Eversheds Sutherland Cybersecurity and Privacy Insights Blog
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The global cyber scourge continues— Hong Kong Monetary Authority alerts banks on recent cyber security incidents

On May 24, 2019, the Hong Kong Monetary Authority (HKMA) issued an alert regarding eight cyber security incidents involving a total sum of HK$70,000 (Alert). While not necessarily a lot of money, it is a timely reminder to banks and the public to stay vigilant across global operations, and to maintain an up-to-date global regulatory strategy. Introduction From the Alert, three banks reported eight cases of unauthorised payment transactions of a total of HK$70,000 over a period of three weeks. It is suspected that the cyber criminals have stolen the customers’ internet banking login passwords...
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Is the CCPA proliferating? A midyear data privacy legislative round-up

While the California Consumer Privacy Act (CCPA) and its potential amendments are still a top concern for businesses, other states are showing that they will not be left behind. With the CCPA still set to go into effect on January 1, 2020, and enforcement delayed until July 2020, we review the major amendments to the CCPA still in play. Not to be outdone by the West Coast, New York is considering its own comprehensive data privacy bill, which may be even bolder than the CCPA. The flurry of state legislative activity during the first half of 2019 shows that cybersecurity and data privacy...
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The new Swedish Protective Security Act

Sweden has joined a growing number of jurisdictions that have passed strict laws to protect security-sensitive activities including cybersecurity laws that extend beyond the protection of personal data and which extend beyond national borders. Learn more.
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Your quarterly privacy & cybersecurity update

Welcome to the third edition of Updata – the international quarterly update from Eversheds Sutherland’s dedicated Privacy and Cybersecurity team. Updata provides you with a compilation of privacy and cybersecurity regulatory and legal updates from our contributors around the globe over the past quarter. This quarter’s report features commentary on a number of interesting developments, including: Updated guidance from the EU’s ENISA on What is “state of the art” in IT security? and a new cybersecurity standard on internet-connected consumer devices. New laws in China, including a draft...
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Microsoft – Eversheds Sutherland Whitepapers: Cyber threats and data sovereignty in the oil & gas industry

Eversheds Sutherland, in collaboration with Microsoft, is delighted to announce the launch of our latest thought leadership papers: Cyber threats in the oil and gas sector: The cyber threat is changing and increasingly in the crosshairs is the energy sector. If you’re an oil and gas company, you can’t afford the loss of confidential information or disruption to operations. Download the whitepaper for practical suggestions on how to keep your organization safe. Data Sovereignty – the oil and gas perspective: Companies are increasingly running up against legal barriers to the free flow and...
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Biometrics beware – Compliance and the Biometric Information Privacy Act

In light of the rising tide of costly class action lawsuits brought under the Illinois Biometric Information Privacy Act (BIPA), companies that use biometrics—even, in some cases, companies outside of Illinois that do not themselves collect biometric information—should be become familiar with this statute’s strict requirements. • Even photographs, when used for security purposes like automated facial recognition, may trigger BIPA under certain circumstances. • BIPA imposes several important requirements relating to consent to collect, store, and use biometric data, as well as destruction and...
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The New Vendor Management World Under NYDFS’ New Cyber Regulation

As of March 1, 2019, the New York State Department of Financial Services’ (NYDFS) cybersecurity regulation, 23 NYCRR Part 500, requires financial services institutions regulated by NYDFS to implement policies and procedures to address the cybersecurity risks posed by third-party service providers to the institutions’ nonpublic information (NPI). Learn more.
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Know Your Tech

Technologies often provide solutions, if not game-changing solutions; but there is no solution that comes without its own challenges. Knowing what those potential challenges are up front is becoming increasingly critical. For both pragmatic and regulatory reasons, it is more important than ever that boards, senior executives and general counsels sufficiently understand technologies such as blockchain, artificial intelligence (AI) and integrated “smart” components to recognize their potential risks, not just their promise. In their article for Cybersecurity Law and Strategy, Eversheds...
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Will you meet the new cybersecurity vendor management requirements? ATTORNEY ADVERTISING

March 1 is upon us, now what? The deadline for the NY Department of Financial Services’ “first of its kind” cyber regulation has arrived for financial services institutions to implement programs that properly evaluate and manage the data security risks posed by their vendors. To manage these risks, institutions must go beyond the traditional vendor management function and far deeper into the contracting process.  Vendor management takes the forefront As part of our approach to advising clients in this new world of cyber regulation, our proprietary methodology includes the use of artificial...
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FTC Issues Largest Fine Ever Under COPPA

On February 27, the Federal Trade Commission announced a settlement with video social networking app TikTok, in which the company agreed to pay $5.7 million for violating the Children’s Online Privacy Protection Act (COPPA), the largest fine issued under the law to date. According to the FTC, the company was aware that children under 13 were using the app but failed to obtain parental consent prior to collecting the children’s names, email addresses, and phone numbers, among other information. The FTC also alleged the company failed to inform parents of its information collection...
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Cybersecurity and Data Privacy review and update: Looking back on 2018 and planning ahead for 2019

From the implementation of the GDPR to the passage of the CCPA, the year 2018 proved to be a monumental one for cybersecurity and data privacy. Regulators from around the world responded to devastating, large-scale cyber-attacks, and a desire for their citizens to have more control over their data, by passing a wide range of regulations aimed at protecting consumer information. These regulations varied in terms of their size and scope but the message sent in 2018 was clear: data privacy and cybersecurity protections are here to stay. The year 2019 is already proving this to be true. In the...
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January’s Privacy Blizzard

The start to 2019 provided scant respite from the frenetic pace of privacy and cybersecurity developments. Already this year, regulators have amended and enforced existing regulations; courts have issued significant interpretations of law; and legislators have proposed new rules aimed at increasing privacy obligations and liability for businesses. This alert highlights the pressing cybersecurity and data privacy updates from the month of January and explains what they mean for companies. Google recently received the largest fine issued under the General Data Protection Regulation (GDPR),...
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Data protection and Brexit – What you can do to prepare

After the historic defeat on 15 January of the draft withdrawal agreement (defeated deal), we consider below what the implications of a no-deal Brexit would be for data protection, and the extent to which the defeated deal would have dealt with any of those issues. We also provide a checklist of actions that businesses can take to help prepare for the outcome in default – a “no deal” Brexit. Learn more.
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The floodgates open – Illinois Supreme Court issues landmark ruling in biometrics case

In a unanimous decision on January 25, 2019, the Illinois Supreme Court found that a plaintiff need not show actual harm to seek relief under the state’s Biometric Information and Privacy Act (BIPA). This is welcome news for plaintiffs’ attorneys who have already used BIPA as a vehicle to file dozens of class action lawsuits against businesses across a wide swath of industries in each of the last few years. According to the Illinois Supreme Court, there is an inherent right to privacy associated with biometric information, which can include data relating to fingerprints, retinas, gait and...
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