On May 12, 2021, President Biden signed an executive order (EO) mandating that the federal government significantly improve cybersecurity within its networks and modernize federal cyber defenses. The EO acknowledges that the...more
“Information security is critical to the operation of the financial markets and the confidence of its participants. . . The Division is acutely focused on working with firms to identify and address information security risks,...more
Data privacy is a top concern for many in-house legal professionals – and for good reason – data privacy and cybersecurity legal requirements are complex and continually evolving. Data Privacy Day is a great day to start...more
On July 21, the New York Department of Financial Services (NYDFS) filed charges against First American Title Insurance Company (First American) for violating multiple sections of the New York Cybersecurity Regulation, 23...more
On July 15, 2020, the Federal Reserve released updated guidance for the Main Street Lending Program (MSLP). That updated guidance further modifies or clarifies certain requirements of the program, following its launch on July...more
“[P]rivacy legislation should have some kind of safe harbor provision in it so that companies understand that if they take certain steps, what they are doing is consistent with the law.” Karen Zacharia, Chief Privacy Officer...more
“A significant data breach is likely to cost the company materially, and costs could drag on for a number of years,” analyst Shlomo Rosenbaum, commenting on the Equifax breach.
Organizations increasingly rely on...more
During McGuireWoods’ Nov. 3 Data Privacy and Security Seminar in Chicago, McGuireWoods lawyers Anne Peterson and Alex Brackett conducted a data breach tabletop exercise simulating a variety of breach scenarios. For those who...more
“The goal is to turn data into information, and information into insight.” – Carly Fiorina, former CEO, Hewlett-Packard Co.
The most valuable asset of every organization is information. Organizing, analyzing and...more
On March 2, 2016, the Consumer Financial Protection Bureau (CFPB) filed the first consent order (Order) involving data privacy since the CFPB’s inception in 2010. The Order serves as a warning to all companies that collect,...more
On January 11, 2016, the Securities and Exchange Commission announced the 2016 examination priorities list. For the third year in a row, cybersecurity is a top concern, especially with regard to internal security program...more