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UK Government and the Dubai International Financial Centre Issue Joint Statement on Data Bridge

Hunton Privacy

On December 15, 2022, the UK government and the Dubai International Financial Centre Authority (“DIFC”) issued a joint statement on the shared commitment to deepening the UK-DIFC data partnership. the pursuit of a closer UK-DIFC partnership on data flows as a way of realizing untapped economic growth.”.

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AI Governance: Why our tested framework is essential in an AI world

Collibra

As we speed into a new AI era, there’s a critical element that’s often missing when organizations rush forward in hyper-competitive markets to build scalable, trusted AI programs — and that’s AI governance. An AI governance framework offers a blueprint for how to create successful AI products.

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UK Government sets out proposals to shake up UK data protection laws

Data Protection Report

On 10 September 2021, the UK Government published its consultation paper on proposals to reform the UK’s data protection regime. On legitimate interests, the Government proposes disapplying the legitimate interest balancing test for certain activities. The deadline for responding to the consultation is 19 November 2021.

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CFPB’s Proposed Data Rules

Schneier on Security

In October, the Consumer Financial Protection Bureau (CFPB) proposed a set of rules that if implemented would transform how financial institutions handle personal data about their customers. This would change the economics of consumer finance and the illicit data economy that exists today.

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NYDFS Imposes Fine of $5 Million on Carnival for Cybersecurity Breaches

Hunton Privacy

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.

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U.S. and Foreign Cybersecurity and Intelligence Agencies Recommend Measures to Counteract Threat of Russian Cyberattacks

Data Matters

The advisory was promptly endorsed by the National Cyber Security Centre, a division of Government Communications Headquarters (“GCHQ”), a UK intelligence agency. government, especially in light of ongoing tensions between the U.S. First , all of the reports specifically focus on the threat of Russian state-sponsored cyberattacks.

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Catches of the Month: Phishing Scams for October 2023

IT Governance

EvilProxy phishing campaign targets Microsoft 365 accounts via indeed.com A phishing campaign identified by Menlo Security has been targeting senior executives in various industries – most notably banking and financial services, property management and real estate, and manufacturing – since July. Can you spot a phishing scam?

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