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Enforcement

SEC Proposed Rule Will Require Private Funds to Report Certain Cyber Events

January 31, 2022 By Kate Hanniford and Alysa Austin

On January 26, 2022, the U.S. Securities and Exchange Commission (SEC) proposed new rules to enhance hedge fund and private fund disclosure requirements and increase regulators’ visibility into the private funds industry. The proposed rules would amend the SEC’s Form PF, the confidential reporting form by which private funds disclose regulatory assets to the SEC, […]

Filed Under: Cyber Risk, Cybersecurity, Enforcement Tagged With: Cybersecurity, Notice of Proposed Rulemaking, SEC

Belgian Data Protection Authority Fines Bank for DPO’s Conflicting Roles

January 31, 2022 By Wim Nauwelaerts and Privacy, Cyber & Data Strategy Team

In a decision of December 16, 2021, the Belgian Data Protection Authority (“DPA”) imposed a EUR 75,000 administrative fine on a bank located in Belgium for failure to comply with the requirement in Article 38.6 of the General Data Protection Regulation (“GDPR”) that the tasks and duties of the Data Protection Officer (“DPO”) must not […]

Filed Under: Data Protection, Enforcement, International, Privacy

Russia Arrests Suspected Members of REvil Ransomware Gang

January 19, 2022 By Kellen Dwyer and Kim Peretti

Russia’s Federal Security Service (“FSB”) issued a press release on January 14, 2022 claiming that it dismantled the REvil ransomware gang by arresting 14 suspected members and seizing computer equipment, luxury vehicles, bitcoin, and fiat currency valued at over $1 million. REvil is a notorious cybercriminal organization that claimed responsibility for a ransomware attack last […]

Filed Under: Cybercrime, Enforcement, International, Russia Tagged With: Cross-border, Enforcement, Ransomware, Russia

EDPB Issues New Guidance for Assessing Personal Data Breaches under the EU GDPR

January 10, 2022 By Paul Greaves and Wim Nauwelaerts

On Monday, 3 January 2022, the European Data Protection Board (“EDPB”) published the finalized version of its regulatory guidance entitled “Examples regarding Personal Data Breach Notification” (the “Guidelines”), following a public consultation on a draft set of guidelines in 2021. The finalized Guidelines are a practice-oriented, and case-based set of examples that leverage the experiences […]

Filed Under: Cybersecurity, Data Breach, Data Protection, Data Security, Enforcement, Privacy Tagged With: Data Breach Notification, Data Protection, EU Data Protection, EU Privacy, EU Regulation, European Union (EU), Regulatory Enforcement

FTC Releases Warning to Companies that Fail to Mitigate Log4j Vulnerability

January 5, 2022 By Alysa Austin and Privacy, Cyber & Data Strategy Team

Less than a month ago, a critical vulnerability was identified in the ubiquitous, open source Log4j tool prompting swift guidance from Cybersecurity and Infrastructure Security Agency (CISA) and other security practitioners.  Now, the Federal Trade Commission (FTC) has warned companies that it “intends to use its full legal authority” against any company that fails to […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Enforcement, FTC Tagged With: Cybersecurity, Log4j, Vulnerability

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Recent Posts

  • CPPA Publishes Revised Cybersecurity Audit Regulations in Advance of Board Meeting
  • Colorado AG Publishes Shortlist of Universal Opt-Out Mechanisms
  • Ransomware Group, in Midst of Extortion Attempt, Files Regulatory Notice with SEC
  • FTC Approves New Data Breach Notification Requirement for Non-Banking Financial Institutions
  • China Releases Major Changes in its Draft Regulations on Cross-border Data Flows
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