There were a few European data protection developments in February that companies may want to have on their radar.  These include a draft adequacy decision for EU-UK data transfer, renewed focus from data protection authorities (“DPAs”) on cookies compliance, and guidance from the English courts on what constitutes unsolicited marketing.  We cover those developments (and more) below. EU publishes draft…

Earlier this week, Debevoise published an overview of the SEC’s Division of Examination Priorities for 2021. Today, we’re taking a deeper dive into one aspect of those priorities: cybersecurity as it applies to Registered Investment Advisers (“RIAs”). The recent publication of the SEC’s 2021 Division of Examination Priorities (the “2021 Priorities”) presents an opportunity to look back at the cybersecurity work of…

Last year, we discussed the first enforcement action brought by the New York State Department of Financial Services (“DFS”), which involved charges against First American Title Insurance Company. That hearing is scheduled for April 5. On March 3, 2021, the DFS reached its first full resolution under its Part 500 Cybersecurity Regulation, a Consent Order with Residential Mortgage Services that…

Virginia has just become the second U.S. state  with a comprehensive privacy law, with Governor Ralph Northam’s signing of the Virginia Consumer Data Protection Act (“VCDPA”) on March 2, 2021. The VCDPA bears a strong resemblance to the California Consumer Privacy Act (“CCPA”). It also pulls U.S. law in the direction of its overseas cousin, the European Union’s General Data…

On March 3, 2021, Anna Gressel and Avi Gesser from our Data Strategy and Security Group had a very interesting conversation on AI regulation with Kaitlin Asrow, Fintech Policy Advisor for the Federal Reserve Bank of San Francisco. During the webcast, we discussed the FRB’s recent report, “The Role of Individuals in the Data Ecosystem,” as well as: How consumer…