Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

Data Matters

FEBRUARY 20, 2019

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance.

Insurance 68

Insurance Financial Services Compliance Retail 68

Data Protector

JANUARY 29, 2017

Does it really mean that in 481 days, European privacy regulators will be heralding the first megafine for non-compliance with one of the GDPR’s more obscure requirements? And also, what standard of evidence is necessary to be generated, just in case privacy regulators exercise their Article 30(4) right to request it. I think not.

GDPR 136

GDPR Privacy Compliance Personal data 136

Data Matters

MAY 4, 2022

Sidley announced today that David Lashway and John Woods have joined as partners in the firm’s Privacy and Cybersecurity practice in Washington, D.C. Adding significant bench strength to our Chambers-ranked Privacy and Cybersecurity practice is a win for Sidley and our clients,” said Yvette Ostolaza, Sidley’s Management Committee Chair.

Cybersecurity 167

Cybersecurity Marketing Security Privacy 167

Hunton Privacy

JULY 1, 2022

On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp. Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Hunton Privacy

JULY 5, 2023

On June 28, 2023, the New York Department of Financial Services (“NYDFS”) published an updated proposed Second Amendment (“Amendment”) to its Cybersecurity Regulation, 23 NYCRR Part 500. On November 9, 2022, NYDFS published a first draft of the proposed Amendment and received comments from stakeholders over a 60-day period.

Cybersecurity 113

Cybersecurity IT Compliance Financial Services 113

HL Chronicle of Data Protection

APRIL 1, 2019

The groundbreaking California Consumer Privacy Act (CCPA) takes effect on January 1, 2020, and companies are already working on compliance. Join members of the Hogan Lovells Privacy and Cybersecurity team for our CCPA now program, a valuable opportunity to explore the questions that you need to address now in order to be ready.

Sales 40

Sales Financial Services Privacy Compliance 40

Hunton Privacy

FEBRUARY 22, 2024

Three of these companies also have amended their first Form 8-K filings to provide additional detail regarding subsequent events. It is interesting, but perhaps coincidental, that the filings seem limited to two broad industry groups: technology and financial services. Six companies have now made Item 1.05 Form 8-K filings.

Cybersecurity 80

Cybersecurity Financial Services Marketing IT 80

Hunton Privacy

JUNE 9, 2022

Unlike other state laws based on MDL-668, however, the Vermont Insurance Data Security Law declines to establish separate cybersecurity event notification requirements for licensees. Cybersecurity Event Investigation and Notification Requirements. Licensees must maintain records about these cybersecurity events for at least five years.

Insurance 107

Insurance Security Information Security Cybersecurity 107

IBM Big Data Hub

AUGUST 1, 2023

We continue to make key updates to our cloud infrastructure to drive progress that has resulted in improvements to cloud stability and resiliency, including an 87% year-over-year reduction in Severity 1 Customer Impacting Events (CIEs) and a 38% decrease in Severity 1 CIE disruption time for the same compared periods in 2022 versus 2021.

Financial Services 69

Financial Services Computer and Electronics Cloud Digital transformation 69

Data Matters

MARCH 12, 2019

Over the last few years, States have enacted increasingly aggressive legislation concerning data privacy and security, raising concerns that companies will be subject to a patchwork of different standards. Other Notable Changes. The proposed changes would amend the Rule to reflect this change.

Privacy 68

Privacy IT Information Security Insurance 68

Data Protection Report

NOVEMBER 1, 2023

Under the Federal Trade Commission’s (“FTC”) new amendment to the Safeguards Rule (the “Amended Rule”), non-banking financial institutions will have to report certain data breaches and other security events to the agency. The FTC will publish information from the notification event report on a publicly available database.

Encryption 58

Encryption Cybersecurity Data breaches Financial Services 58

IBM Big Data Hub

FEBRUARY 5, 2024

The Digital Operational Resilience Act (DORA) marks a significant milestone in the European Union’s (EU) efforts to bolster the operational resilience of the financial sector in the digital age. Ensuring end-to-end Protection To achieve total data privacy assurance, a key component is confidential computing and cryptography.

Encryption 74

Encryption Data Privacy Compliance Cloud 74

DLA Piper Privacy Matters

AUGUST 23, 2021

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.

