The New York Department of Financial Services, which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. 2 (2021) regarding “Cyber Insurance Risk Framework”, calling on insurers to take more stringent measures in underwriting cyber risks. In the Guidelines, NYDFS cites the 2020 SolarWinds attack as an example of how managing growing cyber risk is “an urgent challenge for insurers.”
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U.S. State Law
NY Department of Financial Services Issues Cyber Fraud Alert to Regulated Entities Using Instant Quote Websites
The New York Department of Financial Services has issued a Cyber Fraud Alert to regulated entities in light of a growing campaign to steal Nonpublic Information, as defined under New York law, from public-facing websites that provide instant quotes for products like auto insurance.…
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Virginia Moves Closer to Be the Second State to Enact Major Privacy Legislation
As we previously reported, significant data privacy bills, titled the Consumer Data Protection Act, are working their way through the Virginia legislature. If enacted, Virginia would be the second state to enact major data privacy legislation of general applicability. …
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Will Virginia Be the Second State to Enact Major Privacy Legislation?
On February 5, 2021, the state Senate of Virginia voted unanimously to approve Senate Bill 1392, titled the Consumer Data Protection Act, after the House of Delegates approved an identical House bill by an 89-9 vote.…
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Hunton Publishes 2020 Retail Industry Year in Review
Hunton releases its 2020 Retail Industry Year in Review, which features several articles authored by our privacy lawyers, including on topics such as the cashier-less technology revolution, the California Privacy Rights Act of 2020 and “buy now, pay later” plans.…
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New York Temporarily Bans Facial Recognition Technology in Schools
On December 22, 2020, New York Governor Andrew Cuomo signed into law legislation that temporarily bans the use or purchase of facial recognition and other biometric identifying technology in public and private schools until at least July 1, 2022. The legislation also directs the New York Commissioner of Education to conduct a study on whether this technology is appropriate for use in schools. …
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California Attorney General Issues Another Set of Proposed Modifications to the Already Effective CCPA Regulations
On December 10, 2020, the California Attorney General issued a fourth set of proposed modifications to the regulations implementing the California Consumer Privacy Act of 2018.…
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BIPA Lawsuit Proceeds Against Apple in Federal Court
On November 12, 2020, Chief Judge Nancy J. Rosenstengel of the U.S. District Court for the Southern District of Illinois rejected Apple Inc.’s (“Apple’s”) motion to dismiss a class action alleging its facial recognition software violates Illinois’ Biometric Information Privacy Act (“BIPA”). Judge Rosenstengel agreed with Apple, however, that the federal court lacks subject matter jurisdiction over portions of the complaint.
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Webinar on the California Privacy Rights Act
On November 19, 2020, Hunton Andrews Kurth will host a webinar examining the recently approved California Privacy Rights Act (“CPRA”) and how it revises the California Consumer Privacy Act of 2018 (“CCPA”).
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California Voters Pass the CPRA
On November 3, 2020, California voters approved California Proposition 24, the California Privacy Rights Act.…
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