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Italy’s Privacy Regulator Takes Action Against ChatGPT

On March 31, 2023, Italy’s privacy regulator (the “Garante”), announced an immediate temporary limitation on the processing of data of individuals residing in Italy by OpenAI’s ChatGPT, the popular artificial intelligence...more

SEC Proposes Changes to Reg S-P to Impose New Cybersecurity-Related Requirements on Covered Institutions

On March 15, 2023, the Securities and Exchange Commission (SEC) announced proposed changes to Regulation S-P (“Reg S-P”) that would impose new cybersecurity incident response requirements on broker-dealers, investment...more

New Legislation to Expand Privacy Obligations of Financial Institutions Introduced in Congress

On February 27, 2023, the Chairman of the House Financial Services Committee Patrick McHenry (NC-10) introduced the Data Privacy Act of 2023 (the Bill), which would amend the Gramm-Leach-Bliley Act (GLBA) to “modernize[]...more

Illinois Supreme Court Finds that Biometric Information Privacy Act Claims Accrue with Each and Every Violation

On February 17, 2023, the Illinois Supreme Court held in a 4-3 split opinion that claims under the state’s Biometric Information Privacy Act (BIPA) accrue each time there is a biometric collection or transmission constituting...more

Illinois Supreme Court Finds 5-Year Limitations Period for Biometric Information Privacy Act Claims

On February 2, 2023, the Illinois Supreme Court held in a unanimous opinion that individuals have five years after an alleged violation to bring claims under the state’s Biometric Information Privacy Act (BIPA). This ruling...more

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