Key Takeaways:
- EU-U.S. Privacy Shield Framework invalidated
- Standard Contractual Clauses governing transfers between controllers and processors upheld, but arguably may not be valid on their face without additional...more
7/17/2020
/ Court of Justice of the European Union (CJEU) ,
Data Protection ,
EU ,
EU-US Privacy Shield ,
Facebook ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Personal Data ,
Risk Management ,
Schrems I & Schrems II ,
Standard Contractual Clauses
In many ways, it was the year of data privacy. In this article, we identify five of the biggest trends in privacy and data security, including the mammoth European Union General Data Protection Regulation (GDPR) taking...more
A coalition of industry groups has unveiled a new cyber compliance profile framework specifically for financial institutions, aimed at streamlining regulatory burdens....more
While the California Consumer Privacy Act (CCPA) and subsequent amendments have dominated privacy news lately, some states are enacting data protection legislation that could impact financial institutions and businesses....more
Governor Brown and California legislators enacted far-reaching consumer privacy and data security protections today in a deal to avoid a deeply flawed privacy initiative being placed on the ballot for voters in November....more
State legislatures are making their mark with new consumer protection legislation, most notably in Vermont, where the state enacted the first law regulating data brokers, and in Colorado, where lawmakers passed a new privacy...more
The independent auditor of the Office of Inspector General (OIG) of the Federal Reserve System reported on cybersecurity issues at the Consumer Financial Protection Bureau (CFPB), and the report does not quite fit the picture...more
The year 2017 saw the number of data breaches grow, and the trend is expected to continue and intensify. From Yahoo’s announcement that three billion of its user accounts were compromised to the Equifax breach and resulting...more
Hoping to provide greater clarity to financial institutions subject to its new cybersecurity requirements, New York’s Department of Financial Services (DFS) published a Frequently Asked Questions (FAQ) document to assist...more
Industry Weighs In on Data Security, Cybersecurity Legislation:
Why it matters -
Members of the financial industry were able to share their positions and voice concerns at a recent hearing held by the House...more
Why it matters -
The financial industry has thrown its support behind data breach notification legislation as well as passage of a law that would encourage businesses to share cyberthreat information. Data security...more
Why it matters -
Reflecting continued regulatory focus on the issue of cybersecurity, Comptroller of the Currency Thomas Curry said in recent remarks, retailers must be held accountable for data breaches, urging...more