Topic: Regulatory response

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Colorado Division of Securities Adopts Final Cybersecurity Rule

Blockchain digital backgroundBroker-dealers and investment advisers in Colorado will soon be required to comply with new rules designed to protect the electronic information they collect and maintain.  On May 19, 2017, the Colorado Division of Securities adopted final cybersecurity rules under the Colorado Securities Act.  In addition to requiring written procedures that are “reasonably designed to ensure … Continue reading

Target Resolves State Attorney Generals’ Investigation

Data Protection Report - Norton Rose FulbrightOn May 23, 2017, it was announced that Target Corporation had settled the investigation initiated by the Attorneys General[1] of 47 states and the District of Columbia resulting from its 2013 data security incident.  Besides the $18.5 million being paid (the largest State AG data breach settlement amount to date), it is the promised remedial … Continue reading

China Amends Draft Regulation on Cross-Border Data Transfer

Data Protection Report - Norton Rose FulbrightWe have just received a revised draft of the Measures on Security Assessment of Cross-border Data Transfer of Personal Information and Important Data (Measures).  Here we outline the changes made to the draft Measures first issued on 11 April 2017 for public comment (see our previous briefing and blog post here). The revised draft is … Continue reading

Hong Kong: SFC consults on proposed measures to improve cyber security for internet trading of securities in Hong Kong

A two-month consultation on proposed measures to reduce and mitigate cyber security risks associated with internet trading of securities in Hong Kong (the Consultation) was launched on 8 May 2017 by the Securities and Futures Commission (the SFC). The Consultation follows a recent review by the SFC of resilience of brokers in Hong Kong to … Continue reading

White House Issues Cybersecurity Order

Data Protection Report - Norton Rose FulbrightOn May 11th, 2017, the White House released an executive order on strengthening the cybersecurity of federal networks and critical infrastructure (the “Order”).  The Order marks the administration’s first successful effort to address cybersecurity, after an earlier draft executive order on cybersecurity was postponed in January. The Order is divided into three substantive sections covering … Continue reading

Cross-border data transfers: China issues new measures to strengthen data localisation

Hacker using laptop. Lots of digits on the computer screen.The Cyberspace Administration of China (CAC) issued draft measures for implementing the data localisation provisions under the Cybersecurity Law of China (Cybersecurity Law) and the National Security Law of China on 11 April 2017. The draft regulations are open for public comment until 11 May 2017.… Continue reading

UK Information Commissioner Updates Paper on Big Data, Artificial Intelligence, Machine Learning, and Data Protection

Data Protection Report - Norton Rose FulbrightOn 1 March 2017, the UK Information Commissioner’s Office (ICO) published a paper on big data, artificial intelligence, machine learning and data protection (replacing its early paper published in 2014). Although the paper is described as a “discussion paper”, it makes a number of recommendations that those involved in big data projects would be well … Continue reading

UK Information Commissioner Publishes Draft GDPR Consent Guidance

Data Protection Report - Norton Rose FulbrightOn March 2, 2017, the UK Information Commissioner’s Office (ICO) published its draft General Data Protection Regulation (GDPR) consent guidance, and called for comments on the guidance. The consultation is open until March 31, 2017. The ICO will issue final guidance in May 2017. The guidance is detailed, and references the various GDPR Articles and … Continue reading

New York’s financial sector cybersecurity rules take effect

Data Protection Report - Norton Rose FulbrightOn March 1, 2017, a comprehensive set of new cybersecurity rules adopted by the New York Department of Financial Services (DFS) took effect.  The rules require banks, insurers and other entities regulated by DFS to implement a number of specific cybersecurity controls to protect not only personal information but any business information that would cause … Continue reading

US Government Contractors Now Required to Train Employees on Privacy

Data Protection Report - Norton Rose FulbrightEffective January 19, 2017,  an update to the Federal Acquisition Regulation (FAR) will require certain contractors that provide services to the federal government to train their employees on privacy.  New contracts into which the federal government enters with contractors will include privacy training requirements. In addition, the rule requires contractors to flow down privacy training … Continue reading

