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CHINA: New draft proposes more stringent requirements for processing data in the financial services industry

DLA Piper Privacy Matters

Authors: Carolyn Bigg, Amanda Ge and Venus Cheung On July 24, 2023, the People’s Bank of China (“ PBOC ”) released the Measures for the Management of Data Security in the Business Areas Falling into PBOC’s Jurisdiction (Draft for Comment) (“ Draft Measures” ) for public consultation, which closes on August 24, 2023.

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Executive Order on access to Americans’ bulk sensitive data and Attorney General proposed regulations – Part 2

Data Protection Report

China Cuba Iran North Korea Russia Venezuela What is “personally identifiable data” that is “in combination with each other”? These proposed regulations generally address only Section 2 of the Executive Order. Which countries are “countries of concern”? Note that the only difference between the two examples is the addition of IP addresses.

Access 59
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First American Financial Pays Farcical $500K Fine

Krebs on Security

In May 2019, KrebsOnSecurity broke the news that the website of mortgage settlement giant First American Financial Corp. NYSE:FAF ] was leaking more than 800 million documents — many containing sensitive financial data — related to real estate transactions dating back 16 years. This week, the U.S.

Insurance 289
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What Are Firewall Rules? Ultimate Guide & Best Practices

eSecurity Planet

This includes protecting data from internet threats, but it also means restricting unauthorized traffic attempting to leave your enterprise network. Network admins must configure firewall rules that protect their data and applications from threat actors. Deny and log: Record all remaining traffic to be analyzed later.

Access 107
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China’s PIPL has finally arrived, and brings helpful clarification (rather than substantial change) to China’s data privacy framework

DLA Piper Privacy Matters

Rather than bringing substantial changes to the existing China data privacy framework, the PIPL helpfully consolidates and clarifies obligations on processing of personal information at a national law level. To be clear, this is not China’s own GDPR.

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ICYMI – Late December in privacy and cybersecurity

Data Protection Report

Colorado’s privacy law does not have any “data localization” or “international data transfer” requirements. The list appears in proposed rule 6.04.A. 2. b. Profiling is not prohibited for purposes of granting credit. The list appears in proposed rule 9.03.A. 3.

Privacy 115
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New York Enacts Stricter Data Cybersecurity Laws

Data Matters

On July 25, 2019, Governor Cuomo signed the two bills into law, one which amended the state’s data breach notification law, and another that created additional obligations for data breaches at credit reporting agencies. The Stop Hacks and Improve Electronic Data Security Act.