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CSBS Releases Cybersecurity Programs to Help Nonbank Financial Services Institutions Improve Cybersecurity Posture

October 4, 2022 By Ross Speier, Lance Taubin, Kimberly Peretti and Nanci Weissgold

A&B ABstract On August 9, 2022, the Conference of State Bank Supervisors (CSBS) released two cybersecurity tools for nonbank financial services institutions to help them prepare for state cybersecurity examinations and, ultimately, improve cybersecurity maturity and protect financial institution infrastructure. These tools are designed to address key aspects of the Uniform Rating System for Information […]

Filed Under: Federal Trade Commission (FTC), Online Privacy, Privacy and Cybersecurity, State Law Tagged With: CSBS, Cybersecurity

NYDFS Reports Major Cybersecurity Settlement

March 11, 2021 By Michael Young and James Harvey

In early March, the New York Department of Financial Services (NYDFS) announced a settlement involving a $1.5M penalty and mandatory remediation in response to a mortgage lender’s alleged failure to report a cyber breach, and other alleged cybersecurity failures. This enforcement action marks the second public enforcement action under 23 NYCRR Part 500 (the “Cybersecurity Regulation”) (see […]

Filed Under: Online Privacy, Privacy and Cybersecurity, State Law Tagged With: #NYDFS, Cybersecurity

New Virginia Privacy Law Promises Big Impacts

March 3, 2021 By Michael Young and Dorian Simmons

Virginia became the second state after California to pass a comprehensive privacy law when the governor signed the Consumer Data Protection Act, which contains many elements found in the California Consumer Privacy Act and other proposed privacy frameworks, as well as a number of new requirements for businesses. In a client advisory, our Privacy, Cyber […]

Filed Under: Online Privacy, Privacy and Cybersecurity, State Law Tagged With: #consumerdataprotectionact

California Department of Justice Releases Post-Finalization Modifications to CCPA Regulations

October 13, 2020 By Dan Felz and Aaron Wasser

On October 12, 2020, the California Department of Justice (“Department”) released its first set of proposed post-finalization modifications to the California Consumer Privacy Act Regulations (the “CCPA Regulations”). As many businesses know, the CCPA Regulations were finalized on August 14, 2020.  The Department styled these new modifications as a “Third Set of Proposed Modifications” to […]

Filed Under: California, Online Privacy, Privacy and Cybersecurity, State Law Tagged With: #CCPA

High Profile Settlements, Strengthened Data Security Orders, and COPPA: The FTC’s 2019 Privacy and Data Security Update

March 3, 2020 By Kathleen Benway

A&B ABstract Each year the Federal Trade Commission (the “FTC” or “Commission”) publishes a report on its activities with respect to consumer privacy and data security during the prior year.  On February 25, 2020, the Commission released its 2019 Privacy and Data Security Update. The update contains a summary of the FTC’s enforcement, advocacy, and […]

Filed Under: Federal Trade Commission (FTC), Online Privacy, Privacy and Cybersecurity

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