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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +
Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now.   less -
Awatif Mohammad Shoqi Advocates & Legal...

Learn more about privacy violations and secret disclosure under the UAE.

Awatif Mohammad Shoqi Advocates & Legal... on

In today's world, violations of individual privacy and secret disclosure are a serious problem. It may be eavesdropping, interception, recording, and the spreading of personal information without the consent of the other...more

Skadden, Arps, Slate, Meagher & Flom LLP

CFPB Releases Final ‘Open Banking’ Rule on Personal Financial Data Rights

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On October 22, 2024, the Consumer Financial Protection Bureau (CFPB) issued a final rule (Rule) on personal financial data rights under Section 1033 of the Dodd-Frank Act. The Rule imposes significant new obligations on...more

Goodwin

Money20/20 Zeros in on AI, Open Banking, and Payment Innovation

Goodwin on

The end of October marked the conclusion of another successful year of Money20/20, the premier event for the payments, banking, fintech, and financial services industries. If you missed the conference, fear not. Below is a...more

Woodruff Sawyer

How E&O Insurance Supports Fintech Companies

Woodruff Sawyer on

Fintech companies face many potential liabilities. I previously discussed their cybersecurity risks. This time, I’ll focus on the operational risks these companies face due to the heavily regulated nature of the financial...more

Orrick, Herrington & Sutcliffe LLP

New York Department of Financial Services Finalizes Amended Cybersecurity Regulations

Orrick, Herrington & Sutcliffe LLP on

On November 1, the New York Department of Financial Services (NYDFS) amended its cybersecurity regulations to set additional notification, administrative, training and technical requirements. The Amended Cybersecurity...more

Orrick, Herrington & Sutcliffe LLP

NYDFS publishes new proposal on cybersecurity regs

Orrick, Herrington & Sutcliffe LLP on

On June 28, NYDFS published an updated proposed second amendment to the state’s cybersecurity regulation (23 NYCRR 500) reflecting revisions made by the department in response to comments received on proposed expanded...more

Morgan Lewis

How Financial Services Companies Can Prepare for and Comply with New Federal Cybersecurity Requirements

Morgan Lewis on

US regulators have increased their focus on cybersecurity issues impacting financial services companies, with a host of guidance documents recently released by the US Securities and Exchange Commission (SEC), the three...more

American Conference Institute (ACI)

[Event] 22nd Annual Canadian Forum on Anti-Money Laundering and Financial Crime - June 7th - 8th, Toronto, Ontario, Canada

American Conference Institute (ACI) on

AML compliance for reporting entities has never been of greater critical importance than it is today. With the growing sophistication of criminals and the methods and technologies that they employed, combined with the...more

EDRM - Electronic Discovery Reference Model

[Webinar] Banks in the Crosshairs: Cyberattacks and Aggressive Regulators - May 25th, 1:00 pm - 2:00 pm ET

EDRM - Electronic Discovery Reference Model on

Financial institutions are in a tough spot- caught between the “bad guys” (state-sponsored cyberattacks and cyber criminals) and “good guys” (ever more aggressive regulators)- what’s a bank to do??? Tune in to find out!...more

Hogan Lovells

AI regulation in financial services in the EU and the UK: Governance and risk-management

Hogan Lovells on

Artificial intelligence (AI) and machine learning (ML) technology have started to transform financial services and bring about new business opportunities, but with risks. AI governance should be adopted by financial...more

Mitratech Holdings, Inc

[Webinar] Expert Perspectives: Implementing DORA, Mastering the Challenges and Opportunities - May 17th, 9:00 am ET

Mitratech Holdings, Inc on

DORA is set to transform how European based Financial Institutions enhance the operational resilience of their critical business processes. With an implementation date of 17th January 2025 the evolving nature of the...more

American Conference Institute (ACI)

[Event] 7th Annual Legal, Regulatory and Compliance Forum on FinTech & Emerging Payment Systems - April 18th - 19th, New York, NY

American Conference Institute (ACI) on

Join American Conference Institute at the 7th Annual Legal, Regulatory and Compliance Forum on FinTech & Emerging Payment Systems on April 18-19, 2023, in New York! Gain key insights into the hurdles arising amid...more

