Litigation and legal developments concerning data breaches.
Reuters reports: The U.S. Securities and Exchange Commission on Friday denied a petition by Coinbase Global (COIN.O) seeking new rules from the agency for the digital asset sector, which the country’s largest crypto exchange then sought to challenge in court. The five-member commission, in a 3-2 vote, said it would not propose new rules because it fundamentally […]
Commission to Expand Scope and Rule Requirements to Reflect Current Security Landscape WASHINGTON, December 13, 2023—The Federal Communications Commission today adopted rules to modify the Commission’s 16-year-old data breach notification rules to ensure that providers of telecommunications, interconnected Voice over Internet Protocol (VoIP), and telecommunications relay services (TRS) adequately safeguard sensitive customer information. Today’s action […]
The Record reports: The U.S. government is readying to implement contentious new disclosure rules for digital attacks that could both create headaches for the private sector and law enforcement and shed invaluable light on the state of ransomware and online threats. On December 18, a rule passed earlier this year by the Securities and Exchange […]
From the law firm of Troutman Pepper Hamilton Sanders LLP: It is indeed a tangled regulatory web woven to potentially trap an organization in the wake of a data incident. Navigating this web can involve significant resources, time, and stress. As we discussed in part two of this series, “Your organization has suffered a data incident: […]
The Record reports: The FBI has published guidance on how companies can request a delay in disclosing cyber incidents to the Securities and Exchange Commission (SEC). The document is a followup to new rules that the SEC approved in June requiring companies to quickly disclose “material” cybersecurity incidents and share the details of their cybersecurity risk management, […]
Inside Privacy writes: Read more at Inside Privacy.
On November 28, the New York State Department of Financial Services (DFS) issued a press release about a settlement stemming from a 2019 data breach: The New York State Department of Financial Services (DFS) today announced that First American Title Insurance Company (First American) will pay a $1 million penalty to New York State for […]
InnovationAus reports: Queensland has become only the second state to legislate a mandatory data breach notification scheme for public sector entities, as an almost identical scheme comes into effect in New South Wales. The Information Privacy and Other Legislation Amendment Bill 2023 passed through the Queensland state Parliament on Wednesday, less than two months after the bill […]
Bleeping Computer reports: The Federal Communications Commission (FCC) has revealed new rules to shield consumers from criminals who hijack their phone numbers in SIM swapping attacks and port-out fraud. FCC’s Privacy and Data Protection Task Force introduced the new regulations in July. They are geared toward thwarting scammers who seek to access personal data and information […]
Update on Cyber Incident Reporting for Critical Infrastructure Act of 2022
Constangy, Brooks, Smith & Prophete, LLP writes: As we near the end of another year, it is time to look ahead to developments in the information security and privacy landscape. One area of particular importance is the development of regulations implementing the Cyber Incident Reporting for Critical Infrastructure Act of 2022. CIRCIA, which was signed into […]