DLA Piper Privacy Matters

AUGUST 8, 2023

under the PIPL and related measures) continue to apply, save that in addition PBOC’s approval is required if a Data Handler plans to share any Regulated Data with any international organizations or foreign financial services administrative authorities.

Financial Services 98

Financial Services Personal data Compliance Data collection 98

Hunton Privacy

DECEMBER 4, 2023

On November 28, 2023, the New York Department of Financial Services (“NYDFS”) announced that First American Title Insurance Company (“First American”), the second-largest title insurance company in the United States, would pay a $1 million penalty for violations of the NYDFS Cybersecurity Regulation in connection with a 2019 data breach.

Financial Services 64

Financial Services Insurance Data breaches Cybersecurity 64

Data Matters

SEPTEMBER 6, 2022

Privacy never sleeps in California. In recent days and as California’s legislative session comes to a close, there have been a number of significant legislative and regulatory developments in the state, each of which will likely (again) change the privacy landscape in California and, by extension, the rest of the country.

Privacy 197

Privacy B2B Sales Compliance 197

Hunton Privacy

FEBRUARY 22, 2021

On February 16, 2021, the New York Department of Financial Services (“NYDFS”) issued a Cyber Fraud Alert (the “Alert”) to regulated entities in light of a growing campaign to steal Nonpublic Information (“NPI”), as defined under New York law, from public-facing websites that provide instant quotes for products like auto insurance (“Instant Quote Websites”). (..)

Financial Services 86

Financial Services Insurance Cybersecurity Analytics 86

eSecurity Planet

AUGUST 9, 2022

Regulatory compliance and data privacy issues have long been an IT security nightmare. GDPR, the EU’s flagship data privacy and “right to be forgotten” regulation, has made the stakes of a data breach higher than ever. GDPR-style data privacy laws came to the U.S. with the California Consumer Privacy Act (CCPA) effective Jan.

Data Privacy 139

Data Privacy Compliance Privacy Security 139

Hunton Privacy

NOVEMBER 23, 2022

On November 9, 2022, the New York Department of Financial Services (NYDFS) released its second, proposed amendments to the Part 500 Cybersecurity Rule. The proposed amendments revise several aspects of the draft Cybersecurity Rule amendments released on July 29, 2022.

Financial Services 55

Financial Services Cybersecurity Ransomware Compliance 55

DLA Piper Privacy Matters

NOVEMBER 18, 2021

Should data privacy be embraced as a business opportunity now, rather than viewed as a business risk only for many in this sector?

Privacy 133

Privacy Digital transformation Government Financial Services 133

Data Breach Today

AUGUST 26, 2021

Survey: Cybersecurity, Regulatory Concerns May Slow Digital Asset Adoption Although a majority of financial services executives predict that cryptocurrency will replace or rival fiat currency within the next five to 10 years, they say cybersecurity, regulatory and privacy issues are among the biggest obstacles to its adoption, according to a survey (..)

Financial Services 205

Financial Services Cybersecurity Security Privacy 205

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. The post New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance appeared first on Data Matters Privacy Blog. 1 See W.B.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

IT Governance

NOVEMBER 13, 2023

The post The Week in Cyber Security and Data Privacy: 6 – 12 November 2023 appeared first on IT Governance UK Blog. Records breached: 79,582 Ontario hospitals update: information relating to 5.6 DP World Australia’s investigation and ongoing remediation work are likely to continue for some time.” That’s it for this week’s round-up.

Data Privacy 85

Data Privacy Privacy Security Data breaches 85

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

Hunton Privacy

JANUARY 24, 2018

On January 22, 2018, the New York Department of Financial Services (“NYDFS”) issued a press release reminding entities covered by its cybersecurity regulation that the first certification of compliance with the regulation is due on or prior to February 15, 2018.

Financial Services 58

Financial Services Cybersecurity Compliance Insurance 58

IBM Big Data Hub

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. Read to learn more about cloud adoption within financial services?

Cloud 77

Cloud Financial Services Risk Business Services 77

Hunton Privacy

APRIL 22, 2020

On April 13, 2020, the New York Department of Financial Services (“NYDFS”) issued guidance (“April guidance”) to all New York State entities covered under NYDFS’s cybersecurity regulation regarding assessing and addressing heightened cybersecurity risks due to the COVID-19 pandemic.

Financial Services 71

Financial Services Cybersecurity Phishing Risk 71

Micro Focus

JANUARY 28, 2021

When it comes to data privacy, who do consumers trust? A recent data privacy survey by McKinsey & Company asked 1,000 consumers to rank the most trusted industries in protecting privacy and data. View Article.

Data Privacy 53

Data Privacy Privacy Financial Services Government 53

The Last Watchdog

FEBRUARY 15, 2024

Paul Greene , CIPP/US, CIPP/E, CIPM, FIP, Harter Secrest & Emery’s Privacy and Data Security practice group helps clients respond to data security incidents of all kinds. NetDiligence-authorized Breach Coach ® firms are selected based on their experience, competency, thought leadership, and industry engagement. Greene Led by partner F.

Data breaches 100

Data breaches Financial Services Big data Retail 100

Schneier on Security

JANUARY 31, 2024

By separating which companies see what parts of our data, and in what contexts, we can gain control over data about ourselves (improving privacy) and harden cloud infrastructure against hacks (improving security). The best way for financial services firms to meet the CFPB’s rules would be to apply the decoupling principle broadly.

