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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...

Only YOU can prevent IoT network shutdowns

As tens of billions of additional Internet of Things (IoT) devices are poised to enter the market and infuse our supply chains, on December 4, 2020, President Donald Trump signed the first ever federal law governing IoT devices. The IoT Cybersecurity Improvement Act (the Act) will result in new national rules for federal procurement of IoT devices which, along...

Once more unto the breach: The Supreme Court weighs in on a circuit split on what constitutes a hack

The United States Supreme Court hears arguments to decide the reach of the Computer Fraud and Abuse Act (CFAA). The Court is poised to decide whether to “exceed authorized access” constitutes a hack.The CFAA’s ambiguous language has created a circuit split the Supreme Court will now resolve.This decision will have far reaching implications for employers, employees, and...

California’s new privacy law, the CRPA, was approved: Now what?

On November 3, 2020, California voters passed Proposition 24, the California Privacy Rights Act (CPRA), by approximately 56-44%. This act will substantially amend the California Consumer Privacy Act (CCPA), once it goes into effect on January 1, 2023. Key points on this law:  Builds on the existing framework of the CCPA, while bringing the CCPA closer to Europe’s GDPR;imposes...

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...

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