On Monday, March 7 the Federal Trade Commission (FTC) issued a press release announcing that it had issued Orders to nine Qualified Security Assessor (QSA) companies, which are certified to assess whether or not entities involved in payment card processing, such as merchants, are compliant with the Payment Card Industry Data Security Standards (PCI DSS). […]
Regulation
Administration Seeks to Renegotiate Controversial Cybersecurity Export Control
The Obama administration will reportedly seek to renegotiate a controversial cybersecurity export control rule required to be implemented into U.S. regulations by the Commerce Department under the Wassenaar Arrangement on Export Controls for Conventional Arms and Dual-Use Goods and Technologies. The Wassenaar Arrangement is based on a multilateral agreement reached by the founding countries in […]
CFPB Brings First Enforcement Action on Data Security
On March 2, the federal Consumer Financial Protection Bureau (CFPB) for the first time brought an enforcement action related to data security. The CFPB consent order imposes a $100,000 fine and five years of regulatory oversight for online payments provider Dwolla. The action sends a clear message that the CFPB intends to actively regulate the […]
HHS Issues HIPAA Security Rule Crosswalk with NIST Cybersecurity Framework
Last week, the HHS Office for Civil Rights (OCR) released a crosswalk between the requirements of the HIPAA Security Rule and the NIST Cybersecurity Framework. The crosswalk – which was developed in conjunction with the National Institute of Standards and Technology (NIST) and the HHS Office of the National Coordinator for Health IT – maps each […]
SEC Continues to Focus on Cyber-related Disclosures
Participating in a panel at the “SEC Speaks” event on February 19, Deputy Director of the SEC’s Enforcement Division Stephanie Avakian expressed that the Commission continues to focus on cybersecurity as a top priority in 2016. Avakian discussed the Commission’s cybersecurity concerns in three contexts: (1) failure of registered entities to follow Rule 30(a) of […]