Eversheds Sutherland Cybersecurity and Privacy Insights Blog
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Your quarterly privacy and cybersecurity update

Welcome to the latest 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 important developments,...

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...

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...

Videocast: Blockchain technology in the financial services industry

Blockchain and distributed-ledger technology hold tremendous promise, far beyond cryptocurrencies. However, there are also real pitfalls, which are often not identified until it is too late. This Bottom Line videocast discusses: What is blockchain, and how is it broader than bitcoin and other cryptocurrencies? Why it may be revolutionary, but why it will not solve all problems—and why...

Virtual currencies as commodities—CFTC wins battle in the fight to define cryptocurrencies as commodities but has it won the war?

A federal court in Massachusetts allowed the US Commodity Futures Trading Commission’s fraud case against virtual currency operators to continue by finding that the digital coin met the definition of “commodity” under the Commodity Exchange Act. The court rejected the defendants’ argument that the virtual currency at issue was not a “commodity” because there was no futures contract...

Financial institutions in Singapore to strengthen their cyber resilience— Monetary Authority of Singapore consults on cyber security measures

Recently, JPMorgan Chase CEO Jamie Dimon warned that the “biggest vulnerability” for the financial system is the threat of cyber attacks. Hackers, especially those working for nation-states, have grown more sophisticated and more determined, especially as geopolitical tensions rise. On September 6, 2018, the Monetary Authority of Singapore (MAS) issued a Consultation Paper on the...

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