Companies relying on the SCCs as a data transfer tool have less than a month to update their existing contracts (if they haven’t done so already). WHAT HAPPENED? The EU General Data Protection Regulation (GDPR) allows companies that want to transfer personal data protected by the GDPR to third countries outside the EU/EEA to do […]
Data Protection
NYDFS Releases Significant Enhancements to its Cybersecurity Regulation in the Proposed Second Amendment
The New York Department of Financial Services (“DFS”) released their proposed second amendment to the Cybersecurity Regulation, 23 NYCRR Part 500 (“Proposed Second Amendment”) on October 9, 2022. DFS issued a minor amendment on April 2, 2020, revising the certification of compliance date (from February to April). The Proposed Second Amendment follows DFS’s “pre-proposed” draft […]
FTC Delays Effective Date of Certain Changes to the Safeguard Rule
On November 15, 2022, the Federal Trade Commission (FTC) announced that it is delaying the effective date of certain changes to the Gramm–Leach–Bliley Safeguards Rule. The Safeguards Rule, which first became operative in 2003, imposes certain security requirements on non-banking financial institutions. The FTC amended the Rule in December 2021, and several provisions under the […]
European Parliament Adopts “NIS2” Cybersecurity Directive
On November 10, 2022, the European Parliament adopted a new cybersecurity directive (the “NIS2 Directive”), which is designed to replace and repeal the existing EU Directive on the Security of Network and Information Systems (Directive 2016/1148/EC) (the “NIS Directive”). The objective of the NIS2 Directive is to achieve a higher level of cybersecurity within the EU […]
California Privacy Protection Agency Issues Notice of Modifications to Proposed CPRA Regulations
On November 3, 2022, the California Privacy Protection Agency (“CPPA”) issued a notice of modifications to the Proposed Regulations implementing the California Privacy Rights Act (“CPRA”). These proposed modifications come in response to public comments on, and are meant to clarify, previously issued modifications. The modifications, which are largely based on the Modified Proposed Regulations […]