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5 Huge Reasons Banks Need to Archive Their Websites & Social Media Accounts

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The digital revolution has transformed the banking industry. As financial services and associated communications move online, it is more important than ever for institutions to manage and control their online presence....more

Akin Gump Strauss Hauer & Feld LLP

First Enforcement Action by New York Department of Financial Services Under Cybersecurity Regulation

On July 21, 2020, the New York Department of Financial Services (DFS) filed a “Statement of Charges and Notice of Hearing” (the “Charges”) against First American Title Insurance Company (the “Company”) alleging violations of...more

BCLP

Do most banks and financial service companies use third party behavioral advertising cookies?

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Yes. As the following chart indicates there is a wide disparity between the quantity of third party behavioral advertising cookies used by banks and financial service companies within the Fortune 500...more

Nutter McClennen & Fish LLP

Fintech in Brief: Federal Reserve Board Announces Fintech Innovation Office Hours Program

On December 17, 2019, the Federal Reserve Board (“FRB”) joined the other federal financial regulators by announcing it would hold a series of “fintech innovation office hours” for member banks and Fintechs. The FRB intends...more

Morgan Lewis

Russia’s Central Bank to Receive the Right to Block Illegal Content

Morgan Lewis on

Russia’s Central Bank, the financial markets regulator in Russia, might soon receive the right to block websites. On 24 January, the State Duma, the lower house of the Russian parliament, approved amendments in the first...more

Robinson+Cole Data Privacy + Security Insider

Sony Cyber-Attackers Lurking at Financial Supervisor “Watering Hole” Target Banks and Others

Cybersecurity specialists at BAE Systems and Symantec announced last week new evidence suggesting that the criminals behind the notorious 2014 attack on Sony Corp. are also responsible for recent cyber-attacks involving 104...more

A&O Shearman

Use of e-banking secured mailbox to provide information on durable medium

A&O Shearman on

By a decision held on 25 January 2017 (C-375/15), the Court of Justice of the European Union (CJEU) clarified the question of information (in electronic format) that payment service providers (such as banks) convey to their...more

Hogan Lovells

Online banking The CJEU provides a durable approach for industry

Hogan Lovells on

Content Services created a cloud of uncertainty on whether online banking can be used to "provide" prescribed information. The recent Advocate General opinion in the BAWAG case distinguished Content Services and took a more...more

Manatt, Phelps & Phillips, LLP

ADA’s Website Accessibility: Proactive Responses Banks Can Take Now

Plaintiffs’ law firms have recently been sending demand letters to banks of all sizes alleging that their websites violate the Americans with Disabilities Act (ADA), particularly with regard to accessibility of the websites...more

Baker Donelson

Bank Websites Targeted for Title III ADA Violations – 12 Ways to Comply

Baker Donelson on

An increasing number of companies in the banking industry are reporting receiving demand letters from law firms alleging website violations under Title III of the Americans with Disabilities Act (Title III). These letters...more

Robinson+Cole Data Privacy + Security Insider

Feds continue to prosecute hackers

Sergey Vovnenko, a Ukrainian hacker, was charged in New Jersey federal court this week for wire fraud conspiracy, unauthorized computer access and aggravated identity theft for allegedly hacking into networks of financial...more

King & Spalding

Internet Of Things, News Websites Fare Poorly In Security And Privacy Review

King & Spalding on

On June 16, the Online Trust Alliance, an industry group focused on developing and encouraging best practices in online security and privacy, announced that a recent audit of approximately 1,000 websites showed that 46%...more

Allen Matkins

Financial Institutions May Post Online Privacy Disclosures

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The Consumer Financial Protection Bureau ("CFPB") recently amended Regulation P, which requires – in connection with the Gramm-Leach-Bliley Act – that financial institutions provide an annual disclosure of their privacy...more

Bracewell LLP

.bank and Other Domain Names to Open for Financial Institutions... And Others

Bracewell LLP on

The governing body that administers the domain name space, the Internet Corporation for Assigned Names and Numbers (ICANN), is in the process of vastly expanding the number of top level domain names (like .com and .net) from...more

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