Financial Services 93

Financial Services Privacy Personal data Marketing 93

IBM Big Data Hub

JUNE 12, 2023

We see public cloud as an enabler of a better future for financial services, not as a destination. The future for financial services is bright. And that conviction holds true across both public-sector institutions and private-sector enterprises. And we’re very proud to be at the heart of it.

Cloud 91

Cloud Financial Services Digital transformation Risk 91

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 Matters

JANUARY 24, 2024

On January 17, 2024, the New York Department of Financial Services (NYDFS) entered into a consent order with Industrial and Commercial Bank of China Ltd. The post Federal and State Regulators Fine Foreign Bank for Unauthorized Disclosure of Confidential Supervisory Information appeared first on Data Matters Privacy Blog.

Financial Services 97

Financial Services Privacy IT 97

Hunton Privacy

NOVEMBER 1, 2022

The Report discusses the need to adapt existing policy frameworks to account for the change brought about by DeFi to the underlying information structure upon which financial services are provided. The Report emphasizes that these risks do not necessarily require external public intervention.

Financial Services 115

Financial Services Blockchain Risk Marketing 115

Data Matters

MARCH 28, 2022

implement a privileged access management (PAM) system that is reasonable and appropriate to reduce the risk of unauthorized access to privileged accounts pursuant to the HIPAA Privacy Rule. Emerging technologies such as health apps and wearable devices are not necessarily subject to the same privacy or security requirements.

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

Dark Reading

DECEMBER 19, 2019

Between Europe's and California's privacy laws, companies have a complex landscape to navigate in 2020. Even data-mature industries, such as financial services, see problems ahead.

Privacy 61

Privacy Financial Services 61

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

IBM Big Data Hub

FEBRUARY 22, 2024

We strongly believe the influx of data associated with AI will fuel tremendous business innovations, but requires strategic considerations, including around where data resides, data privacy, resilience, operational controls, regulatory requirements and compliance, and certifications.

Cloud 77

Cloud Computer and Electronics Compliance Financial Services 77

DLA Piper Privacy Matters

FEBRUARY 1, 2018

Data protection is rising on the agenda globally: the past year has seen China introduce the PRC Cybersecurity Law, the introduction of Australia’s mandatory Privacy Amendment (Notifiable Data Breaches) Act 2017, while the EU’s long awaited General Data Protection Regulation is due to come in to force in May 2018.

Data Privacy 49

Data Privacy Privacy Financial Services Data breaches 49

Data Protection Report

JUNE 14, 2022

As privacy incidents and security breaches involving personal information become increasingly frequent, organizations are more and more aware of the importance of implementing a robust privacy program to mitigate the risks and impacts of such incidents. Legal Obligations. Procedural Considerations.

Privacy 52

Privacy Data breaches Compliance Financial Services 52

Data Matters

DECEMBER 6, 2022

On November 9, 2022, the New York Department of Financial Services (DFS) published its proposed second amendment to its cybersecurity regulations (23 NY CRR Part 500). This proposal follows a July 29 pre-proposal and comment period.

Cybersecurity 88

Cybersecurity Financial Services Privacy IT 88

HL Chronicle of Data Protection

FEBRUARY 28, 2019

Mark Brennan will discuss TCPA issues on the panel, “Financial Services and Litigation Trends,” at the American Financial Services Association (AFSA) Law and Compliance Symposium 2019. California Consumer Privacy Act. Location : Fort Lauderdale, Florida. March 12-13. Location : London. CCPA and SB 327.

Privacy 40

Privacy Artificial Intelligence Cybersecurity GDPR 40

Data Protection Report

JANUARY 6, 2020

The Court of Justice of the European Union (CJEU) will determine the validity of the EU Standard Contractual Clauses (SCCs) ( Data Protection Commissioner v Facebook Ireland Limited, Maximillan Schrems ) whilst the General Court of the EU will consider the future of Privacy Shield (La Quadrature du Net v Commission). In the U.S.,

Privacy 84

Privacy GDPR Data breaches Risk 84

Data Protection Report

AUGUST 2, 2022

In our previous publication , we discussed the legal obligations and procedural considerations surrounding maintaining records of privacy incidents. Organizations should also be aware of sector-specific statutory obligations which may apply to them, for example in health or financial services industries.

Compliance 137

Compliance Privacy Risk Financial Services 137

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 Protection Report

DECEMBER 23, 2019

This blogpost summarises our recent webinar: “ An urgent message from Berlin: The importance of record retention in privacy and cybersecurity ”. The authority claimed a violation of data minimisation and privacy by design principles under the EU General Data Protection Regulation (GDPR). . Why should this be a high priority project?

Privacy 144

Privacy Compliance Personal data Risk 144

Hunton Privacy

FEBRUARY 7, 2023

As the nature of digital assets continues to evolve and develop, it is imperative that data privacy issues are considered and addressed in tandem with the development of financial services policy and regulation to ensure a coherent, comprehensive and practical regulatory approach that can support a trusted, open, innovative and competitive market.

Data Privacy 61

Data Privacy Blockchain Compliance Privacy 61

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

IBM Big Data Hub

AUGUST 1, 2023

With IBM Cloud for Financial Services , a first-of-its-kind cloud with built-in controls informed by the industry, we are working to help clients on their missions to mitigate this risk, positioning financial services and other regulated industries to host applications and workloads in the cloud in a secured environment.

Financial Services 64

Financial Services Computer and Electronics Cloud Digital transformation 64

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. The post FTC Seeks Comment on Proposed Changes to its GLBA Safeguards and Privacy Rules appeared first on Data Matters Privacy Blog.

Privacy 68

Privacy IT Information Security Insurance 68