New York Adopts Cybersecurity Requirements
Posted on Apr 1, 2017 in Cybersecurity, Insurance | Comments Off on New York Adopts Cybersecurity Requirements
In their article for Captive Insurance Company Reports, Eversheds Sutherland (US) attorneys P. Bruce Wright, Saren Goldner and Daren Moreira discuss New York Department of Financial Services’ (DFS) final rule that established cybersecurity requirements for financial services companies (including insurance companies) regulated by the DFS. Learn more.
FTC Reviews Security Updates Practices of Eight Mobile Device Manufacturers
Posted on May 16, 2016 in Uncategorized | Comments Off on FTC Reviews Security Updates Practices of Eight Mobile Device Manufacturers
The Federal Trade Commission is requiring eight mobile device manufacturers to provide the FTC with information about how they determine to issue security updates to address vulnerabilities in smartphones, tablets, and other mobile devices. The FTC plans to use these filings to study policies, procedures, and practices used to notify customers and determine whether to provide security...
EU-U.S. Privacy Shield – Full Text Released
Posted on Mar 9, 2016 in Energy and Infrastructure, Financial Services, Insurance | Comments Off on EU-U.S. Privacy Shield – Full Text Released
On February 29, 2016, the European Commission released the text of the EU-U.S. Privacy Shield. The text reveals the details of a new framework that will place stronger obligations on U.S. companies to protect the personal data of EU citizens. It will also involve heightened compliance requirements and authorizes enforcement measures by the U.S. Department of Commerce (Commerce) and the...
EU-US Privacy Shield: European Union and U.S. Reach Agreement in Principle for New Data Transfer Framework – But Uncertainty Remains
Posted on Feb 11, 2016 in Energy and Infrastructure, Financial Services, Insurance | Comments Off on EU-US Privacy Shield: European Union and U.S. Reach Agreement in Principle for New Data Transfer Framework – But Uncertainty Remains
On February 2, 2016, the European Commission (EC) and the U.S. Department of Commerce (Commerce) announced that they had reached agreement on a new data transfer safe harbor arrangement for the transfer of personal data from Europe to the U.S. The new safe harbor pact, called the EU-US Privacy Shield, was negotiated in the wake of the EU Court of Justice’s (CJEU) decision in October...
The New York Department of Financial Services Releases Potential New Cybersecurity Rules
Posted on Nov 13, 2015 in Financial Services | Comments Off on The New York Department of Financial Services Releases Potential New Cybersecurity Rules
On November 9, Anthony Albanese, Acting Superintendent of the New York Department of Financial Services (NYDFS), sent a letter to the 18 members of the Financial and Banking Information Infrastructure Committee that outlines key regulatory proposals that NYDFS is considering as new regulations to increase financial sector cybersecurity defenses. The letter is written to “help spark...
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