Data Privacy 111

Data Privacy Privacy Compliance Analytics 111

HL Chronicle of Data Protection

JUNE 14, 2019

Please join the Hogan Lovells Privacy and Cybersecurity team and LexisNexis on June 19 for the webinar, Operationalizing the California Consumer Privacy Act – Key Decisions and Compliance Strategies.

Privacy 40

Privacy GDPR Compliance Financial Services 40

Data Matters

JANUARY 2, 2018

This past year was marked by ever more significant data breaches, growing cybersecurity regulatory requirements at the state and federal levels and continued challenges in harmonizing international privacy and cybersecurity regulations. As we begin this New Year, here is list of the top 10 privacy and cybersecurity issues for 2018: EU GDPR.

Cybersecurity 68

Cybersecurity Privacy Data breaches GDPR 68

Hunton Privacy

OCTOBER 24, 2022

On October 18, 2022, the New York State Department of Financial Services (“NYDFS”) announced that EyeMed Vision Care LLC (“EyeMed”) agreed to a $4.5

Cybersecurity 67

Cybersecurity Financial Services Risk Phishing 67

Thales Cloud Protection & Licensing

NOVEMBER 27, 2018

The cybersecurity regulation ( 23 NYCRR 500 ) adopted by the New York State Department of Financial Services (NYDFS) is nearly two years old. Even though these regulations only apply to New York, financial institutions across the U.S. Encryption especially is the last line of defense in the event the company is ever breached.

Cybersecurity 71

Cybersecurity Financial Services Encryption Data Privacy 71

HL Chronicle of Data Protection

JULY 15, 2019

has joined our Privacy and Cybersecurity practice as a partner. Pete is an established leader in the banking and financial services sectors. Hogan Lovells announced today that Peter Marta , the former global head of Cybersecurity and Global Security and Investigations Legal for JPMorgan Chase and Co.,

Cybersecurity 40

Cybersecurity Privacy Financial Services Government 40

Collibra

MAY 15, 2019

Speakers will hail from a variety of sectors, including financial services, utilities, telco, technology, retail, healthcare, and universities, providing deeper insights and perspectives on common data challenges shared across industries. DNB, Norway’s largest financial services group , will outline their data journey.

Financial Services 53

Financial Services Data Privacy Privacy Retail 53

Data Matters

JULY 17, 2020

Partner, Privacy and Cybersecurity Practice, Washington, D.C. Senior Associate, Banking and Financial Services Practice, London. Senior Associate, Privacy and Cybersecurity Practice, London. Cybersecurity Issues appeared first on Data Matters Privacy Blog. Charlotte Allen. Colleen Brown. Max Savoie.

Cybersecurity 68

Cybersecurity Financial Services GDPR Privacy 68

HL Chronicle of Data Protection

DECEMBER 7, 2018

This is the ninth installment in Hogan Lovells’ series on the California Consumer Privacy Act. It does not exempt financial institutions altogether from its requirements where a financial information is processing information not subject to these regimes. The Privacy Rule provides examples of a “consumer” (12 C.F.R.

Privacy 40

Privacy Financial Services Compliance Data breaches 40

Reltio

MARCH 11, 2019

The event consisted of over 40 sessions and panels featured more than 60 speakers across industries. Speakers represented life sciences, healthcare, manufacturing, retail, consumer goods, financial services, consulting services, and hi-tech. Reltio was the Diamond sponsor and host of the event.

Digital transformation 40

Digital transformation Financial Services Data science Retail 40

Hunton Privacy

JULY 12, 2021

On June 30, 2021, the New York State Department of Financial Services (“NYDFS,” the “Department”) issued guidance to all New York state regulated entities on ransomware (the “Guidance”), identifying controls it expects regulated companies to implement whenever possible.

Ransomware 102

Ransomware Security Financial Services Cybersecurity 102

Hunton Privacy

MARCH 16, 2017

On March 9, 2017, AllClear ID hosted a webinar with Hunton & Williams partner and chair of the Global Privacy and Cybersecurity practice Lisa J. Sotto on the new cybersecurity regulations from the New York State Department of Financial Services (“NYDFS”).