Venable LLP

Four Cybersecurity Law Issues for Financial Services to Track in 2023 | Insights

Venable LLP on

The financial services sector must already contend with a maze of regulations in a variety of areas, and 2023 is poised to usher in new cybersecurity regulations for the industry. Organizations should ensure their security...more

Troutman Pepper Locke

Privacy and Data Security Update - The Consumer Finance Podcast

Troutman Pepper Locke on

Please join Consumer Financial Services Partner Chris Willis and his colleagues Ron Raether and Kim Phan, partners in our Privacy + Cyber Practice Group, as they discuss recent privacy and data security updates in the...more

King & Spalding

New York Department of Financial Services Proposes New Cybersecurity Rules

King & Spalding on

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) released Draft Amendments to its Part 500 Cybersecurity Rules, which propose substantial new obligations for the cybersecurity programs of companies...more

Davis Wright Tremaine LLP

State Banking Supervisors Clarify Cybersecurity Expectations for Nonbank Financial Institutions

Davis Wright Tremaine LLP on

Entities that offer financial services to businesses and consumers but do not hold deposits for their customers now have clear guidance on what they should be doing to protect their networks' customers from cyberattacks and...more

Goodwin

OCC Acting Comptroller Issues Statement on Stablecoin Standards

Goodwin on

Regulatory Developments - OCC Acting Comptroller Issues Statement on Standards for Stablecoins - On April 27, Acting Comptroller of the Currency Michael J. Hsu issued a statement regarding stablecoin standards after his...more

Blank Rome LLP

What Banks Need to Know About New Data Breach Notification Requirements

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Given the omnipresent concern about cyber attacks targeting the banking industry, the FDIC, OCC and Federal Reserve recently published a new joint final rule establishing enhanced security incident notification requirements...more

Holland & Knight LLP

The Impact of Cybersecurity Regulations on the Financial Services Industry in 2022

Holland & Knight LLP on

Following the SolarWinds and the Colonial Pipeline cyberattacks, the Biden Administration emphasized a shift toward mandatory cybersecurity requirements. Throughout 2021, government agencies issued new cybersecurity guidance,...more

Cozen O'Connor

Federal Agencies Announce a New 36-Hour Cybersecurity Incident Rule Reporting Requirement

Cozen O'Connor on

On November 18, 2021, the Office of the Comptroller of the Currency (“OCC”), the Board of Governors of the Federal Reserve System (“Board”), and the Federal Deposit Insurance Corporation (“FDIC”) (collectively, the...more

Benesch

Federal Agencies Issue New Breach Notification Rules for Banking Organizations and Banking Service Providers

Benesch on

Banking organizations must notify the appropriate agency within 36 hours of certain computer-security incidents; and banking service providers must notify affected banking organizations as soon as possible in the event of an...more

Cooley LLP

36-Hour Breach Notification Rule to Go into Effect for Banking Organizations

Cooley LLP on

On November 18, 2021, three US agencies – the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (FRB) and the Federal Deposit Insurance Corporation (FDIC) – issued a joint rule concerning...more

Steptoe & Johnson PLLC

Computer-Security Incident Rule Creates New Notification Requirements for Banking Organizations and Bank Service Providers

Steptoe & Johnson PLLC on

On November 18, 2021, the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (FRB), and the Office of the Comptroller of the Currency (OCC) issued a joint final rule (the...more

Bennett Jones LLP

OSFI Calls for Consultation on Draft Guidelines for Technology and Cyber Risk Management

Bennett Jones LLP on

On November 9, 2021, the Office of the Superintendent of Financial Institutions (OFSI) launched a three-month public consultation on the Draft Guideline B-13: Technology and Cyber Risk Management....more

Morgan Lewis - All Things FinReg

Federal Banking Agencies Adopt New Computer-Security Incident Notification Requirements

Morgan Lewis - All Things FinReg on

The three federal banking agencies (i.e., the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency—collectively, the Agencies) published a final rule (the Rule)...more

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