On February 10, 2020, the U.S. Department of Justice announced charges against four members of China’s People’s Liberation Army (“PLA”) for their alleged involvement in the 2017 Equifax hack that resulted in the theft of the personal information of 145 million Americans. In the nine-count indictment, the four individuals, Wu Zhiyong, Wang Qian, Xu Ke, […]
Board Governance & Cyber Risk Management
SEC Releases Detailed Set of “Cybersecurity and Resiliency Observations”
On January 28, 2020, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) released a detailed set of observations culled from thousands of examinations of registered investment advisers, broker-dealers, clearing agencies, national exchanges, and other SEC registrants (“Observations”). These Observations represent the most detailed compilation of strategies and tools that OCIE has observed to promote […]
UK ICO publishes the final version of its Age Appropriate Design Code
On January 21, 2020, the UK ICO published the final version of its Age Appropriate Design Code (the “Design Code”), which sets out 15 standards that online services should meet to protect children’s privacy. The Design Code is not only applicable to online services squarely aimed at children, but also covers online services likely to […]
NIST Publishes Privacy Framework Version 1.0
On January 16, 2020, the National Institute of Standards and Technology (“NIST”) published Version 1.0 of its Privacy Framework: A Tool for Improving Privacy through Enterprise Risk Management (“Privacy Framework”). A draft version was initially published for public comment on September 6, 2019. The new Privacy Framework is designed to support organizations in building customer’s […]
French CNIL Launches Public Consultation on Cookie Consent Recommendations
On January 14, 2020, the French data protection authority (CNIL) launched a public consultation on its draft recommendations for the collection of consent in the context of cookies and other tracking technologies (the ‘draft Recommendations’). Under EU ePrivacy rules, such technologies generally may not be placed on – or accessed from – users’ devices without […]