In a long anticipated development, on August 24 California Attorney General Rob Bonta ("Cal AG") announced the state's first monetary penalty under the California Consumer Privacy Act ("CCPA"), in a settlement with the beauty...more
On August 2, in its first ever cryptocurrency enforcement action, the New York State Department of Financial Services ("NYDFS") announced it had imposed a $30 million fine on Robinhood Crypto, LLC ("RHC") for failures in its...more
8/15/2022
/ Bank Secrecy Act ,
BSA/AML ,
Business Licenses ,
Consent Order ,
Cryptocurrency ,
Enforcement Actions ,
New York ,
Noncompliance ,
Notice Requirements ,
NYDFS ,
Regulatory Violations ,
State and Local Government ,
Virtual Currency
On March 9, 2022, the Securities and Exchange Commission ("SEC") proposed rules that would require public companies to make prescribed cybersecurity disclosures. The proposed rules would "strengthen investors' ability to...more
3/15/2022
/ Broker-Dealer ,
Corporate Governance ,
Cyber Incident Reporting ,
Cybersecurity ,
Disclosure Requirements ,
Investment Adviser ,
Investment Companies ,
Investors ,
Proposed Rules ,
Publicly-Traded Companies ,
Risk Management ,
Securities and Exchange Commission (SEC)
With data privacy laws tightening and cyberattacks on the rise, due diligence of technology networks and data processes should be a top priority for dealmakers -
May 2021 saw one of the most high-profile cyberattacks in US...more
Colorado has joined California and Virginia in enacting comprehensive data privacy legislation after Governor Jared Polis signed the Colorado Privacy Act into effect yesterday. The enactment of the Colorado Privacy Act...more
On March 2, 2021, Governor Ralph Northam of Virginia signed the Consumer Data Protection Act ("CDPA") into law, after it passed both houses of the legislature with overwhelming support. This new legislation is set to take...more
On October 28, 2020, a coalition of US government entities consisting of the Cybersecurity and Infrastructure Security Agency (CISA), the Federal Bureau of Investigation (FBI), and the Department of Health and Human Services...more
11/9/2020
/ Best Practices ,
Cyber Attacks ,
Cyber Threats ,
Cybersecurity ,
Department of Health and Human Services (HHS) ,
FBI ,
Hackers ,
Health Care Providers ,
Homeland Security Cybersecurity & Infrastructure Security Agency (CISA) ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Ransomware
In the past few years, cybersecurity has taken on increasing importance in the eyes of lawmakers and regulators. Traditionally, cybersecurity compliance that is tied to the protection of personal information generally has...more
9/10/2020
/ Corporate Counsel ,
Cybersecurity ,
Cybersecurity Framework ,
Data Protection ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
FTC Act ,
LabMD ,
NYDFS ,
Popular ,
Regulatory Standards
While businesses have been focused on meeting the looming January 1, 2020 deadline of the California Consumer Privacy Act ("CCPA"), Nevada just ratchetted up the heat by imposing an earlier October 2, 2019 deadline for...more
6/10/2019
/ Amended Legislation ,
California Consumer Privacy Act (CCPA) ,
Consumer Privacy Rights ,
Consumer Rights Directive ,
Data Brokers ,
Data Collection ,
Data Privacy ,
GLBA Privacy ,
Governor Sisolak ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Internet ,
Internet Retailers ,
Notice Requirements ,
Online Platforms ,
Personal Data ,
Personally Identifiable Information ,
Privacy Laws ,
State Legislatures