News & Analysis as of September 22, 2024

Third-Party Service Provider

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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 -

The Pros And Cons Of Protecting AI As Trade Secrets

Rothwell, Figg, Ernst & Manbeck, P.C. on 3/5/2024

Trade secrets have become a de facto intellectual property right for securing valuable artificial intelligence information. Despite regulatory trends toward greater transparency of AI models, federal policy acknowledges,...more

Managing Third-Party Vendor Regulatory Compliance

Mitratech Holdings, Inc on 8/7/2020

Data breaches are a hot topic and will undoubtedly get even hotter. Cybersecurity for your own enterprise isn’t enough — you must evaluate your vendors and determine if they’re prepared to resist cyberattacks. ...more

New York Board of Regents Approves Part 121 Regulations Required by Education Law § 2-d

Harris Beach PLLC on 1/15/2020

January 14, 2020, the Board of Regents formally adopted Part 121 to the Commissioner’s Regulations to implement Education Law § 2-d. The regulation will become effective January 29, 2020. This regulation primarily addresses...more

Getting The Deal Through - Cloud Computing 2020

BCLP on 11/21/2019

What kinds of cloud computing transactions take place in your jurisdiction? As a G7 economy with mature IT and related services markets, the UK is one of the most important global markets for cloud computing. According to...more

Department of Defense Unifies Compliance Standards, May Reimburse Contractors for Costs

Harris Beach PLLC on 7/23/2019

The Department of Defense (DoD) will establish uniform cybersecurity compliance standards for its defense contractors; and may permit contractors to treat as allowable, and therefore reimbursable, the costs of bringing their...more

Privacy Report: FTC Takes Action Against Companies Falsely Claiming Compliance With International Privacy Agreements

ArentFox Schiff on 7/16/2019

Federal US News - FTC Takes Action Against Companies Falsely Claiming Compliance With International Privacy Agreements - The FTC reached a settlement with a background screening company over allegations it falsely claimed...more

DoD Issues New Guidance to Drive Compliance with NIST 800-171 Cybersecurity Requirements

White and Williams LLP on 5/3/2018

Is this a Start of Something New for Third-Party Management? The demand for responsible cybersecurity in business is ubiquitous. The need to protect information is not limited to the financial services, insurance and...more

Data Privacy + Cybersecurity Insider - March 2018 #5

Robinson & Cole LLP on 3/30/2018

Power Company Fined for Contractor Copying Data to its Own Insecure Network - Vendor management continues to be a problem for all industries, but some are scarier than others. The North American Electric Reliability Corp....more

New York State Department of Financial Services Cybersecurity Regulation Poised to Reshape Existing Regulatory Landscape

Sheppard Mullin Richter & Hampton LLP on 2/1/2017

In late December, New York State’s Department of Financial Services (“DFS”) released its revised proposed cybersecurity regulation (the “DFS Rule”). While the revisions pare back some of the DFS Rule’s original requirements...more

Financial Industry Groups Criticize New York Department of Financial Services Cybersecurity Proposal

Proskauer on Privacy on 12/23/2016

As we previously reported, in September 2016 the New York Department of Financial Services (the “DFS”) proposed a regulation that would require banks, insurance companies and other financial services institutions regulated by...more

"Privacy & Cybersecurity Update - November 2016"

Skadden, Arps, Slate, Meagher & Flom LLP on 12/2/2016

In this month's Privacy & Cybersecurity Update, we review an 11th Circuit case involving the longstanding battle between the FTC and medical company LabMD, recent NIST guidelines for securing devices connected to the...more

FFIEC Releases Answers To FAQs About Cybersecurity Assessment Tool

King & Spalding on 10/25/2016

On October 17, 2016, the Federal Financial Institutions Examination Council (“FFIEC” or the “Council”) released a set of answers to frequently asked questions about its cybersecurity assessment tool (the “CAT”). The FFIEC, an...more

NAIC Releases Draft of Revised Insurance Data Security Model Law for Review

Robinson+Cole Property Insurance Coverage... on 9/7/2016

The National Association of Insurance Commissioners’ (NAIC) Cybersecurity Task Force released a revised draft of the Insurance Data Security Model Law (Model Law) last week. The Model Law’s goal is to “establish exclusive...more

NAIC Released Revised Insurance Data Security Model Law Draft For Review

Robinson+Cole Data Privacy + Security Insider on 9/2/2016

The National Association of Insurance Commissioners (NAIC) Cybersecurity Task Force released a revised draft of the Insurance Data Security Model Law (Model Law) last week. The Model Law’s goal is to “establish exclusive...more

NIST seeks comments on Privacy-Enhanced Identity Brokers project document

Robinson+Cole Data Privacy + Security Insider on 11/2/2015

The National Cybersecurity Center of Excellence, in partnership with the National Strategy for Trusted Identities in Cyberspace National Program Office, have launched a project designed to embed privacy and security measures...more

CFTC Approves NFA Interpretive Notice on Information Systems Security Programs, Including Cybersecurity Guidance

Foley Hoag LLP - Security, Privacy and the... on 10/30/2015

The CFTC recently approved the National Futures Association’s interpretive notice (the “Cybersecurity Notice”) on the general requirements that members should implement for their information systems security programs...more

Cybersecurity Update: National Futures Association Proposes Cybersecurity Guidance Setting Forth General Requirements for Member...

K&L Gates LLP on 9/10/2015

The National Futures Association (“NFA”) submitted to the Commodity Futures Trading Commission (“CFTC”) on August 28, 2015 a proposed Interpretive Notice (“Proposed Guidance”) for CFTC’s approval, which provides guidance to...more

Report Highlights Bank Vendor Cybersecurity Vulnerabilities

WilmerHale on 4/14/2015

On April 9, the New York State Department of Financial Services (NYDFS) released a report on bank vendor cybersecurity that highlights the risk that hackers will use third-party service providers to gain access to bank data....more

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