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Global: Data Privacy Snapshot 2018

DLA Piper Privacy Matters

Data protection is rising on the agenda globally: the past year has seen China introduce the PRC Cybersecurity Law, the introduction of Australia’s mandatory Privacy Amendment (Notifiable Data Breaches) Act 2017, while the EU’s long awaited General Data Protection Regulation is due to come in to force in May 2018.

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CFPB’s Proposed Data Rules

Schneier on Security

The rules would ensure people can obtain their own financial data at no cost, control who it’s shared with and choose who they do business with in the financial industry. This would change the economics of consumer finance and the illicit data economy that exists today.

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5 things to know: IBM Cloud’s mission to accelerate innovation for clients

IBM Big Data Hub

We believe the strategies outlined in the report reaffirm the importance of working with a cloud provider that enterprises can trust with their data to help them address third- and fourth-party risks. We are also working with more than 130 technology partners and fintechs to validate their security and compliance posture.

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Improve your data relationships with third parties

Collibra

Regulators are focusing on the data relationships financial services organizations have with third parties, including how well personal information is being managed. For example, FinTech and RegTech companies are very interested in working with companies that have a strong framework for managing data, including personal data.

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NYDFS Cybersecurity Regulations: A glimpse into the future

Thales Cloud Protection & Licensing

The cybersecurity regulation ( 23 NYCRR 500 ) adopted by the New York State Department of Financial Services (NYDFS) is nearly two years old. The 2017 bill, the first of its kind, will be fully implemented as of March 1st, 2019. Even though these regulations only apply to New York, financial institutions across the U.S.

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U.S. Treasury Expresses National Perspective In Response to NAIC Insurance Data Security Model Law

Data Matters

On October 26, 2017, the U.S. The Report, titled A Financial System That Creates Economic Opportunities: Asset Management and Insurance , identifies laws and regulations that are inconsistent with the Trump Administration’s Core Principles for financial regulation as set forth in Executive Order 13772 (Feb.

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Privacy and Cybersecurity Top 10 for 2018

Data Matters

While most data breach cases have tended to involve tort or contract theories, to the extent that future litigation turns on statutory claims, the import of the Supreme Court’s ambiguous standing decision in Spokeo, Inc. In November 2017, the Supreme Court heard oral arguments in Carpenter v. Federal Data Breach Legislation.