Effective July 1, 2025, Tennessee enters the national privacy conversation with the Tennessee Information Protection Act (TIPA), becoming the latest state to enact a comprehensive consumer data privacy law. However, this...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
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
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
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
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
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
Virginia has become the latest state to pass comprehensive privacy legislation as its legislature voted to enact SB 1392, known as the Consumer Data Protection Act (the "Act"). Although many other states have proposed privacy...more
2/24/2021
/ Consumer Privacy Rights ,
Data Collection ,
Data Management ,
Data Privacy ,
Data Protection ,
Information Governance ,
Opt-Outs ,
Personal Data ,
Personally Identifiable Information ,
Privacy Laws ,
State and Local Government ,
Virginia
New York remains extremely active in the cybersecurity and data protection arena. As we have recently discussed, New York is considering a proposed privacy bill that would greatly enhance consumer privacy rights, increase...more
The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (FRB), and the Federal Deposit Insurance Company (FDIC), have issued a notice of proposed rulemaking (Proposed Rule) that would require a banking...more
1/13/2021
/ Banking Sector ,
Breach Notification Rule ,
Cyber Attacks ,
Cyber Threats ,
Cybersecurity ,
Data Breach ,
Data Protection ,
FDIC ,
Notification Requirements ,
OCC ,
Proposed Rules
The financial services industry faced unprecedented cybersecurity and privacy challenges in 2020. From learning how to operate with a remote workforce, dealing with a complex and evolving regulatory environment, facing an...more
Last week, the New York Department of Financial Services (NYDFS) filed its first enforcement action against a title insurance company (the company) alleging multiple violations of its Cybersecurity Regulation. New York's...more
On April 30, 2010, the Federal Financial Institutions Council (FFIEC) issued Guidance on the use of cloud computing services and security risk management principles in the financial services sector. The Guidance reminds...more
It should not be surprising to anyone that cybersecurity and data protection remain top priorities for regulators of the financial services industry. Indeed, cybersecurity has been regularly identified as a key priority by...more
5/3/2019
/ Broker-Dealer ,
Customer Information ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
Investment Adviser ,
OCIE ,
Opt-Outs ,
Policies and Procedures ,
Popular ,
Privacy Policy ,
Regulation S-P ,
Risk Alert ,
Securities and Exchange Commission (SEC)