Remove 2020 Remove Data Privacy Remove Financial Services
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Security Compliance & Data Privacy Regulations

eSecurity Planet

Regulatory compliance and data privacy issues have long been an IT security nightmare. And since the EU’s General Data Protection Regulation (GDPR) took effect May 25, 2018, IT compliance issues have been at the forefront of corporate concerns. GDPR-style data privacy laws came to the U.S. Location Matters.

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NYDFS Cybersecurity Regulations: A glimpse into the future

Thales Cloud Protection & Licensing

The cybersecurity regulation ( 23 NYCRR 500 ) adopted by the New York State Department of Financial Services (NYDFS) is nearly two years old. Leading up to that date, companies have had to meet several milestones including hiring a CISO, encrypting all its non-public consumer data and enabling multi-factor authentication.

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How can banks succeed in the digital banking era?

Thales Cloud Protection & Licensing

trillion in 2020.”. To compete, financial institutions are investing heavily in digital transformation. The full digitization of contracts, subscriptions and consumption of services. This drive towards digital transformation allowed financial services to be one of the sectors that better weathered the Covid 19 pandemic.

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Navigating the EU-US Data Protection Framework

Thales Cloud Protection & Licensing

Navigating the EU-US Data Protection Framework sparsh Thu, 01/11/2024 - 05:26 On 10 July 2023, the European Commission adopted a new adequacy decision regarding the Data Privacy Framework (“DPF”). This follows the invalidation of the EU-US Privacy Shield, by the Court of Justice of the European Union on 16 July 2020.

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Congratulations to Sidley’s Newest Partners!

Data Matters

Congratulations to our 30 colleagues, including Kate Heinzelman and Tomoki Ishiara , for their election to the Sidley Austin partnership , effective January 1, 2020. Tomoki works out of Sidley’s Tokyo office and supports our global privacy practice in the Asian market. Kate also served as a law clerk to Chief Justice John G.

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Developments in Health Privacy and Cybersecurity Policy and Regulation: OCR Issues Cybersecurity Warnings and New Health Data Legislation Is Introduced

Data Matters

For example, the number of breaches of unsecured electronic Personal Health Information (“ePHI”) reported to the OCR affecting 500 or more individuals due to hacking or IT incidents increased 45% from 2019 to 2020. The Bill is set for review for the Committee on Health, Education, Labor, and Pensions.

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NYDFS settles with EyeMed for $4.5 million

Data Protection Report

On October 18, 2022, the New York Department of Financial Services announced a settlement with EyeMed, a licensed life, accident, and health insurer, with respect to a security incident that occurred in 2020. Those emails came to the attention of EyeMed’s IT department and also its customers, who complained.