The Securities and Exchange Commission (SEC) recently announced the withdrawal of several Biden-era regulations, including a proposed rule that would have required a broad range of platforms and financial intermediaries (such as broker-dealers, clearing agencies, national securities exchanges, and transfer agents) to adopt policies and procedures that address cybersecurity risks. The proposed rule also would […]
Enforcement
Inside the SK Telecom Data Breach: What Happened and What Companies Can Learn
In April 2025, SK Telecom—South Korea’s largest mobile carrier—formally notified regulators of a significant data breach that compromised sensitive SIM card data belonging to nearly 27 million users. Following an investigation, the Ministry of Science and ICT and the Korea Internet & Security Agency (KISA) concluded in July 2025 that SK Telecom was negligent in […]
2025 State Cybersecurity Legislation Focuses on Financial Services
Eight years ago, on March 1, 2017, the New York Department of Financial Services enacted its landmark cybersecurity regulation covering financial services companies, 23 NYCRR Part 500, known as “Part 500.” Part 500 was the first state regulation to enumerate, in great detail, the elements of a cybersecurity program that a covered financial service company […]
State Regulators Form Privacy Law Implementation and Enforcement Group
Eight state regulators have established a coalition called the Consortium of Privacy Regulators to collaborate on the implementation and enforcement of their privacy laws. According to announcements from the California Privacy Protection Agency (“CPPA”) and California Attorney General Rob Bonta, the Consortium aims to coordinate enforcement efforts, share priorities, and discuss developments in privacy law. […]
Key Takeaways from CPPA’s Recent Settlement with an Automotive Manufacturer for Alleged CCPA Violations
On March 12, 2025, the California Privacy Protection Agency (CPPA) published its decision approving a Stipulated Final Order (Order) against a major automotive manufacturer (company) for violations of the California Consumer Privacy Act (CCPA). The Order requires the company to pay a $632,500 fine and implement several changes to its data handling practices. These changes […]