News & Analysis as of

Gramm-Leach-Blilely Act Risk Management Data Protection

Schwabe, Williamson & Wyatt PC

Low-Budget, High-Impact Ways to Reduce Privacy and Cybersecurity Risks in 2025‎

Know What Laws Apply - Privacy and security laws, particularly in the U.S., have changed dramatically in the last few years. It’s not surprising many leaders are unsure which new laws or updated regulations apply to their...more

Jones Day

FTC Requires Non-Bank Financial Institutions to Report Data Security Breaches Under Amended Safeguards Rule

Jones Day on

On Friday, October 27, the Federal Trade Commission ("FTC") announced new amendments to the Safeguards Rule, requiring covered financial institutions to report certain data breaches to the FTC and reflecting its continuing...more

Shutts & Bowen LLP

Changes to GLBA Safeguards Rule Affect More Than Traditional Financial Institutes

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The Gramm-Leach-Bliley Act (“GLBA”) was a bi-partisan regulation passed by Congress in 1999 in an attempt to update and modernize the financial industry. One component of the GLBA, its Safeguards Rule, requires financial...more

Greenbaum, Rowe, Smith & Davis LLP

FTC’s Final Rule Expands the Safeguards Rule for Financial Institutions to Address Cybersecurity Risks and the Privacy of Consumer...

What You Should Know •The FTC has amended the Safeguards Rule for non-bank providers of financial products and services by issuing a Final Rule. •The updates are intended to enhance the security of consumer financial...more

Jackson Lewis P.C.

Data Protection And The Role Of Vendor Management

Jackson Lewis P.C. on

The SolarWinds hack highlights the critical need for organizations of all sizes to include cyber supply chain risk management as part of their information security program. It is also a reminder that privacy and security...more

Carlton Fields

Are You in Compliance With New York’s Newest Requirement to Develop, Maintain, and Implement Reasonable Safeguards to Protect New...

Carlton Fields on

The new data security requirements provision of New York’s Stop Hacks and Improve Electronic Data Security (SHIELD) Act went into full force as of March 21, 2020, and all people and businesses, regardless of the state in...more

Sands Anderson PC

New York’s New Data Security Requirements

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In the fall of last year, we wrote about the passage of the SHIELD Act (the Act) in New York, which expanded aspects of the state’s breach notification requirements (Breach Requirements) and created a statutory obligation to...more

Morgan Lewis

The CCPA and Similar State Laws – Considerations for Private Investment Funds

Morgan Lewis on

Managers of private investment funds that collect personal information are required to comply with the landmark California Consumer Privacy Act – with some exemptions. ...more

Hogan Lovells

New York State Expected to Increase Enforcement of Cybersecurity Practices

Hogan Lovells on

Companies should take note of two imminent developments in New York in the area of cybersecurity regulation: enforcement of the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Regulation) and the...more

Epstein Becker & Green

The New York State “Stop Hacks and Improve Electronic Data Security Act” (SHIELD Act) Becomes Effective March 21, 2020: Is Your...

Time is running out. The effective date of New York’s cybersecurity law mandating that organizations implement an information security program to protect “private information” of New York State residents, including employee...more

Carlton Fields

Florida’s Legislature to Consider Consumer Data Privacy Bill Akin to California’s CCPA

Carlton Fields on

Florida lawmakers have proposed data privacy legislation that, if adopted, would impose significant new obligations on companies offering a website or online service to Florida residents, including allowing consumers to “opt...more

White and Williams LLP

Employers: New York’s SHIELD Act Imposes Data Security Requirements on Companies Outside of New York, Too

White and Williams LLP on

New York’s recently enacted Stop Hacks and Improve Electronic Data Security Act (SHIELD Act) enhances data breach notification requirements and requires covered organizations to “develop, implement and maintain” a...more

Harris Beach Murtha PLLC

The Importance of Information Security Plans

In the first installation of our weekly series during National Cybersecurity Awareness Month, we examine information security plans (ISP) as part of an overall cybersecurity strategy. Regardless of the size or function of an...more

Robinson+Cole Data Privacy + Security Insider

Ohio Passes Law Providing Safe Harbor for Businesses Suffering Data Breach

The Ohio legislature recently passed S.B. 220, which gives businesses that suffer a data breach an affirmative defense against tort claims brought in class action suits....more

Ballard Spahr LLP

Proposed House Bill Would Set National Data Security Standards for Financial Services Industry

Ballard Spahr LLP on

A new bill introduced by House Financial Services subcommittee Chairman Rep. Blaine Luetkemeyer would significantly change data security and breach notification standards for the financial services and insurance industries. ...more

Ballard Spahr LLP

Proposed House Bill Would Set National Data Security Standards for Financial Services Industry

Ballard Spahr LLP on

A new bill introduced by House Financial Services subcommittee Chairman Rep. Blaine Luetkemeyer would significantly change data security and breach notification standards for the financial services and insurance industries. ...more

Snell & Wilmer

New Cybersecurity Requirements for New York Financial Companies

Snell & Wilmer on

The New York Department of Financial Services has new cybersecurity regulations “designed to promote the protection of customer information as well as the information technology systems of regulated entities [financial...more

Skadden, Arps, Slate, Meagher & Flom LLP

Privacy & Cybersecurity Update: New York State Proposes Cybersecurity Regulation for Financial Institutions

New York state has proposed a new regulation — to go into effect January 1, 2017 — that would require banks, insurance companies and other financial services institutions regulated by the New York State Department of...more

Jackson Walker

Enterprise Data Security For The Securities Lawyer

Jackson Walker on

Assuring cybersecurity has become a necessity for businesses across all industries. Cybercrime — with over $1 trillion in annual profits — is now the most lucrative illegal global business. Any business with computers and...more

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