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$8 million penalty to NYDFS – and another case of over-retention

Data Protection Report

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.

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Integrating Long-Term Digital Preservation into Your Information Governance Program: First Steps

Preservica

This reality can be overwhelming, but based on the strength of the response by 83% of respondents that business value is a major driver for long-term preservation and governance, there is no option but to forge ahead to promote the long-view and integrate supporting capabilities in the Information Governance program.

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Record Retention is a Key Component of Your Privacy and Cyber Compliance Program

Data Protection Report

the Federal Trade Commission has long recommended that companies properly and promptly dispose of personal information once it is no longer necessary to retain it for legal or business reasons. How do you build an effective information governance program? Some consider email to be the “third-rail” of information governance.

Privacy 144
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Sidley Adds Partners Seale and Wilan to Growing Cybersecurity Practice

Data Matters

She focuses her practice on cybersecurity issues, including crisis management, data breach response, internal investigations, regulatory compliance, and complex litigation. She advises clients in several industries, including financial services, hospitality, manufacturing, telecommunications, and energy.

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Record Retention is a Key Component of Your Privacy and Cyber Compliance Program

Data Protection Report

the Federal Trade Commission has long recommended that companies properly and promptly dispose of personal information once it is no longer necessary to retain it for legal or business reasons. How do you build an effective information governance program? Some consider email to be the “third-rail” of information governance.

Privacy 52
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Summary – “Industry in One: Financial Services”

ARMA International

The scope of a records and information management (RIM) program in financial services can seem overwhelming. Compared to other industries, the complexities of managing records and information in financial services are arguably some of the toughest to solve, primarily because of the intense regulatory scrutiny.

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About Half of Surveyed Companies Haven’t Started Preparing for CCPA: Data Privacy Trends

eDiscovery Daily

Last week at the University of Florida E-Discovery Conference , I talked about the California Consumer Protection Act (CCPA) as one of the things that organizations need to be prepared to address these days as part of their compliance obligations. Sounds like a lot of organizations haven’t gotten around to that just yet.