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). […]
Privacy & Cyber Regulatory Enforcement
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 […]
WP 29 Issues Statement on EU-U.S. Privacy Shield
On the same day that the European Commission debuted the EU-U.S. Privacy Shield, the Article 29 Working Party (WP29) issued a statement welcoming the publication of the draft “adequacy decision” of the European Commission as well as the legal texts that constitute the Privacy Shield arrangement. In accordance with its mission, WP29 said that it would […]
European Commission Debuts EU-U.S. Privacy Shield
In a development eagerly anticipated by businesses on both sides of the Atlantic, the European Commission has published the legal instruments needed to put in place the “EU-U.S. Privacy Shield” for transfers of personal data from Europe to the United States. The issued documents include a draft adequacy decision by the Commission finding that the […]