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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. But those aren’t the only laws or regulations that affect IT security teams.

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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

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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

Express, informed consent must generally be obtained from data subjects for all processing of personal information. The PIPL sets out limited consent exemptions, including (inter alia) in connection with some employee data handling or emergencies , but in practice we doubt organisations will rely on them.

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New York Enacts Stricter Data Cybersecurity Laws

Data Matters

Together, the new laws require the implementation of reasonable data security safeguards, expand breach reporting obligations for certain types of information, and require that a “consumer credit reporting agency” that suffers a data breach provide five years of identity theft prevention services for impacted residents.

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SHARED INTEL: Akamai reports web attack traffic spiked 62 percent in 2020 — all sectors hit hard

The Last Watchdog

Akamai, which happens to be the Hawaiian word for “smart,” recently released its annual State of the Internet security report. billion hitting financial services organizations — an increase of more than 45 percent year-over-year in that sector. billion web attacks globally; 736 million in the financial services sector.