In late March, an online retailer successfully asserted consent as a complete defense to a putative Pennsylvania Wiretapping and Electronic Surveillance Control Act of 1978 (WESCA) class action lawsuit, resulting in the...more
In late February, California lawmakers introduced new legislation that would impose sweeping restrictions on the use of location and tracking data. Known as the California Location Data Act (CLDA), this legislation goes a...more
Colorado waded into the deep end of AI regulation last year with the Colorado AI Act (Senate Bill 24-205), a sweeping law designed to rein in the risks of artificial intelligence (AI) and automated decision systems (ADS)....more
2/13/2025
/ Artificial Intelligence ,
Automated Decision Systems (ADS) ,
Colorado ,
Consumer Protection Laws ,
Corporate Counsel ,
Data Privacy ,
Enforcement ,
Machine Learning ,
New Legislation ,
Regulatory Reform ,
Risk Management ,
State Legislatures ,
Technology Sector
The Securities and Exchange Commission (SEC) is increasing its scrutiny on artificial intelligence (AI)-related disclosures; therefore, companies must tread carefully as year-end reporting season approaches. Specifically,...more
In today's fast-paced digital world, businesses often seek to access a global pool of skilled professionals by turning to remote talent to fill gaps in their IT needs. Although this practice has many advantages, it also...more
12/20/2024
/ Background Checks ,
Cyber Attacks ,
Cyber Crimes ,
Cyber Threats ,
Cybersecurity ,
Data Protection ,
Employer Liability Issues ,
Hiring & Firing ,
Information Technology ,
Non-Disclosure Agreement ,
North Korea ,
Remote Working ,
Risk Management
In today's digital landscape, data brokers are like modern-day gold miners, sifting through the intimate details of our lives – our addresses, financial records, Social Security numbers – and quietly turning that information...more
California is making waves with its new AI law, Assembly Bill 2013 (AB 2013), set to take effect in 2026. This groundbreaking legislation (again) puts the state at the forefront of tech regulation by tackling one of AI's...more
12/4/2024
/ Algorithms ,
Artificial Intelligence ,
Bias ,
California ,
Copyright ,
Corporate Counsel ,
Cybersecurity ,
Data Management ,
Deep Fake ,
Innovative Technology ,
Machine Learning ,
New Legislation ,
Popular ,
Technology Sector ,
Transparency
The conclusion of Cybersecurity Awareness Month is a reminder of the importance for organizations to implement robust security measures and promote good cyber hygiene. As we noted in our State of the Cyber Landscape webinar,...more
11/6/2024
/ Best Practices ,
Cyber Attacks ,
Cyber Threats ,
Cybersecurity ,
Cybersecurity Framework ,
Data Privacy ,
Data Protection ,
Data Security ,
Incident Response Plans ,
Risk Assessment ,
Risk Management
The New York Department of Financial Services (NYDFS) issued new guidance (the Guidance) on October 16, 2024, to help state-regulated financial institutions mitigate the myriads of cybersecurity risks posed by artificial...more
10/22/2024
/ Artificial Intelligence ,
Corporate Counsel ,
Cyber Attacks ,
Cyber Threats ,
Cybersecurity ,
Data Management ,
Data Privacy ,
Financial Institutions ,
Financial Services Industry ,
Machine Learning ,
NYDFS ,
Risk Assessment ,
Risk Management
In this era of big data, smart devices, and constant connectivity, the clock's already ticking on your next data breach – it's just a matter of time. For companies of all sizes and across every industry, the stakes have never...more
October is here, and as we prepare for pumpkin spice lattes, fall sweaters, and scary decorations, there's one thing your business can't afford to ignore this month: cybersecurity. Welcome to Hack-tober, or as it's officially...more
The financial services industry has seen a litany of new data privacy and cybersecurity challenges through the first half of 2024. Financial institutions are facing unprecedented compliance hurdles resulting from the...more
6/3/2024
/ Artificial Intelligence ,
Continuing Legal Education ,
Cyber Incident Reporting ,
Cybersecurity ,
Cybersecurity Information Sharing Act (CISA) ,
Data Breach ,
Data Privacy ,
Disclosure Requirements ,
Enforcement Actions ,
Financial Institutions ,
Financial Services Industry ,
Incident Response Plans ,
New Guidance ,
New Regulations ,
New Rules ,
Notice of Proposed Rulemaking (NOPR) ,
Notification Requirements ,
Regulation S-P ,
Reporting Requirements ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
State Privacy Laws ,
Third-Party Risk ,
Webinars
The Securities Exchange Commission (SEC) and the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN) issued a proposed rule on May 13, 2024 (Proposed Rule), which could have sweeping effects on the...more
In recognition of International Privacy Day on January 28, we wanted to share some insights on the top privacy and cybersecurity issues for the new year. Data privacy and cybersecurity will continue to be one of the most...more
1/29/2024
/ Artificial Intelligence ,
Compliance ,
Consumer Privacy Rights ,
Cyber Threats ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
Deep Fake ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Incident Response Plans ,
Personal Information ,
Policies and Procedures ,
Popular ,
Ransomware ,
Reporting Requirements ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
State Privacy Laws ,
Supply Chain
Fraudulent activity in the financial industry is nothing new. The techniques employed by fraudsters have ranged from fake check fraud and credit card fraud to identity theft and financial account takeovers. For years,...more
On May 31, 2023, renowned managed file transfer solution provider Ipswitch, Inc. revealed a zero-day vulnerability in its flagship solution, MOVEit Transfer, that can enable mass data theft from thousands of organizations....more
The Securities and Exchange Commission (SEC) continued its focus on cybersecurity regulations this month by announcing three new proposed rules and re-opening the comment period on an additional proposed rule from last year....more
As organizations in the financial sector continue to migrate IT and business services to the cloud and adopt other cloud offerings, it is important that financial institutions understand the risks associated with each. A U.S....more
The National Credit Union Administration (NCUA) has approved new cyber incident reporting requirements for credit unions. Under the final rule, federally insured credit unions will be required to notify the NCUA of a...more
On multiple fronts, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) continue to increase their focus on cybersecurity. This is understandable as headlines of recent...more
On August 11, 2021, the Federal Financial Institutions Examination Council (FFIEC), the multi-agency authority responsible for issuing uniform principles and standards for supervision of financial institutions, published new...more
Earlier this month, Colorado became the third state to pass comprehensive data privacy legislation. As we have previously analyzed, California originally passed the CCPA and the CPRA, then Virginia passed the VCDPA, and now...more
California is continuing to make news with respect to its privacy laws. California's Attorney General recently announced the approval of new amendments to regulations of the California Consumer Privacy Act (CCPA). The new...more
The New York Department of Financial Services (NYDFS) has become a frequent topic of these alerts. In recent weeks we have covered multiple actions from the regulator, including its first enforcement action, its SolarWinds...more
We've all heard a lot about cybersecurity risks and how cyberattacks have dramatically increased since COVID-19 changed our daily work environments. A recent attack has resulted in the demise of a hedge fund and illustrates...more