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Right out of the box – California enacts first-of-its-kind statute regulating internet-of-things

Posted on Nov 26, 2018 in Cybersecurity, Litigation | Comments Off on Right out of the box – California enacts first-of-its-kind statute regulating internet-of-things
The California legislature had a big year in 2018. While a great deal of attention has focused on the California Consumer Privacy Act of 2018 (CCPA), California also passed a less-publicized, but highly critical, statute that will regulate certain aspects of Internet of Things (IoT or connected) device security. The IoT law, known as SB-327, should have a significant impact that...
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Malaysia seeks to expand personal data protection

Posted on Oct 4, 2018 in Cybersecurity, Intellectual Property, Litigation, Regulation | Comments Off on Malaysia seeks to expand personal data protection
Malaysia is looking to impose a data breach notification (DBN) requirement to its existing data privacy law, which would impact companies around the world who do business in Malaysia. The Malaysian Personal Data Protection Commissioner is currently hearing feedback on Public Consultation Paper No. 1/2018, which would impose a DBN requirement on companies that need to be registered with...
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Videocast: Blockchain technology in the financial services industry

Posted on Oct 2, 2018 in Cybersecurity, Financial Services, Litigation, Securities & Corporate Governance | Comments Off on Videocast: Blockchain technology in the financial services industry
Blockchain and distributed-ledger technology hold tremendous promise, far beyond cryptocurrencies. However, there are also real pitfalls, which are often not identified until it is too late. This Bottom Line videocast discusses: What is blockchain, and how is it broader than bitcoin and other cryptocurrencies? Why it may be revolutionary, but why it will not solve all problems—and why...
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Financial institutions in Singapore to strengthen their cyber resilience— Monetary Authority of Singapore consults on cyber security measures

Posted on Oct 1, 2018 in Cybersecurity, Financial Services, Regulation | Comments Off on Financial institutions in Singapore to strengthen their cyber resilience— Monetary Authority of Singapore consults on cyber security measures
Recently, JPMorgan Chase CEO Jamie Dimon warned that the “biggest vulnerability” for the financial system is the threat of cyber attacks. Hackers, especially those working for nation-states, have grown more sophisticated and more determined, especially as geopolitical tensions rise. On September 6, 2018, the Monetary Authority of Singapore (MAS) issued a Consultation Paper on the...
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Videocast: Cryptoassets and the regulatory environment—A look across the Atlantic

Posted on Sep 26, 2018 in Cybersecurity, Financial Services, Litigation, Regulation | Comments Off on Videocast: Cryptoassets and the regulatory environment—A look across the Atlantic
Regulators are grappling to define cryptoassets and are applying existing regulations or contemplating new rules to oversee markets for these new asset class(es). In this Bottom Line videocast, Eversheds Sutherland (US) Partner Greg Kaufman and Eversheds Sutherland (International) Partner Andrew Henderson discuss: important jurisdictional and definitional issues before US courts the UK...
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Poland implements comprehensive cybersecurity legislation

Posted on Sep 24, 2018 in Cybersecurity, Intellectual Property, Regulation | Comments Off on Poland implements comprehensive cybersecurity legislation
Poland is the latest nation to pass extensive cybersecurity legislation that will impact many companies that do business in Poland. The legislation, called the Act on the National Cybersecurity System (ANCS), pertains to critical infrastructure companies and providers of digital services. Any organization that operates within Poland and is designated as one of these types of companies...
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