This week, the FBI, the Cybersecurity and Infrastructure Security Agency, and the Department of the Treasury released a joint advisory report on HIDDEN COBRA — the cyber threat North Korea poses to cryptocurrency — and provided mitigation recommendations for addressing this ongoing threat.
Read our full article on our Subject to Inquiry blog for highlights
Did you miss our Dec. 15, 2020, webinar? Is it a holiday wish come true or just the CCPA dressed up in an ugly sweater? Naughty or nice, the CPRA is here. You can watch a replay of the webinar below.
Our festive webinar discusses California’s newest data privacy law, the California Privacy Rights and Enforcement Act of 2020 (CPRA). Passed by ballot initiative during this year’s general election, the CPRA expands and modifies the California Consumer Privacy Act in several significant ways. This webinar covers some of the key changes brought by the CPRA and steps businesses can take now to prepare for this new law.Continue Reading Webinar Replay: Is it a holiday wish come true or just the CCPA dressed up in an ugly sweater? Naughty or nice, the CPRA is here.
The November 2020 election left a lot of questions. Among them, companies doing business in California are now asking about compliance with yet another California data privacy law, this time the California Privacy Rights and Enforcement Act of 2020 (the “CPRA”). This article gives an overview addressing the what, when, and how of the CPRA. (We won’t hazard a guess as to the why—we leave that to the backers of the new law.)
What is the CPRA?
The CPRA builds on the California Consumer Privacy Act of 2018 (the “CCPA”) in a number of key ways. It includes: new consumer rights, new requirements for businesses, and a number of other miscellaneous changes. Some parts of the CCPA will remain in effect, and others are rephrased or clarified. We provide below a high-level overview of topics we believe businesses should be thinking about now as they look ahead to building-out their CPRA compliance programs.Continue Reading You’re CCPA Compliant. So Now What? Top Tips for Companies Looking Ahead to the Recently-Passed CPRA
On November 9, 2020 the FTC entered into a consent agreement with Zoom Video Communications, Inc. to address concerns over the videoconferencing platform’s security practices. With the onset of the COVID-19 pandemic, the need for a reliable, online videoconferencing and meeting platform skyrocketed. Zoom met that need. It advertised its platform as a secure space with various safety measures to protect user data, including “end-to-end” 256-bit encryption. In short order, individuals, businesses, and organizations quickly flocked to the user-friendly communications platform; and, by the end of April 2020 Zoom’s user base was booming.
Then came a backlash of sorts. The FTC began investigating Zoom’s security practices, and private plaintiffs brought class-action lawsuits alleging violations of the California Consumer Privacy Act and failure to adhere to Zoom’s terms of service. The FTC’s complaint alleged several concerns with Zoom’s advertising and security promises, concluding that Zoom made misleading claims about the strength of its encryption and security of its platform that gave customers a false sense of security. The five-count complaint alleged that Zoom:Continue Reading FTC “Zooms” Into Settlement Agreement with Communications Company Over Concerns with its Security Practices
The Department of Defense is rolling out new regulations over the next five years to set progressive steps toward mandatory cybersecurity certification for government contractors. The first set of requirements goes into effect Nov. 30.
Click here to learn what contractors must do now to ensure they are eligible for award of new contracts, task
Did the U.S. Supreme Court ruling in Barr v. American Association of Political Consultants wipe out nearly five years of liability under the Telephone Consumer Protection Act? One district court answered yes. Does the TCPA apply to text messages? An amicus brief in another case headed to the Supreme Court argued no.
For analysis of
Monetary penalties are the attention-grabbing headline when the FTC or any regulator brings an enforcement action against a company. They are the looming threat to incentivize and influence compliance. Over the summer, FTC Chairman Joseph J. Simons (“Chairman Simons”) issued a statement in connection with a settlement that Chairman Simons believes “the goal of a civil penalty should be to make compliance more attractive than violation. Said another way, violation should not be more profitable than compliance.”
Continue Reading FTC Fines: FTC Chairman Reminds Companies That Fines Are the FTC’s Strategic Tool To Deter Noncompliance
On September 17, 2020, four Republican Senators (Roger Wicker – Mississippi, Chairman, John Thune – South Dakota, Deb Fischer – Nebraska, and Marsha Blackburn – Tennessee) introduced sweeping federal privacy legislation entitled: Setting an American Framework to Ensure Data Access, Transparency, and Accountability (“SAFE DATA”) Act. This proposed comprehensive national privacy law has three main components:
On July 21, the New York Department of Financial Services (NYDFS) filed charges against First American Title Insurance Company (First American) for violating multiple sections of the New York Cybersecurity Regulation, 23 NYCRR 500.00, et seq. The significance of the NYDFS enforcement action cannot be overemphasized. This is the first action filed under the Cybersecurity Regulation, signaling a more aggressive enforcement stance by the regulator. The good news is the filings provide important guidance on best practices and red flags to avoid agency sanctions.
The NYDFS Statement of Charges alleges that First American knowingly exposed tens of millions of documents containing consumer sensitive personal information (e.g., bank account numbers, bank statements, mortgage records, Social Security numbers, wire transaction receipts, drivers’ license images, etc.). The charges further allege that for almost 5 years (from October 2014 through May 2019) these records were available on First American’s public-facing website to anyone with a web browser. The fact that First American failed to remediate the vulnerability, even after it was discovered by a penetration test in December 2018, was particularly troublesome for the regulators. The charges state that, “Remarkably, [First American] allowed unfettered access to the personal and financial data of millions of its customers for six more months. . .” Clearly, the NYDFS found this treatment of sensitive consumer data unconscionable and that First American demonstrated a total disregard for the Cyber Regulations.Continue Reading NYDFS State of Mind: Regulator Focus and Enforcement Trends
FINRA’s examination program has undergone its most significant reorganization in decades. As stated in a press release, Oct. 1, 2018, FINRA’s goal for the reorganization was to “consolidate its Examination and Risk Monitoring Programs, integrating three separate programs into a single, unified program to drive more effective oversight and greater consistency, eliminate duplication and