Newly Proposed SEC Cybersecurity Risk Management and Governance Rules and Amendments for Public Companies
On March 9, 2022, the U.S. Securities and Exchange Commission (SEC) proposed new cybersecurity rules to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and incident reporting by public companies. The text of the proposed rules is available here. The SEC proposal would continue to ratchet up … Read More
SEC Chair: Sweeping New Cybersecurity Rules Are Coming Soon
On Monday, January 24, 2022, in a speech at the Northwestern University Pritzker School of Law annual Securities Regulation Institute conference, Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), announced that he has asked SEC staff to provide sweeping rulemaking recommendations to modernize and expand the agency’s … Read More
Federal Trade Commission Hosts Panels Related to Consumer Privacy and Data Security at PrivacyCon
This summer, the Federal Trade Commission (“FTC”) hosted its sixth annual PrivacyCon, an event focused on the latest research and trends related to consumer privacy and data security. This years’ event was divided into six panels: Algorithms; Privacy Considerations and Understandings; Adtech; Internet of Things; Privacy-Children and Teens; and, … Read More
Connecticut Strengthens Data Breach Notification Requirements and the Uniform Law Commission Approves and Recommends Comprehensive and Uniform State Privacy Legislation
In recent weeks, Connecticut passed An Act Concerning Data Privacy Breaches (“The Act”), and the Uniform Law Commission approved and recommended the Uniform Personal Data Protection Act (“UPDPA”). With the growing patchwork of state data privacy laws continuing to pose challenges for compliance—and the potential for federal data privacy legislation … Read More
SEC Announces Settled Charges Against First American for Cybersecurity Disclosure Controls Failures – Lessons Learned
On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information.1 Without admitting or denying the SEC’s findings, First American agreed to a cease-and-desist order and to … Read More
An Agency Is Born: California Appoints Board of Its New California Privacy Protection Agency
On March 17, 2021, California officials announced the appointment of five board members of the California Privacy Protection Agency ( the “CPPA”), the first data protection agency in the United States. The CPPA, created by the California Privacy Rights Act (“CPRA”) which California voters approved in November 2020, is charged … Read More