On February 9, 2024, the California state court of appeals mandated a trial court to vacate its order and judgment prohibiting the California Privacy Protection Agency (the “Agency”) from enforcing the California Privacy Rights Act regulations (the “CPRA Regulations”) until March 29, 2024. The Agency will be able to enforce the CPRA Regulations upon the […]
Board Governance & Cyber Risk Management
National Cyber Security Centre Forecasts Upcoming Cyber Threats with AI Use for Attacks
On January 24, 2024, the U.K.’s National Cyber Security Centre (NCSC) released a new report, The near-term impact of AI on the cyber threat, detailing how Artificial Intelligence (AI) will impact the effectiveness of cyber operations for 2025 and beyond. According to the report, threat actors are already using AI in cyber attacks and the […]
NYDFS Releases Industry Letter on the Use of Self-Service Password Reset Feature
On January 12, 2024, the New York State Department of Financial Services (“NYDFS”) released a new Industry Letter on the use of self-service password reset (“SSPR”) services, which enable users to reset their own password without the assistance of help desk or IT professionals. The Industry Letter discusses the risks associated with the use of […]
NY AG’s Office Announces Significant Cybersecurity Settlement with Healthcare Company
On January 5, 2024, the New York Attorney General’s Office (“NY AG”) announced a settlement with Refuah Health Center, Inc. (“Refuah”) based on the company’s alleged failures to appropriately safeguard its patients’ information, including failing to encrypt patient information or use multifactor authentication, which allegedly resulted in a May 2021 ransomware attack that impacted approximately […]
Colorado AG Recognizes Global Privacy Control as the First Valid Universal Opt-Out Mechanism
On December 29, 2023, the Colorado Attorney General (the “AG”) announced that the Global Privacy Control (“GPC”) will become the first universal opt-out mechanism (“UOOM”) the AG considers valid under the Colorado Privacy Act (the “CPA”). Effective July 1, 2024, controllers subject to the CPA will need to treat Colorado consumers’ privacy preferences submitted through […]