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Regulation

Executive Order Details Cybersecurity Changes For Public And Private Sector

May 13, 2021 By Privacy, Cyber & Data Strategy Team

In a lengthy Executive Order issued on May 12, 2021 (the “Order”), the Biden Administration has taken steps “to make bold changes and significant investments” in both public and private sector cybersecurity “in order to defend the vital institutions that underpin the American way of life.” The full scope of the Order remains to be […]

Filed Under: Cybersecurity, Data Security, Regulation

NYDFS Announces Cybersecurity Settlement, Addresses Multi-Factor Authentication Rules

April 16, 2021 By Privacy, Cyber & Data Strategy Team

On April 14, 2021, the New York Department of Financial Services (“NYDFS”) announced a settlement with National Securities Corporation (“National Securities”), a licensed insurer, in connection with claims under the NYDFS Cybersecurity Regulation (23 NYCRR Part 500). The consent order requires payment of a $3M penalty and mandatory remediation in response to alleged failures to […]

Filed Under: Cybersecurity, Data Breach, Data Protection, Data Security, Digital Crimes, Enforcement, Financial Privacy, Insurance Data Security, NYDFS, Regulation

NYDFS Reports Major Cybersecurity Settlement

March 11, 2021 By James Harvey and Privacy, Cyber & Data Strategy Team

In early March, the New York Department of Financial Services (NYDFS) announced a settlement involving a $1.5M penalty and mandatory remediation in response to a mortgage lender’s alleged failure to report a cyber breach, and other alleged cybersecurity failures. This enforcement action marks the second public enforcement action under 23 NYCRR Part 500 (the “Cybersecurity […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Breach, Data Breach Litigation, Data Protection, Data Security, Digital Crimes, Enforcement, Financial Privacy, NYDFS, Regulation, Security Breach

President Biden Issues Executive Order on America’s Supply Chains

February 28, 2021 By Privacy, Cyber & Data Strategy Team

On February 24, 2021, President Biden announced a new Executive Order on America’s Supply Chains. The Order provides for two key initiatives, including a 100-day review of the supply chains for certain vital products and a long-term review of supply chains in six different sectors of the U.S. economy, including the information and communications technology […]

Filed Under: Cyber Risk, National Security, Regulation Tagged With: Executive Order, SolarWinds, Supply Chain

European Commission Adopts Draft UK Adequacy Decision

February 23, 2021 By Paul Greaves and Wim Nauwelaerts

On February 19, 2021, the European Commission adopted a draft ‘adequacy decision’ in favor of the UK. The adoption of the draft adequacy decision marks the first step in ensuring the continued free flow of personal data from EEA countries to the UK under the EU GDPR. Once (and if) the final adequacy decision is […]

Filed Under: Data Protection, International, Privacy, Regulation Tagged With: Adequacy, Brexit, European Union (EU), GDPR, United Kingdom

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Recent Posts

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