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FTC Delays Effective Date of Certain Changes to the Safeguard Rule

November 17, 2022 By Kathleen Benway and Hyun Jai Oh

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 […]

Filed Under: Cybersecurity, Data Protection, FTC, Uncategorized Tagged With: Data Protection, Federal Trade Commission (FTC)

FTC Takes Action Against Ed Tech Provider for Failure to Secure Student’s Personal Information

November 3, 2022 By Kim Peretti, Kate Hanniford, Alysa Austin and Lance Taubin

On October 31, 2022, the Federal Trade Commission (FTC) announced it has taken action against education technology provider Chegg Inc. (“Chegg”) for its “careless” cybersecurity practices that exposed sensitive personal information of millions of its customers and employees.  This action highlights the FTC’s continued efforts to aggressively protect consumer personal data. The FTC’s complaint alleges […]

Filed Under: Data Breach, FTC

Recent FTC Order Has Implications for Executive Liability and Corporate Data Minimization Practices

October 28, 2022 By Kim Peretti, Alysa Austin and Kristen Bartolotta

On October 24, 2022, the Federal Trade Commission (“FTC”) announced a proposed consent order against both Drizly LLC, an online marketplace for alcohol delivery, and its CEO over the company’s alleged security failures that led to a data breach in 2020, which exposed the personal information of approximately 2.5 million Drizly customers. Drizly and its […]

Filed Under: Cybersecurity, Data Breach, Data Protection, Data Security, Enforcement, FTC Tagged With: cybersecurity, Data Protection, Federal Trade Commission (FTC)

CSBS Releases Cybersecurity Programs to Help Nonbank Financial Services Institutions Improve Cybersecurity Posture

September 28, 2022 By Ross Speier, Kim Peretti, Nanci Weissgold and Lance Taubin

On August 9, 2022, the Conference of State Bank Supervisors (CSBS) released two cybersecurity tools for nonbank financial services institutions to help prepare for state cybersecurity exams and, ultimately, improve cybersecurity maturity. Developed by a multi-state team of cybersecurity examination experts, the Baseline Nonbank Cybersecurity Exam Program and the Enhanced Nonbank Cybersecurity Exam Program (the […]

Filed Under: Financial Privacy, FTC, NYDFS

FTC Issues Advance Notice of Proposed Rulemaking on Commercial Surveillance and Data Security

August 25, 2022 By Dorian Simmons

On August 22, 2022, the Federal Trade Commission (FTC) published its advance notice of proposed rulemaking (ANPR) to request public comment on commercial surveillance and data security practices. The ANPR comes at the same time as Congress is considering the federal American Data Privacy and Protection Act (ADPPA). The FTC seeks public comment on a […]

Filed Under: Cybersecurity, Data Protection, Data Security, Enforcement, ePrivacy, FTC, Online Privacy, Privacy, Regulation Tagged With: Federal Trade Commission (FTC), Notice of Proposed Rulemaking

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