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Data Protection Report
JANUARY 18, 2024
On January 3, 2024, the New York Department of Financial Services announced a consent order with GGT, where GGT agreed to pay NYDFS $8 million and to surrender its BitLicense (for cryptocurrency trading), due to alleged violations of NYDFS’ cybersecurity and its virtual currency regulations.
Data Matters
SEPTEMBER 4, 2019
The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.
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Data Matters
SEPTEMBER 6, 2022
For businesses operating in California or whose websites, products or services reach California residents, these changes mean new compliance obligations, some of which could require significant investments of time and resources. If this bill becomes law, it will be effective beginning January 1, 2023.
Data Protection Report
DECEMBER 23, 2019
In 2019, we saw regulators put a renewed focus on how long businesses retain personal information. Likewise, the New York State Department for Financial Services regulations requires relevant entities to have appropriate record retention policies and procedures. Why should this be a high priority project? In the U.S.,
Data Matters
FEBRUARY 12, 2019
Speakers also asked for clarity about how the CCPA requirements will apply to employee personal information collected in connection with routine human resources processes. For example, a company might track a user’s web browsing to facilitate online advertisements, but not link the data to a specific consumer. 1798.125(a).
eSecurity Planet
FEBRUARY 16, 2021
The most common way for criminals to infect an organization is by sending an email with a malicious link or attachment that an employee clicks on unwittingly to initiate an attack. The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. How ransomware works.
Data Matters
SEPTEMBER 24, 2019
In Barbados, the public consultation on a draft privacy bill has already taken place and an amended bill has been presented to a Joint Select Committee of both Houses of the Barbados Parliament on May 31, 2019. The BDPA was passed by the BDPA on July 24, 2019 and now awaits the Governor-General’s signature. An Overview of the BDPA.
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