On May 23, 2023, the European Commission together with ASEAN (the Association of Southeast Asian Nations) published guidance that identifies commonalities and differences between the EU Standard Contractual Clauses for international data transfers (“SCCs”), and ASEAN’s Model Contractual Clauses (“MCCs”), to assist companies with their efforts to comply with data transfer rules in both regions […]
Board Governance & Cyber Risk Management
NYDFS Penalizes bitFlyer $1.2 Million for Violations to Cybersecurity Regulation
On May 1, 2023, bitFlyer USA, Inc. (“bitFlyer”) entered into a Consent Order with the New York Department of Financial Services (“DFS”) for multiple deficiencies in bitFlyer’s cybersecurity program, most notably for failure to conduct periodic risk assessments to sufficiently inform the design of bitFlyer’s cybersecurity program (as required by 23 NYCRR § 500.09(a)). BitFlyer […]
International Data Transfers: Lessons from the EDPB’s “101 Task Force”
In August 2020, privacy activist organization NOYB – European Center for Digital Rights filed 101 complaints with the EU Supervisory Authorities (‘SAs’) in connection with the transfer of personal data from Europe to the U.S., by companies that had implemented “Google Analytics” and “Facebook Business Tools” on their websites. Following these complaints, the European Data […]
The EU Supervisory Authorities’ Coordinated Enforcement Action in the EU: This Year It’s All About DPOs
On March 15, 2023, the European Data Protection Board (“EDPB”) – the body through which the EU Member States’ Supervisory Authorities cooperate – along with 26 EU Supervisory Authorities officially launched a “coordinated enforcement action”, focusing on the designation of Data Protection Officers (“DPOs”) under the EU GDPR, and the position that DPOs hold in […]
New NAIC Consumer Privacy Model Law Proposed for Insurers
The National Association of Insurance Commissioners (NAIC) Privacy Protections Working Group (the “Working Group”) released Insurance Consumer Privacy Protection Model Law #674 (“Model 674”) for comment on February 1, 2023. Model 674 is intended to modernize and replace the Insurance Information and Privacy Protection Model Act #670 (“Model 670”) and the Privacy of Consumer Financial […]