On August 29, 2016, the FTC announced it is seeking public comment on its Safeguards Rule as part of a systematic review of all FTC rules and guides. The Safeguards Rule came into force in 2003 after the Gramm-Leach-Bliley Act (GLBA) required that the FTC and other agencies establish administrative, technical, and physical information security […]
Search Results for: Cybersecurity Regulation
European Council Adopts the Network and Information Security Directive
On May 17, 2016, the European Council formally adopted its position at first reading of the Network and Information Security Directive (“NIS Directive”). The objective of the NIS Directive is to increase cooperation between EU Member States on issues of network and information security. Companies subject to the NIS Directive are required to adopt “appropriate […]
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 […]
Managing the E.U. Data Transfer Landscape
On January 28, Alston & Bird presented “Practical and Strategic Considerations in Today’s EU Data Transfer Landscape.” The panel addressed new laws and breaking events in European Union data privacy. The panel reviewed the status of talks around a revised “Safe Harbor 2.0” following the invalidation of Safe Harbor last October. The panel offered strategic […]
FTC and Wyndham Settle Data Security Allegations
On December 9, 2015, the Federal Trade Commission announced that Wyndham Worldwide Corp., Wyndham Hotel Group LLC, Wyndham Hotels and Resorts, LLC, and Wyndham Hotel Management, Inc. (“Wyndham”) had agreed to settle FTC charges that the company’s security practices unfairly exposed the payment card information of consumers to hackers in three separate data breaches between […]