Pros and Cons of the Payment Card Industry Data Security Standard
Posted on Mar 1, 2016 in Financial Services, Insurance | Comments Off on Pros and Cons of the Payment Card Industry Data Security Standard
The Payment Card Industry Data Security Standard (the PCI DSS) establishes the self-described minimum data protection measures required of all entities involved in payment card transactions. The PCI DSS consists of 12 basic requirements, along with testing procedures and guidance designed to assist entities in meeting each requirement. The PCI DSS itself is not a law or regulation, and...
Regulators Set Sights on Big Data and Connected Devices
Posted on Dec 29, 2015 in Uncategorized | Comments Off on Regulators Set Sights on Big Data and Connected Devices
Federal and state regulators are beginning to set their sights on companies that collect, use and share consumer data, claiming they have sufficient authority to regulate potential privacy and data security risks posed by “big data” and “connected devices.” In her article for Legaltech News, Sutherland Partner Mary Jane Wilson-Bilik notes that the Federal Trade Commission (FTC) has...
SEC Seeks Comment on Cybersecurity Issues in ANPR for Transfer Agents
Posted on Dec 29, 2015 in Uncategorized | Comments Off on SEC Seeks Comment on Cybersecurity Issues in ANPR for Transfer Agents
On December 22, the Securities and Exchange Commission (SEC) issued an advanced notice of proposed rulemaking (ANPR) for new transfer agent requirements, and it also issued a concept release for which public comment on the SEC’s broader review of transfer agent regulation is sought. In the ANPR, the SEC specifically cited cybersecurity as an area in which the Commission intends to...
U.S. Court of Appeals Upholds FTC’s Authority to Regulate Cybersecurity
Posted on Aug 24, 2015 in Uncategorized | Comments Off on U.S. Court of Appeals Upholds FTC’s Authority to Regulate Cybersecurity
Today, the United States Court of Appeals for Third Circuit issued its opinion in FTC v. Wyndham Worldwide Corp. upholding the authority of the Federal Trade Commission to regulate corporate cybersecurity under Section 5(a) of the Federal Trade Commission Act, which prohibits businesses from engaging in “unfair or deceptive acts or practices.” This case was an interlocutory appeal from...
Managing a Cyberattack: An Interactive Simulation at the ACC Advanced Compliance Education Summit
Posted on Apr 29, 2015 in Uncategorized | Comments Off on Managing a Cyberattack: An Interactive Simulation at the ACC Advanced Compliance Education Summit
It is 3:00 in the morning and your children are safe in bed, but the phone is ringing at the FBI! Sutherland’s Mark Thibodeaux; Cyndi Baily, Chief Compliance Officer at Alere Toxicology; Sarah Sandstorm, Contracts Counsel at KBM Group; and Special Agent Corey Harris from the FBI presented an interactive simulation of a cyber-attack at the ACC’s Advanced Compliance Education Summit...
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