Remove Financial Services Remove Government Remove Information governance Remove Training
article thumbnail

$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.

article thumbnail

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. A policy or standard needs to be set, which is then explained by training and is measured. In the U.S., Data is not just a risk.

Privacy 144
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. A policy or standard needs to be set, which is then explained by training and is measured. In the U.S., Data is not just a risk.

Privacy 52
article thumbnail

Cloud, Intelligent Content Services, and Digital Fragility: What’s on the RIM Horizon for 2020

ARMA International

Government topped the list of vertical industries at 23%. in 2017), with the remainder reporting into senior administrative roles, compliance, corporate services, or finance teams. in 2017), with the remainder reporting into senior administrative roles, compliance, corporate services, or finance teams.

article thumbnail

The Privacy Officers’ New Year’s Resolutions

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 for legal or business reasons. In the U.S., This would include the major tech giants but there is also appetite to include more “hidden” players in the digital ecosystem, such as data brokers.

Privacy 85
article thumbnail

The Privacy Officers’ New Year’s Resolutions

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 for legal or business reasons. In the U.S., This would include the major tech giants but there is also appetite to include more “hidden” players in the digital ecosystem, such as data brokers.

Privacy 52
article thumbnail

Tuesday’s Relativity Fest 2019 Sessions: eDiscovery Trends

eDiscovery Daily

Join us to hear examples of failures by a major medical center, a major financial institution, a large federal government agency, and a noted presidential advisor. From law firm, to corporation, to service provider, to government, and beyond. This panel will explore the tough questions… How on earth did we get here?