[Webinar] The Revised FTC Safeguards Rule - What It Means and Why It Is More Important Than You Might Think

November 17th, 12:00 pm - 1:00 pm CST
Thompson Coburn LLP
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Thompson Coburn LLP

November 17th, 2021
12:00 PM - 1:00 PM CST

On October 27th, the FTC issued the final revised version of the agency's Gramm-Leach-Bliley Act Safeguards Rule. The revised Safeguards Rule has been years in the making and marks a significant change in how the agency will regulate data and cybersecurity. For many entities designated as "financial institutions" under GLBA, the new Safeguards Rule will require a rethink of their security program and the security controls they employ.

Join our panel as they discuss how the new rule may directly and indirectly impact compliance programs for financial institutions and higher education institutions. We will review the new requirements, how they differ from the prior regulation, and consider the possible effects from the new rule beyond financial services.

CLE
California: 1.0 general
Illinois: 1.0 general
Missouri: 1.2 general
New York: 1.0 Professional Practice (experienced and transitional)
Texas: 1.0 general (pending)

Speakers

James Shreve

James Shreve
Partner
Thompson Coburn LLP

Jim serves as a trusted advisor to clients facing complex cybersecurity and privacy issues — particularly those in the country's most highly regulated industries. He is the chair of Thompson Coburn's Cybersecurity group, was named a Fellow of Information Privacy, and holds CIPP/US and CIPT certifications from the International Association of Privacy Professionals.

Jim advises all types of companies on the myriad legal concerns surrounding confidential information and how such information is stored and transmitted. Applying the law to rapidly changing technology and software capabilities, Jim provides clients with a profile of their potential risk, then works closely with executive leadership, legal, IT, and compliance information security teams to develop a comprehensive and practical plan for risk avoidance and responding to cyber and data-related issues.

Luke Sosnicki

Luke Sosnicki
Partner
Thompson Coburn LLP

Luke is an experienced commercial litigator who has successfully litigated commercial disputes of all types. He is also an experienced financial services litigator, having spent most of his career defending banks, mortgage servicers, and other financial institutions in individual and class action cases across the country. He holds a CIPP/US certification from the International Association of Privacy Professionals and provides comprehensive advice on litigation risks related to federal and state data privacy laws, including the California Consumer Privacy Act (CCPA).

Elizabeth Casale

Elizabeth Casale
Associate
Thompson Coburn LLP

Libby assists clients with a wide variety of business litigation matters.

She performs legal research, drafts and reviews pleadings and other documents, supports case management, and assists with client communications. Libby earned her J.D. from Wake Forest University, where she served as Editor-in-Chief for the Journal of Business and Intellectual Property Law and competed in several trial team arenas. In law school, she also served on the board for the law school's Moot Court and was named to the Order of the Barristers upon graduation. Libby focused much of her studies on cybersecurity and privacy and holds CIPP/US, CIPP/E (Europe) and CIPP/A (Asia) Certifications.

Jarret Cummings

Jarret Cummings
Senior Advisor for Policy and Government Relations
EDUCAUSE

Jarret Cummings serves EDUCAUSE as Senior Advisor for Policy and Government Relations. In this capacity, he oversees association efforts to address federal policy issues with significant implications for higher education IT, particularly regarding information security and data privacy, e-learning, IT accessibility, and networking and telecommunications. Cummings has been with EDUCAUSE since 2004, having previously worked as a federal policy specialist, special assistant to the president, and program administrator for the EDUCAUSE Learning Initiative (ELI). He holds a master’s in public administration from Syracuse University and a bachelor’s in philosophy from Southwestern University.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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