The National Association of Insurance Commissioners (NAIC) Cybersecurity Task Force adopted Principles for Effective Cybersecurity Insurance Regulatory Guidance on April 16, 2015. The document identifies types of safeguards regulators expect insurers to have in place to protect consumers from cybersecurity breaches. The guiding principles are intended to establish insurance regulatory guidance that promotes coordination and […]
SEC Confirms Plans To Issue New Cybersecurity Disclosure Rules
According to Smeeta Ramarathnam, Chief of Staff to SEC Commissioner Luis Aguilar, the SEC is currently engaging in a comprehensive re-work of its investor disclosure rules, including with respect to rules bearing on cybersecurity incident disclosure. The SEC, which is formally tasked with overseeing issues that concern market integrity and disclosure of material information, revealed […]
HHS Issues Guidance on HIPAA and Workplace Wellness Programs
On Thursday, April 16, 2015, the Office for Civil Rights (OCR) of the U.S. Department of Health and Human Services (HHS) issued guidance, consisting of two frequently asked questions (FAQs), on the application of the HIPAA Privacy, Security, and Breach Notification Rules to workplace wellness programs. HHS explains in one of the FAQs that the […]
FTC Proposes Settlement with Two Companies Over False Safe-Harbor Claims
On April 7, 2015, two U.S. companies agreed to settle Federal Trade Commission (“FTC”) allegations that they falsely claimed to be in compliance with the U.S.-EU Safe Harbor Framework and the U.S.-Swiss Safe Harbor Framework. In the concurrently filed complaints against TES Franchising, LLC (“TES”), a franchisee coaching business, and American International Mailing, a mail […]
PCI-DSS Standard Updated To Address SSL Vulnerabilities
On April 15, 2015, the Payment Card Industry Security Standards Council (PCI-SSC) updated the PCI Data Security Standard (PCI-DSS) from version 3.0 to version 3.1. The new version is effective immediately. PCI DSS Version 3.0 will be retired on June 30, 2015. A summary of the changes, along with the updated standard, can be found […]