Cybersecurity

How Cybersecurity Frameworks Can Protect Your Organization (Even in the Event of a Breach)

It’s certainly no secret how damaging data breaches can be for organizations today. And if lost revenue and a tarnished reputation aren’t enough to make you want to act, your organization could face punitive damages if you fail to protect your customers’ private information. Yes, that’s right—steep fines imposed by regulatory agencies can await those…
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SEC

SEC Doubles Down on Safeguards Rule Enforcement

The Securities and Exchange Commission issued sanctions against three financial services companies last week. The sanctions came in response to a series of email-takeover attacks in which Personally Identifiable Information (PII) was exposed.  In each case, the SEC found that the firms failed to implement proper cybersecurity measures against breaches. Each firm was found responsible…
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CCPA

CCPA Enforcement is Picking Up. Are you Ready?

Although the California Consumer Privacy Act (“CCPA”) has been in effect since January 1, 2020 and subject to enforcement since July 1, 2020, it seemed until recently that compliance had been somewhat spotty. Well, it’s time to wake from your compliance slumbers and start paying attention because California’s new Attorney General (“AG”) Rob Bonta has…
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Securities Exchange Commission

Switzerland and United Kingdom Issue Guidance for Data Transfers to SEC 

Businesses and organizations registered with the U.S. Securities and Exchange Commission are often required to share personally identifiable information (PII) with the regulatory body.  But for entities that have operations outside of the U.S., complying with SEC requests has created a legal conundrum since the European Court of Justice’s Schrems 2.0 ruling–which invalidated the EU-U.S.…
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Privacy Laws

Uniform Law Commission Approves Template for State Privacy Laws 

Last month, the Uniform Law Commission (ULC), a nonpartisan coalition of U.S. legal professionals, released a framework from which states can design privacy laws.  The framework, called the Uniform Personal Data Protection Act (UPDPA), has been in development since 2019, and governs how organizations handle U.S. citizens’ sensitive personal data. The framework, or model bill,…
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Consumer Data

Deleting Data: A Guide

Of the many consumer rights established by the ever-expanding crop of data privacy legislation, the right to deletion is one of the ones you’ll see the most. Although different laws may have slightly different variations of the right, the general sentiment remains consistent – consumers have the right to have their personal data deleted from…
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Data Privacy

Maryland Governor Creates Privacy Officer Roles  

Maryland Governor Larry Hogan took steps to improve his state’s data privacy practices last week.  In two executive orders, the governor established the roles of State Chief Data Officer (SCDO) and State Chief Privacy Officer (SCPO). Though the positions have not been filled yet, Maryland’s Chief Information Security Officer, Chip Stewart, told Government Technology that…
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How AI Can Help Compliance Departments Navigate Data and Cybersecurity Challenges

H5, an ediscovery technology company, recently convened a panel of experts to discuss the intersection of artificial intelligence technology, data privacy and governance. JD Supra reports that the panel featured Nia M. Jenkins, Senior Associate General Counsel, Data, Technology, Digital Health & Cybersecurity at Optum (UnitedHealth Group); Eric Pender, Engagement Manager at H5; Kimberly Pack,…
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Cfpb And Fintech

Why Fintech Companies Want to be Regulated by the CFPB

It’s unusual to see an industry making a formal request to be regulated, but that’s exactly what fintech data aggregators are asking of the Consumer Financial Protection Bureau (CFPB).  Companies like Plaid and Robinhood have reasoned that more oversight by the CFPB comes with access to more consumer data–which in turn would allow fintech companies…
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