News Alerts and Breach Report for May 26, 2022

NAAG Launches Cybersecurity Resource Center Last week the National Association of Attorneys General (NAAG) announced a new initiative focused on cybersecurity. The NAAG Center on Cyber and Technology (CyTech) joins other NAAG centers focused on key public interests, and will…

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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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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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