The PRA has released an important statement on its approach to funded reinsurance. Our view is that the statement endorses the conceptual principle that funded reinsurance (particularly to offshore counterparties) should best...more
8/2/2024
/ Banking Sector ,
Capital Requirements ,
Collateral Agreements ,
Financial Institutions ,
Financial Services Industry ,
Insurance Industry ,
Life Insurance ,
Prudential Regulation Authority (PRA) ,
Regulatory Requirements ,
Reinsurance ,
Risk Management ,
Solvency II ,
Standard Contractual Clauses ,
UK
In this month's edition of our Privacy & Cybersecurity Update, we examine the U.S. Treasury's advisories regarding the role of financial intermediaries in ransomware payments, a ruling by the Israeli data protection authority...more
11/3/2020
/ British Airways ,
California Consumer Privacy Act (CCPA) ,
Court of Justice of the European Union (CJEU) ,
Cyber Attacks ,
Cyber Insurance ,
Cybersecurity ,
Data Breach ,
Data Protection ,
EU ,
EU-US Privacy Shield ,
Financial Institutions ,
FinCEN ,
International Data Transfers ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Ransomware ,
State Attorneys General ,
Surveillance
In this month's edition of our Privacy & Cybersecurity Update, we examine the European Commission's second annual review of the Privacy Shield and the Department of Commerce's guidance on how to comply with the Privacy Shield...more
1/4/2019
/ Artificial Intelligence ,
Banking Sector ,
Cybersecurity ,
Data Protection ,
Data Protection Commissioner ,
Ethics ,
EU ,
EU-US Privacy Shield ,
European Central Bank ,
European Commission ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
General Data Protection Regulation (GDPR) ,
Human Rights ,
Identity Theft ,
Payment Systems ,
Popular ,
Privacy Policy ,
Proposed Amendments ,
Public Comment ,
Security Risk Assessments ,
U.S. Commerce Department ,
UK Brexit
In this month's edition of our Privacy & Cybersecurity Update, we examine a declaration on ethical considerations for artificial intelligence, the annual joint review of the Privacy Shield, a new lawsuit from a snack food...more
12/5/2018
/ Administrative Review ,
Artificial Intelligence ,
Banks ,
Cyber Attacks ,
Cyber Lexicon ,
Cybersecurity ,
Data Protection ,
Data Protection Officers (DPOs) ,
Denial of Insurance Coverage ,
EDPS ,
Ethics ,
EU ,
EU-US Privacy Shield ,
European Economic Area (EEA) ,
Financial Institutions ,
Financial Stability Board ,
FSB ,
General Data Protection Regulation (GDPR) ,
Human Rights ,
Insurance Litigation ,
Malware ,
Personal Data ,
Policy Exclusions ,
Popular ,
Privacy Concerns ,
Privacy Laws ,
Property Insurance ,
Ransomware ,
Secretary of Commerce
In this edition of our Privacy & Cybersecurity Update, we take a look at the FCC's new rules for broadband privacy, the FTC's new playbook for data breach response and notification, the NHTSA's voluntary guidance for...more
11/2/2016
/ Actual Injuries ,
Automotive Industry ,
Breach Notification Rule ,
Broadband ,
Cloud Computing ,
Cyber Threats ,
Cybersecurity ,
Data Breach ,
Data Breach Plans ,
Driverless Cars ,
EU ,
FCC ,
Federal Bank Regulatory Agencies ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
FTC Guidelines ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Incident Response Plans ,
IP Addresses ,
National Broadband Plan ,
NHTSA ,
Popular ,
Privacy Laws ,
Risk Assessment ,
Risk Mitigation
In this edition of our Privacy & Cybersecurity Update, we examine the Sixth Circuit's decision to allow injury-in-fact to be established by alleging a "substantial risk of harm" in a data breach case, New York state's...more
10/3/2016
/ Article III ,
CFTC ,
Class Action ,
Commodities ,
Corporate Counsel ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Data Protection Authority ,
EU ,
EU-US Privacy Shield ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
Financial Markets ,
Germany ,
International Data Transfers ,
NIST ,
NYDFS ,
Personal Data ,
Popular ,
Standing ,
UK ,
Young Lawyers
New York state has proposed a new regulation — to go into effect January 1, 2017 — that would require banks, insurance companies and other financial services institutions regulated by the New York State Department of...more
9/15/2016
/ Banks ,
Chief Information Security Officer (CISO) ,
Comment Period ,
Covered Entities ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Protection ,
Data Retention ,
Financial Institutions ,
Gramm-Leach-Blilely Act ,
Hackers ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Insurance Industry ,
NYDFS ,
Popular ,
Proposed Regulation ,
Risk Assessment ,
Risk Management