On October 13, 2020, state financial regulators in partnership with the Bankers Electronic Crimes Taskforce and the U.S. Secret Service, released the Ransomware Self-Assessment Tool (R-SAT) to help financial institutions mitigate the risks of … [Read more] about State Financial Regulators Issue Ransomware Mitigation Tool
On October 12, 2020, the California Department of Justice (“Department”) released its first set of proposed post-finalization modifications to the California Consumer Privacy Act Regulations (the “CCPA Regulations”). As many businesses know, the … [Read more] about California Department of Justice Releases Post-Finalization Modifications to CCPA Regulations
On October 7, 2020, an organization named Global Privacy Control (“GPC”) issued a press release announcing an initiative to make a new “global privacy control” available to consumers as contemplated by the CCPA Regulations. As analyzed in prior … [Read more] about New Privacy Browser Extension Released under CCPA Global Do Not Sell Rules
With an increase in the frequency, sophistication, and cost of ransomware attacks, the Financial Crimes Enforcement Network (FinCEN) issued an advisory on October 1, 2020 alerting financial institutions to ransomware trends and typologies, and … [Read more] about FinCEN Alerts Financial Institutions on Role in Facilitating Ransomware Attacks
Yesterday, October 1, 2020, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued its “Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments." The advisory begins with the observation that … [Read more] about OFAC Ransomware Advisory Warns Companies of Potential Civil Liability