News & Analysis as of

Data Security Data Storage Providers Data Protection

Sheppard Mullin Richter & Hampton LLP

SEC Issues Alert On Outsourcing and Data Security

The SEC recently issued a risk alert warning about using vendors and cloud-based platforms. Many broker dealers and investment advisors are turning to these third parties to store customer data. In its alert, the SEC’s Office...more

Kilpatrick

Cloud Storage and Use of Vendors for Records Management Flagged by OCIE in Alert

Kilpatrick on

Regulations regarding privacy, cybersecurity and the use of technology seem to be in constant flux. Compliance consultants and vendors do their best to stay on top of them, but ultimately neither are regulated by the SEC,...more

Akin Gump Strauss Hauer & Feld LLP

SEC OCIE Issues Guidance on Advisors’ and Broker-Dealers’ Cloud-Based and Other Network Storage of Customer Data

• On May 23, 2019, the Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert describing its observations in past examinations of weaknesses and best practices...more

Faegre Drinker Biddle & Reath LLP

U.S. Securities and Exchange Commission Issues Risk Alert Regarding Safeguarding Customer Records and Information Stored on...

On May 23, 2019, the United States Securities and Exchange Commission (“SEC”)’s Office of Compliance Inspections and Examinations (“OCIE”) issued a Risk Alert entitled “Safeguarding Customer Records and Information in Network...more

Fisher Phillips

New Jersey’s Anticipated Expansion of Data Breach & Privacy Laws

Fisher Phillips on

An amendment to New Jersey’s data breach notification requirements of the Consumer Fraud Act is currently awaiting signature by State Governor Phil Murphy. The bill, Assembly No. 3245, was recently passed by both the New...more

Holland & Knight LLP

President, Congress Expedite Efforts to Establish a Federal Consumer Privacy Standard - Industry Working to Create a More Uniform...

Holland & Knight LLP on

• The Trump Administration recently announced plans to establish U.S. consumer privacy standards in response to a series of high-profile privacy breaches. • Two federal agencies – National Institute of Standards and...more

Winstead PC

Is it HIPAA or HIPPA? Either way, it still applies.

Winstead PC on

I have negotiated hundreds of SaaS agreements for dozens of software companies and I always hated when the company on the other side was a healthcare provider. Invariably, they would bring up Protected Health Information...more

King & Spalding

California Considers Rules For Data Security, Geolocation ­

King & Spalding on

On Wednesday, August 24, the California state senate (the “Senate”) took action on a bill that would expand the definition of protected personal consumer data to include geolocation and biometric information while also...more

Robinson+Cole Data Privacy + Security Insider

Systema Software exposes information of 1.5 million on Amazon Web Service

Systema Software, which provides software solutions for claims management, is investigating a breach (although it was discovered, accessed and confirmed by an independent third party) involving information of 1.5 million...more

Morrison & Foerster LLP

The Russian Data Protection Authority, Roskomnadzor, Enforces New Russian Data Localization Law

On September 9, 2015, the Federal Service for Supervision of Communications, Information Technology and Mass Communications (the “Roskomnadzor”) reported on its website that it blocked an extensive online database of more...more

K&L Gates LLP

Internet of Things – What does it mean for business?

K&L Gates LLP on

What is the Internet of Things? The 'Internet of Things' (IoT) is a catchphrase describing the increasing interconnectedness between smart devices and sensors facilitated through their connection to the internet. It's not a...more

K&L Gates LLP

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

K&L Gates LLP on

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

King & Spalding

Three Things In-House Counsel Needs to Know About Russia’s New Data Localization Law

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On September 1, 2015, Russia’s new law requiring data localization, Russian Federal Law No. 242-FZ (“Russia’s Data Localization Law”) became effective. Although Russia’s Data Localization Law makes multiple changes to...more

Proskauer - Privacy & Cybersecurity

A Primer on Russia’s New Data Localization Law

Privacy and data security professionals worldwide should circle September 1 on their calendars, as it’s the day Russia’s new data localization law goes into effect – and possibly generates major waves far beyond Russian...more

Polsinelli

Cybersecurity for Startups Now a Cost of Entry for Consideration by Larger Clients: What is Your Company's Plan?

Polsinelli on

For technology startups, maintaining strong security controls remains vital to winning new business opportunities and strengthening existing relationships. Despite the global spike in cybersecurity attacks (there were 42.8...more

King & Spalding

Russian Government Considering Delaying Data Localization Law

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A controversial data localization law in Russia that would require businesses to perform data storage and processing with servers located on Russian soil is set to go into effect on September 1, 2015, after an amendment...more

Robins Kaplan LLP

Trade Secrets, Security, and Cloud Computing: Best Practices Now

Robins Kaplan LLP on

As businesses increasingly store and access confidential information in the cloud, questions arise as to how to safeguard a company’s private data once it becomes part of an external computing network. Standards for...more

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