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FTC amends Safeguards Rule to require non-banking financial institutions to report data breaches

Against the backdrop of the National Cybersecurity Strategy’s stated goal of harmonizing federal cyber incident reporting requirements, new requirements still continue to emerge. Among the latest is a Federal Trade Commission...more

NYDFS publishes proposed amendments to Cybersecurity Regulation for covered entities

On November 9, 2022, the New York Department of Financial Services (NYDFS) published proposed amendments to significantly expand Cybersecurity Requirements for Financial Services Companies under 23 NYCRR 500 (the “NYDFS...more

Virginia poised to enact comprehensive consumer privacy law

Virginia is on track to be the second U.S. state to enact comprehensive consumer privacy legislation. Both the Virginia House of Delegates and the Virginia Senate have passed nearly identical versions of the Consumer Data...more

CFPB issues advanced notice of proposed rulemaking on Section 1033 regarding consumer access to financial data

The Consumer Financial Protection Bureau (CFPB) released an advanced notice of proposed rulemaking (ANPR) requesting information related to consumer access to financial records. The ANPR is another step towards the CFPB’s...more

FTC Seeks Comment on Proposed Changes to GLBA Implementing Rules

The Federal Trade Commission (“FTC”) issued notices on March 5 seeking public comment on proposed amendments to the regulations implementing the Gramm-Leach-Bliley Act (“GLBA”), commonly known as the Safeguards Rule and...more

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