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Financial Regulatory Agencies Announce Proposed Rule Requiring Notice of Computer Security Incidents

January 12, 2021 By Kimberly Peretti, Emily Poole and Michael Young

On December 18, 2020, federal financial regulatory agencies jointly announced a proposed rule that would impose new and expanded reporting requirements on supervised banking organizations that experience a “computer-security incident,” requiring … [Read more] about Financial Regulatory Agencies Announce Proposed Rule Requiring Notice of Computer Security Incidents

Filed Under: Cybercrime, Cybersecurity, Data Security, Enforcement, NYDFS Tagged With: Bank Secrecy Act (BSA), Board of Governors of the Federal Reserve System, Computer-Security Incident, FDIC, Gramm-Leach-Bliley Act (GLBA), Notice of Proposed Rulemaking, Office of the Comptroller of the Currency (OCC), Suspicious Activity Report (SAR)

Brexit Trade Agreement Provides a Temporary Solution for Companies Transferring Personal Data from the EEA to the UK

January 6, 2021 By Paul Greaves and Wim Nauwelaerts

On December 24, 2020, the EU and the UK reached an agreement on the terms of their future cooperation following the end of the Brexit Transition Period (i.e., following 31 December 2020). The EU-UK Trade and Cooperation Agreement (the ‘Agreement’) … [Read more] about Brexit Trade Agreement Provides a Temporary Solution for Companies Transferring Personal Data from the EEA to the UK

Filed Under: Data Protection, GDPR, Privacy Tagged With: Adequacy, Brexit, Cross-border, EU Data Protection, EU Privacy, European Union (EU)

UK ICO Publishes New Data Sharing Code

December 21, 2020 By Paul Greaves and Wim Nauwelaerts

ribbons of data

On December 17, 2020, the UK Information Commissioner’s Office (‘ICO’) published its Data Sharing Code of Practice (the ‘Code’) following a public consultation which commenced in 2019. The Code focuses mainly on data sharing among data controllers … [Read more] about UK ICO Publishes New Data Sharing Code

Filed Under: GDPR Tagged With: UK Data Protection Act (DPA)

SolarWinds Hack: Unparalleled Supply Chain Attack Results in Potential Compromise of Private and Public Sector Organizations

December 17, 2020 By Emily Poole and Kimberly Peretti

On Sunday, December 13, 2020, SolarWinds announced that it had learned of a “highly sophisticated, manual supply chain attack” by a nation state affecting its Orion Platform, which is used by a wide variety of public and private sector organizations … [Read more] about SolarWinds Hack: Unparalleled Supply Chain Attack Results in Potential Compromise of Private and Public Sector Organizations

Filed Under: Cybercrime, Cybersecurity, Data Breach, Data Security, Digital Crimes, National Security, Security Breach Tagged With: CISA, Cozy Bear, Department of Commerce (DOC), Federal Bureau of Investigation (FBI), FireEye, Microsoft, ODNI, Russia, SolarWinds, supply chain attack, Treasury

Peter Swire Testifies on Future of Transatlantic Data Flows

December 14, 2020 By Nameir Abbas

Peter Swire, Senior Counsel, Alston & Bird, Elizabeth and Tommy Holder Chair of Law and Ethics, Georgia Tech Scheller College of Business, and Research Director, Cross-Border Data Forum, recently testified before the U.S. Senate Committee on … [Read more] about Peter Swire Testifies on Future of Transatlantic Data Flows

Filed Under: Uncategorized Tagged With: EU Data Protection, Max Schrems decision

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