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New FTC Provides Insights Into Its Plan for a Balanced Approach to Data Privacy and Security

This year brought unprecedented focus on consumer privacy – the rollout of the European Union General Data Protection Regulation (GDPR), the Cambridge Analytica controversy and Congressional hearings, a GDPR-light law coming...more

Ohio Accepting Bitcoin for Taxes, Multiple SEC and Financial Crime Developments, New Blockchain Capital Markets and Enterprise...

Satisfying Tax and Other Liabilities With Cryptocurrency - Ohio appears to be the first state that will accept bitcoin as payment for tax bills. Other states, such as Arizona, Georgia and Illinois, have considered allowing...more

Broker-Dealer and Investment Adviser Agrees to Settle SEC Enforcement Action Arising From a Data Security Incident

The U.S. Securities and Exchange Commission (SEC) recently announced a consent order settling an enforcement action brought by the SEC against Voya Financial Advisors Inc. (VFA) in connection with a data security incident...more

Department of Justice Releases Attorney General’s First Cyber-Digital Task Force Report

The Department of Justice recently released its comprehensive assessment of cyber threats in the United States, titled “Report of the Attorney General’s Cyber-Digital Task Force.” The Report is the result of the establishment...more

The Weekly Privacy Rewind

Class Actions - Finkly & Sons Co. Faces Illinois Biometric Information Privacy Act Class Action - A former employee of steelmaker A. Finkly & Sons Co. filed a putative class action against the company in Cook County,...more

The Weekly Privacy Rewind

Canada - Canadian Banks Notify 90,000 Following Breach - Bank of Montreal and Canadian Imperial Bank of Commerce announced that they were contacted by hackers and informed that nearly 90,000 customers’ personal information...more

SEC Clarifies Existing Cybersecurity Disclosure Guidance

On February 21, 2018, the U.S. Securities and Exchange Commission (“SEC”) issued cybersecurity disclosure guidance for public companies (“SEC Guidance”) that, according to SEC Chair Jay Clayton, “reinforces and expands” on...more

Looking Back: The Federal Trade Commission Issues Annual Data Privacy Report for 2017

On Jan. 18, 2018, the Federal Trade Commission (FTC) published its Annual Privacy and Data Security Update. The update is helpful to businesses in that it recaps the efforts and areas of involvement the FTC has targeted in...more

Coming Full Circle: FTC Recovers BIAS Regulation Jurisdiction Following FCC Vote

In a widely publicized decision, the Federal Communication Commission (FCC) voted on Dec. 14, 2017, to repeal the tenets of the Protecting and Promoting the Open Internet Order, or the Open Internet Order, of 2015. See...more

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