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A Cybersecurity Storm and Winds of Change: NY DFS requires all New York financial institutions to report effects of SolarWinds hack

The New York Department of Financial Services (NY DFS) issued an alert on Friday, December 18, 2020, requiring all NY DFS regulated entities to immediately report whether they have been affected in any way by the massive, state-sponsored security breach of SolarWinds.  NY DFS’s request for immediate notification from all affected entities goes beyond what is normally required...

Your quarterly privacy & cybersecurity update

Welcome to the ninth edition of Updata!  Updata is our US and international update on the most important privacy and cybersecurity regulatory and legislative developments from the past quarter, July to September 2020.   Full of newsworthy items from our global team members, this edition includes updates on:  the Schrems II court decision, which invalidated the EU-US...

No rest for the weary: cybersecurity and privacy enforcement actions heat up

A recent wave of cybersecurity and privacy enforcement actions cautions businesses dealing in personal data to strengthen their security and compliance plans. The New York Department of Financial Services recently announced its first enforcement action under its cybersecurity regulation. The California Attorney General began enforcement-related inquiries under the newly enacted...

FinCEN advisory highlights increased cybercrime risks during COVID-19

FinCEN Advisory Zeroes in on Opportunistic Cybercrime During the COVID-19 Pandemic: Cybercriminals are hard at work taking advantage of weaknesses in remote processing; FinCEN issues Advisory highlighting red flags that compliance officers should be familiar with to help shore up compliance gaps; Advisory issuance signals possible increased attention by FinCEN on these crimes and...

Your quarterly privacy & cybersecurity update

Welcome to the eighth edition of Updata! Updata is an international report produced by Eversheds Sutherland’s dedicated Privacy and Cybersecurity team – it provides you with a compilation of key privacy and cybersecurity regulatory and legal developments from the past quarter. This edition covers April to June 2020 and is full of newsworthy items from our team members around the globe,...

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