Four Companies Settle SEC Allegations for “Misleading Cyber Disclosures” Regarding SolarWinds -
On October 22, 2024, the Securities and Exchange Commission (“SEC”) announced settlements with four companies for alleged...more
11/8/2024
/ Artificial Intelligence ,
Consumer Financial Protection Bureau (CFPB) ,
Covered Entities ,
Cybersecurity ,
Disclosure Requirements ,
European Commission ,
Final Rules ,
Notice of Proposed Rulemaking (NOPR) ,
NYDFS ,
Public Disclosure ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Settlement ,
Social Engineering ,
Social Networks ,
SolarWinds ,
UK
As we begin the new year, we offer this special edition with predictions for 2024 from members of the Cyber Bits Partner Committee. Regardless of what happens in 2024, we renew our commitment to keep you informed of the...more
1/8/2024
/ Artificial Intelligence ,
Biometric Information ,
China ,
Consumer Privacy Rights ,
Cybersecurity ,
Disclosure Requirements ,
Enforcement ,
EU ,
Facial Recognition Technology ,
Machine Learning ,
Popular ,
Regulation S-P ,
Risk Management ,
Securities and Exchange Commission (SEC)
The SEC adopted new rules requiring public companies to (i) disclose material cybersecurity incidents on Form 8-K within four business days of determining that an incident is material, and (ii) periodically disclose their...more
8/8/2023
/ Cyber Incident Reporting ,
Cybersecurity ,
Disclosure Requirements ,
Form 10-K ,
Form 8-K ,
Investment Company Act of 1940 ,
Popular ,
Proposed Rules ,
Publicly-Traded Companies ,
Regulation S-K ,
Risk Management ,
Securities and Exchange Commission (SEC)
At an open meeting on March 15, 2023, the U.S. Securities and Exchange Commission voted three to two to propose a new rule, form and amendments (together, “Proposed Rule”) and published an accompanying release (“Release”)...more
5/11/2023
/ Cybersecurity ,
Disclosure Requirements ,
Incident Response Plans ,
MSBSPs ,
New Rules ,
Policies and Procedures ,
Popular ,
Recordkeeping Requirements ,
Risk Assessment ,
Risk Management ,
SBSD ,
Securities and Exchange Commission (SEC)
What is in store for Privacy and Cybersecurity in 2023 -
As the year ends, we offer this special edition with predictions for 2023 from each member of the Cyber Bits Partner Committee. Regardless of what happens in 2023, we...more
12/30/2022
/ Artificial Intelligence ,
California Consumer Privacy Act (CCPA) ,
Cyber Attacks ,
Cybersecurity ,
Disclosure Requirements ,
EU ,
Federal Trade Commission (FTC) ,
General Data Protection Regulation (GDPR) ,
Infrastructure ,
Investment Adviser ,
Popular ,
Privacy Laws ,
Privacy Legislation ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
State Data Breach Notification Statutes ,
UK ,
Whistleblowers
The Securities and Exchange Commission recently brought two enforcement actions that highlight the SEC’s focus on the investment adviser fiduciary duties, particularly as applied to recommendations that clients open or remain...more
On March 9, 2022, the Securities and Exchange Commission (“SEC”) voted three-to-one to propose new and amended rules for public companies that are subject to the reporting requirements of the Securities Exchange Act of 1934...more
3/18/2022
/ Corporate Governance ,
Cybersecurity ,
Data Breach ,
Disclosure Requirements ,
Form 8-K ,
Proposed Amendments ,
Publicly-Traded Companies ,
Regulatory Agenda ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
The California Attorney General announced on August 14, 2020 that the final regulations (Final Regulations) under the California Consumer Privacy Act (CCPA) had been approved by the California Office of Administrative Law (CA...more
8/25/2020
/ California Consumer Privacy Act (CCPA) ,
Compliance ,
Consent ,
Consumer Privacy Rights ,
Disclosure Requirements ,
Final Rules ,
Misuse of Information ,
Notice Requirements ,
Office of Administrative Law ,
Opt-Outs ,
Personal Information ,
State Attorneys General ,
Transparency ,
Websites
The California legislature unanimously approved and California Governor Jerry Brown signed into law the California Consumer Privacy Act of 2018 (CCPA) on June 28, 2018. The CCPA is arguably the most far-reaching data...more
9/19/2018
/ California Consumer Privacy Act (CCPA) ,
Consent ,
Consumer Privacy Rights ,
Covered Entities ,
Cybersecurity ,
Data Breach ,
Data Collection ,
Data Privacy ,
Data Protection ,
Disclosure Requirements ,
General Data Protection Regulation (GDPR) ,
New Legislation ,
Opt-Outs ,
Personally Identifiable Information ,
Privacy Laws ,
Privacy Policy ,
Private Right of Action ,
Right to Be Forgotten ,
Right to Delete ,
Right To Know ,
State Attorneys General ,
State Data Breach Notification Statutes