So, you managed to get your California Consumer Privacy Act disclosures and privacy policy up on your website and you can finally take some much-needed rest, right? Think again. And no, it’s not because of the “CCPA-like”...more
Have you recently received an update from Google or another adtech provider on their CCPA position? Some industry players are rolling out their approaches, and any business that uses website widgets needs to take note...more
11/26/2019
/ Advertising ,
Behavioral Advertising ,
California Consumer Privacy Act (CCPA) ,
Consumer Privacy Rights ,
Cybersecurity ,
Data Use Policies ,
Google ,
Interactive Advertising Bureau ,
Opt-Outs ,
Personal Data ,
Personally Identifiable Information ,
Popular ,
Website Owner Liability
The dust has finally settled in the California State Legislature and the big winner for amendments to the CCPA is AB-25, which started out as carving out employees from the definition of consumer for the purpose of CCPA. The...more
9/18/2019
/ Amended Legislation ,
California Consumer Privacy Act (CCPA) ,
Consumer Privacy Rights ,
Cybersecurity ,
Data Breach ,
Data Collection ,
Data Privacy ,
Data Security ,
Disclosure Requirements ,
Opt-Outs ,
Personally Identifiable Information ,
Popular ,
Privacy Laws ,
Private Right of Action ,
Statutory Requirements
Technology and the critical infrastructure that support our personal pursuits and business operations are ripe targets for cyberattacks. In particular, the electrical grid that transmits electricity from its point of...more
1/16/2019
/ Big Data ,
Critical Infrastructure Sectors ,
Cyber Attacks ,
Cyber Crimes ,
Cyber Threats ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
Electricity ,
Energy Sector ,
Hackers ,
Information Sharing ,
Popular ,
Power Grid ,
Power Plants ,
Renewable Energy ,
Risk Mitigation ,
Technology Sector ,
Utilities Sector ,
Vendors
On January 1st, South Carolina became the first state to adopt the model insurance data security law requiring certain insurance licensees to investigate and report cybersecurity events in the state of South Carolina. The law...more
1/7/2019
/ Covered Entities ,
Cyber Incident Reporting ,
Cybersecurity ,
Data Security ,
Employer Liability Issues ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Independent Contractors ,
New Legislation ,
Notification Requirements ,
Personally Identifiable Information ,
Popular ,
Reporting Requirements ,
Third-Party Service Provider
On the heels of FinCen and Federal Banking Agencies releasing a joint statement “Encouraging Innovative Industry Approaches to AML Compliance,” Under Secretary for Terrorism and Financial Intelligence Sigal Mandelker...more
12/4/2018
/ Anti-Money Laundering ,
Artificial Intelligence ,
Bank Secrecy Act ,
Banking Sector ,
BSA/AML ,
Cryptocurrency ,
Cybersecurity ,
Digital Currency ,
Financial Institutions ,
FinCEN ,
Popular
Cyber incidents can take many forms—phishing, insider theft, SQL injection, malware, denial of service, session hijacking, credential farming, or just old fashion “hacking.” Although many of these attack vectors employ...more
10/3/2018
/ Computer Fraud Insurance ,
Cyber Attacks ,
Cyber Insurance ,
Cybersecurity ,
Data Protection ,
Hackers ,
Insurance Industry ,
Phishing Scams ,
Policy Exclusions ,
Popular ,
Spoofing
As discussed in Part 1, the California Consumer Privacy Act of 2018 (CalCoPA) is a game-changing privacy act that sets a new bar for consumer privacy rights in the U.S. The primary reason it differs from existing legislation...more
9/6/2018
/ Biometric Information ,
California Consumer Privacy Act (CCPA) ,
Consumer Privacy Rights ,
Cybersecurity ,
Data Collection ,
Data Privacy ,
Data Protection ,
Disclosure Requirements ,
Personally Identifiable Information ,
Preemption ,
Privacy Laws
Security researchers and cybersecurity experts recently discovered a weakness in Fiserv’s web platform, which may have exposed the personal and financial details of customers across hundreds of internet banking sites. The...more
Every day, new instances of data breaches, ransomware attacks, and cybercrimes affect companies around the world. Many of these companies are in the construction industry. For some, the thought of protecting one’s...more
8/16/2018
/ Construction Industry ,
Construction Workers ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Data Security ,
Employee Training ,
Popular ,
Ransomware ,
Risk Mitigation
As most people started to wind down for the July 4th holiday week, California was just ramping up its “as California goes” focus on data privacy. On June 28, 2018, California passed a comprehensive data privacy bill that has...more
7/5/2018
/ Cybersecurity ,
Data Collection ,
Data Rights ,
Disclosure Requirements ,
GLBA Privacy ,
Governor Brown ,
Health Insurance Portability and Accountability Act (HIPAA) ,
New Legislation ,
Notice Requirements ,
Opt-Outs ,
Personally Identifiable Information ,
Policies and Procedures ,
Portability ,
State and Local Government ,
State Data Breach Notification Statutes
On March 1, 2018, the Alabama Senate unanimously passed the Alabama Data Breach Notification Act of 2018 (SB 318). On March 22, 2018, the House of Representatives, following an amendment by the Technology and Research...more
Privacy is serious business. This was made clear in the Federal Trade Commission’s (FTC) recent announcement that it had settled its complaint against Venmo, PayPal’s peer-to-peer payment service, for misrepresentations to...more
3/7/2018
/ Corporate Counsel ,
Cybersecurity ,
Data Privacy ,
Disclosure Requirements ,
Enforcement Actions ,
Failure to Comply ,
Federal Trade Commission (FTC) ,
GLBA Privacy ,
Opt-Outs ,
Payment Processors ,
PayPal ,
Privacy Notice Rule ,
Privacy Policy ,
Unfair or Deceptive Trade Practices
On October 18, 2017, the Consumer Financial Protection Bureau (CFPB) outlined nine non-binding Consumer Protection Principles (the Principles) for the access and sharing of consumer information between third-party companies....more
11/29/2017
/ Banking Sector ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Watchdog ,
Cybersecurity ,
Data Controller ,
Data Security ,
Dodd-Frank ,
EU ,
Financial Institutions ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Online Payments ,
Personally Identifiable Information ,
Popular ,
Transparency ,
UDAAP
Financial technology, or fintech, is poised to be the center of U.S. regulation in 2017. Industry experts estimate that between July 2015 and January 2016, more than $5.5 billion was invested in the fintech sector. As fintech...more
7/6/2017
/ Banking Sector ,
Big Data ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
Financial Services Industry ,
FinTech ,
Hackers ,
Innovative Technology ,
Popular ,
Regulatory Oversight
This blog is the first in a series of articles which will examine the risks, rewards, innovative uses, and changing legal landscape of social media use by financial services institutions. Future blog articles will examine...more
Last month, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an Advisory which provided substantial guidance to financial institutions regarding the scope of information that must be...more
Last week, federal and state lawmakers took significant steps toward specific regulations targeting digital financial technology, mobile banking and cybersecurity, signaling the possibility of wholesale changes to the legal...more
9/21/2016
/ Banking Sector ,
Blockchain ,
Cybersecurity ,
Data Protection ,
Digital Currency ,
Financial Services Industry ,
FinTech ,
Legislative Agendas ,
Popular ,
State and Local Government ,
Technology