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Updata – Your quarterly privacy & cybersecurity update

Welcome to the second 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. You can find previous editions on our dedicated webpage....

New guidance proposed on the extra-territorial scope of the GDPR

The agency responsible for administering the General Data Protection Regulation (GDPR) recently proposed guidelines to clarify the extra-territorial scope of Europe’s sweeping new privacy law. While these guidelines are not yet finalized, they indicate that the reach of the GDPR spreads far beyond the European Union. American businesses that had concluded that they were likely exempt...

Vietnam sheds light on impending cybersecurity law

Vietnam recently issued a draft decree that clarifies the scope of its impending cybersecurity law and its impact on foreign businesses. The law is set to go into effect on January 1, 2019, though the implementation of certain requirements that impact foreign companies the most will likely be delayed. Unlike other cybersecurity and data privacy laws passed this year, which were...

Malaysia seeks to expand personal data protection

Malaysia is looking to impose a data breach notification (DBN) requirement to its existing data privacy law, which would impact companies around the world who do business in Malaysia. The Malaysian Personal Data Protection Commissioner is currently hearing feedback on Public Consultation Paper No. 1/2018, which would impose a DBN requirement on companies that need to be registered with...

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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