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As part of its regulatory review of the Gramm-Leach-Bliley Act Safeguards Rule, the Federal Trade Commission will hold a workshop, Information Security and Financial Institutions: An FTC Workshop to Examine the Safeguards Rule. The workshop, originally scheduled for May, has been postponed until July 13, 2020.…
Continue Reading FTC Postpones Safeguards Rule Workshop until July

The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations recently announced the publication of a report entitled “Cybersecurity and Resiliency Observations” that summarizes the observations gleaned from OCIE’s cybersecurity examinations of broker-dealers, investment advisers, clearing agencies, national securities exchanges and other SEC registrants.…
Continue Reading SEC Publishes Cybersecurity and Resiliency Observations

As reported on the Blockchain Legal Resource, California Governor Jerry Brown recently signed into law Assembly Bill No. 2658 for the purpose of further studying blockchain’s application to Californians. In doing so, California joins a growing list of states officially exploring distributed ledger technology.…
Continue Reading California Enacts Blockchain Legislation

As reported on the Insurance Recovery Blog, Hunton Andrews Kurth insurance practice head, Walter Andrews, recently commented to the Global Data Review regarding the infirmities underlying an Orlando, Florida federal district court’s ruling that an insurer does not have to defend its insured for damage caused by a third-party data breach.…
Continue Reading Hunton Insurance Head Comments on Hotel Data Breach Coverage Dispute

Effective September 21, 2018, Section 301 of the Economic Growth, Regulatory Relief, and Consumer Protection Act requires consumer reporting agencies to provide free credit freezes and year-long fraud alerts to consumers throughout the country. …
Continue Reading New Federal Credit Freeze Law Eliminates Fees, Provides for Year-Long Fraud Alerts

On June 25, 2018, the New York Department of Financial Services issued a final regulation requiring consumer reporting agencies with “significant operations” in New York to (1) register with NYDFS for the first time and (2) comply with the NYDFS’s cybersecurity Regulation.…
Continue Reading NYDFS Cybersecurity Regulation to Apply to Consumer Reporting Agencies

On July 1, 2018, HB 183, which amends Virginia’s breach notification law, will come into effect. The amended law will require income tax return preparers who prepare individual Virginia income tax returns to notify the state’s Department of Taxation if they discover or are notified of a breach of “return information.” …
Continue Reading Virginia Amends Breach Notification Law Applicable to Income Tax Information