On July 27, 2022, the Securities and Exchange Commission (“SEC”) separately charged three financial institutions with violations of Rule 201 of Regulation S-ID (“Reg S-ID”), also known as the Identity…
On July 8, 2022, the U.S. Department of Justice (the “DOJ”) announced that Aerojet Rocketdyne (“Aerojet”), a California-based aerospace and defense contractor, agreed to pay $9 million to resolve allegations…
On May 25, 2022, the Review of Banking & Financial Services published an article on the recently-issued banking agencies’ Final Rule on Computer-Security Incident Notification Requirements for Banking Organizations and…
Since we last wrote about data minimization, there have been several regulatory developments that illustrate the increasing operational and regulatory risks of keeping large volumes of old data. As cyber…
On February 9, 2022, the SEC released its much-anticipated proposed rules relating to cybersecurity risk management, incident reporting, and disclosure for investment advisers and funds. Many of the proposals follow…
On January 28, 2022, California Attorney General Rob Bonta announced that his office sent notices alleging noncompliance with the California Consumer Privacy Act (“CCPA”) to a number of companies operating…
Be prepared for increasing scrutiny from the Federal Trade Commission (“FTC”) and other regulators regarding the Log4j vulnerability. The attention of the cybersecurity community has been captured by the recently…
On December 16, 2021, Anna Gressel and Avi Gesser from our Data Strategy and Security Group were joined by Maeve O’Connor and Jyotin Hamid of our Commercial Litigation Group for a special…
As financial institutions increasingly deploy artificial intelligence (“AI”), including machine learning and automated decision-making technologies, across their business lines, U.S. federal regulators have started to scrutinize the consumer protection implications…
On November 2, members of our Data Security & Strategy and White Collar & Regulatory Defense teams hosted a webcast on the SEC’s Cybersecurity Year in Review 2021. The panelists,…