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Security Compliance & Data Privacy Regulations

eSecurity Planet

Regulatory compliance and data privacy issues have long been an IT security nightmare. And since the EU’s General Data Protection Regulation (GDPR) took effect May 25, 2018, IT compliance issues have been at the forefront of corporate concerns. GDPR-style data privacy laws came to the U.S.

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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. First American Financial Corp.

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China Releases National Standard on Personal Information Security

Hunton Privacy

On January 25, 2018, the Standardization Administration of China published the full text of the Information Security Technology – Personal Information Security Specification (the “Specification”). The Specification divides personal information into two categories: personal information and sensitive personal information.

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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

In good news for organisations handling personal information, China’s Personal Information Protection Law (“ PIPL ”) was finalised on 20 August 2021, and will come into force on 1 November 2021. To be clear, this is not China’s own GDPR.

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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.

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How to Develop an Incident Response Plan

eSecurity Planet

Or as is often the case with security, what costs can we skip and still escape big penalties later? Unfortunately for those of us indulging in wishful thinking, the likelihood and costs of data breaches continue to increase. The Ponemon Institute estimates that data breach costs rose to an average cost of $4.24

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SEC Chair: Sweeping New Cybersecurity Rules Are Coming Soon

Data Matters

For example, SEC guidance from 2018 emphasizes that there is a range of factors that may affect whether an incident should be disclosed to investors beyond the bottom-line financial costs to respond to the incident. financial markets. Best Practices for Public Companies.