CCPA”) and the recently...more
3/9/2021
/ California Consumer Privacy Act (CCPA) ,
California Privacy Rights Act (CPRA) ,
Consumer Privacy Rights ,
Data Collection ,
Data Controller ,
Data Privacy ,
Data Processors ,
Data Protection ,
Data Protection Acts ,
Data Security ,
Data Sellers ,
Data-Sharing ,
Enforcement Actions ,
Personal Data ,
Personally Identifiable Information ,
Privacy Laws ,
Sensitive Personal Information