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HTMLFINRA and SEC Issue Cybersecurity Reports Identifying Common Industry Practices
Kyle T. Barrett, Richard J. Johnson, Todd S. McClelland, Mauricio F. Paez, Gregory P. Silberman; Jones Day;
Legal Alert/Article
February 26, 2015, previously published on February 2015
New reports by the Financial Industry Regulatory Authority ("FINRA") and the SEC's Office of Compliance Inspections and Examinations ("OCIE") highlight the increased regulatory focus in the financial sector on cybersecurity. Both reports merit industry attention.

 

HTMLPresident Obama Continues Push on Cybersecurity
Todd S. McClelland, Michael G. Morgan, Mauricio F. Paez, Katherine S. Ritchey, Gregory P. Silberman; Jones Day;
Legal Alert/Article
February 26, 2015, previously published on February 2015
On February 13, 2015, President Obama spoke to attendees of the White House Summit on Cybersecurity and Consumer Protection held at Stanford University. Calling the digital world a "sort of Wild Wild West," Obama and many corporate representatives announced developments intended to...

 

HTMLNew York Regulator Announces Plans to Conduct Targeted Cybersecurity Examinations of Insurance Companies, Issue Standards
Matthew R. Bowles, Scott A. Edelstein, Lisa M. Ledbetter, Mauricio F. Paez; Jones Day;
Legal Alert/Article
February 26, 2015, previously published on February 2015
On February 8, 2015, the New York State Department of Financial Services ("NYDFS") announced that it will soon begin making targeted cybersecurity assessments of insurance companies and that it plans to issue regulations setting heightened security standards. The announcement coincides...

 

HTMLConsumer Associations Will Be Entitled to Bring Collective Action for Data Protection Violations
Undine von Diemar; Jones Day;
Legal Alert/Article
February 26, 2015, previously published on February 2015
The German Federal Cabinet has adopted draft legislation that, if approved, will allow civil claims to enforce violations of data protection provisions protecting consumer rights (Entwurf eines Gesetzes zur Verbesserung der zivilrechtlichen Durchsetzung von verbraucherschützenden Vorschriften...

 

HTMLNew Telecommunications Privacy Rules for U.S. Broadband Providers
Bruce A. Olcott, Mauricio F. Paez, Preston N. Thomas; Jones Day;
Legal Alert/Article
February 26, 2015, previously published on February 2015
Turn-of-the-century common carrier regulation is about to be imposed on providers of broadband internet services in the United States; all that remains to be determined is the details, and there are a lot of them in dispute. On February 4, 2015, Chairman Tom Wheeler of the Federal Communications...

 

HTMLThe SEC and FINRA Double-Down on Cybersecurity Enhancement and Prevention
Matthew Johns, Terry R. Weiss; Greenberg Traurig, LLP;
Legal Alert/Article
February 24, 2015, previously published on February 5, 2015
In the wake of recent cybersecurity breaches, the SEC and FINRA simultaneously issued reports this week to the securities industry summarizing cybersecurity examination findings and to investors recommending certain precautions to safeguard online investment information.

 

HTMLThe Anthem Data Breach: The Fallout and What’s Next
Cynthia Larose, Kevin M. McGinty; Mintz Levin Cohn Ferris Glovsky Popeo P.C.;
Legal Alert/Article
February 23, 2015, previously published on February 10, 2015
By now (unless you have been under a snow drift), you have likely heard about the apparent intrusion into a database at the nation’s largest health insurer, Anthem, Inc. Rather than reiterate the facts as currently known we’ll look at the fallout and what’s next.

 

HTMLWho’s Your Role Model for EU Privacy Notices? The Latest Google Undertaking
Susan Foster; Mintz Levin Cohn Ferris Glovsky Popeo P.C.;
Legal Alert/Article
February 19, 2015, previously published on February 5, 2015
When small and mid-size companies start expanding their apps or web presence into Europe, they need to start thinking about EU data protection laws. It’s tempting to take a look at what one or two of the “big guys” do about EU data protection compliance and think that whatever the...

 

HTMLCybersecurity and Privacy in State of the Union Address
Cynthia Larose; Mintz Levin Cohn Ferris Glovsky Popeo P.C.;
Legal Alert/Article
February 19, 2015, previously published on January 21, 2015
As expected in his State of the Union address last night, President Obama made it very clear that cybersecurity is on his agenda for 2015. After stating that:

 

HTMLCalifornia Amends Law to Expand Businesses’ Obligations in the Wake of a Data Breach
Gregory Bautista, Donald P. Sullivan, Melissa K. Ventrone; Wilson Elser Moskowitz Edelman & Dicker LLP;
Legal Alert/Article
February 16, 2015, previously published on December 9, 2014
Entities that own, license or maintain personally identifiable information on California residents beware - on January 1, 2015, an amendment to California’s privacy and breach law goes into effect that may have a significant impact on the way entities respond to data breaches. Starting in...

 


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