Financial Services 40

Financial Services Insurance Cybersecurity Privacy 40

Hunton Privacy

MARCH 7, 2017

On March 9, 2017, AllClear ID will host a webinar with Hunton & Williams partner and chair of the Global Privacy and Cybersecurity practice Lisa J. Sotto on the new cybersecurity regulations from the New York State Department of Financial Services (“NYDFS”).

Cybersecurity 40

Cybersecurity Financial Services Privacy Security 40

IT Governance

AUGUST 26, 2021

Protecting employees’ privacy. For example, financial services firms may be worried about employees breaching insider trading laws. Although monitoring software comes with understandable privacy issues, remember that the GDPR (General Data Protection Regulation) doesn’t prohibit their use. Preventing data breaches.

Compliance 119

Compliance Data breaches Privacy Risk 119

Data Matters

DECEMBER 4, 2019

However, because of the potential to facilitate near-instant messaging, clearing and settlement, blockchain and cryptoassets have a particularly promising potential in a financial services context. The post Cryptoassets and Smart Contracts – UK Offers Legal Clarity appeared first on Data Matters Privacy Blog.

Blockchain 60

Blockchain Financial Services Healthcare Marketing 60

Data Matters

DECEMBER 4, 2019

However, because of the potential to facilitate near-instant messaging, clearing and settlement, blockchain and cryptoassets have a particularly promising potential in a financial services context. The post Cryptoassets and Smart Contracts – UK Offers Legal Clarity appeared first on Data Matters Privacy Blog.

Blockchain 60

Blockchain Financial Services Healthcare Marketing 60

ARMA International

APRIL 18, 2022

Certain sectors, such as banking, financial services, health, and insurance have their own data protection and privacy requirements. This may also include the use of event codes that are subjective or difficult to define in practice or retention periods that are correct in theory but impossible to implement. Conclusion.

Personal data 100

Personal data GDPR Privacy Records Management 100

Adam Levin

NOVEMBER 30, 2018

Regis, Westin, Sheraton, W Hotels or anywhere else that operates on Marriot’s Starwood guest reservation database, it’s time to redouble your cybersecurity and privacy efforts, because this compromise is one of biggest we’ve seen—dwarfed only by the Yahoo breach that affected 2 billion users. If you’ve made reservations at the St.

Financial Services 66

Financial Services Encryption Passwords Communications 66

ARMA International

NOVEMBER 7, 2019

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.

Financial Services 52

Financial Services Communications Compliance Risk 52

Data Protection Report

OCTOBER 24, 2022

On October 18, 2022, the New York Department of Financial Services announced a settlement with EyeMed, a licensed life, accident, and health insurer, with respect to a security incident that occurred in 2020. Proper disposal processes minimize the amount of NPI accessible to an unauthorized third party during a Cyber Event.”

Cybersecurity 52

Cybersecurity Personal data Risk Financial Services 52

erwin

APRIL 11, 2019

Some suggest the California Consumer Privacy Act (CCPA), which takes effect January 1, 2020, sets a precedent other states will follow by empowering consumers to set limits on how companies can use their personal information. Compliance is an on-going requirement, so efforts to become compliant should not be treated as static events.

GDPR 100

GDPR e-Discovery Compliance Metadata 100

Preservica

SEPTEMBER 27, 2017

I was recently invited to be part of a panel at an event in London organized by Simmons & Simmons, a leading global law firm. Make sure you also take a long-term view and consider how to ensure privacy compliance for critical information and records that need to be kept for years to come.

GDPR 40

GDPR Compliance Financial Services Privacy 40

HL Chronicle of Data Protection

MARCH 14, 2019

The Federal Trade Commission (“FTC”) issued notices on March 5 seeking public comment on proposed amendments to the regulations implementing the Gramm-Leach-Bliley Act (“GLBA”), commonly known as the Safeguards Rule and Privacy Rule. Finally, the plan must require evaluation and revisions to it as necessary following a security event.

Privacy 40

Privacy Risk Cybersecurity Information Security 40

Security Affairs

MARCH 29, 2022

Earmarked by the FBI as a particular threat to the financial service industry just over a year ago, the increase of internet traffic, data breaches and API usage all contribute to the perfect conditions for successful credential stuffing attacks. In that event, you should probably also change your password. Fingerprint device.

IT 80

IT Passwords Authentication Data Privacy 80