European Commission Publishes Proposal for the New e-Privacy Regulation

Data Protection Report - Norton Rose FulbrightOn 10 January 2017, the European Commission published the official proposal of the revised e-Privacy Regulation, which amends the current e-Privacy Directive. Many of the alarming changes that were included in the leaked December draft of the Regulation, which we covered, have been changed, resulting in a practical set of rules that align with the … Continue reading

EU Data Package Highlights Connections between Data Protection and the Digital Single Market

Data Protection Report - Norton Rose FulbrightOn January 10, 2017, the EU Commission published a package of documents on the EU’s data economy strategy, including e-privacy, data protection and the “European Data Economy.” The Commission documents,  published in the context of the Commission’s digital single market (“DSM”) initiative announced in May 2015, illustrate again the strong links between the EU’s digital … Continue reading

FDA issues final guidance on postmarket medical device cybersecurity

Data Protection Report - Norton Rose FulbrightOn December 28, 2016, the U.S. Food and Drug Administration (FDA) released final guidance on the management of cybersecurity vulnerabilities for marketed and distributed medical devices.  The guidance establishes a risk-based approach for the reporting of medical device cybersecurity vulnerabilities to the FDA.… Continue reading

Article 29 Working Party Releases GDPR Implementation Guidance

Data Protection Report - Norton Rose FulbrightOn 15 December 2016, the Article 29 Working Party (WP29) issued guidelines and FAQs on the provisions in the General Data Protection Regulation (the GDPR) relating to data portability (Guidelines / FAQs), data protection officers (Guidelines / FAQs), and the lead supervisory authority (Guidelines / FAQs). WP29 will accept comments on these guidelines until the … Continue reading

Leaked Draft of ePrivacy Regulation Published

Data Protection Report - Norton Rose FulbrightEarlier this week, the first draft of the EU’s ePrivacy Regulation was leaked. ePrivacy laws in Europe aim to protect the right to privacy and confidentiality with respect to the processing of personal data in the electronic communications sector (e.g., relating to cookie usage and online direct marketing). The leaked draft is intended to bring the … Continue reading

US Commission on Enhancing National Cybersecurity: Action Plan for the President-Elect

Data Protection Report - Norton Rose FulbrightThe US Commission on Enhancing National Cybersecurity, a nonpartisan group established by President Obama in early 2016, released its final report on December 1, 2016. The report provides an in-depth view of cybersecurity challenges facing the digital economy, and provides a roadmap for addressing those challenges. For some issues, the Commission recommends that the next … Continue reading

Michigan PSC Orders Staff to Draft Rules for Utility Cybersecurity Reporting

Data Protection Report - Norton Rose FulbrightThe cybersecurity practices and procedures of public utility companies servicing Michigan residents will soon be subject to examination by the Michigan Public Service Commission (MPSC).  In an Order issued on November 22, 2016, the MPSC directed its staff to develop rules requiring public utility companies to report to the MPSC on the utilities’ cybersecurity practices and … Continue reading

China Cybersecurity: New Law Increases Security Regulation Over Cyberspace

Data Protection Report - Norton Rose FulbrightOn November 7, 2016, the Standing Committee of China’s National People’s Congress (NPC) voted to pass the Cyber Security Law (unofficial English translation). Its draft has gone through three rounds of readings and it will become effective from June 1, 2017. This legislation provides for the Chinese government’s supervisory jurisdiction over cyberspace, defines security obligations for … Continue reading

EMA Issues Guidance on Anonymization in Clinical Trials

Data Protection Report - Norton Rose FulbrightThe European Medicines Agency (EMA) issued guidance on the implementation of its Policy 0070 on the publication of clinical data for medicines, including with respect to anonymization of clinical reports for publication. (As background, please see our previous briefing on the EMA’s new approach to transparency of clinical studies here.) As of October 2016, all … Continue reading

German DPAs: 500 Companies to be Audited on Data Exports

Data Protection Report - Norton Rose FulbrightTen German data protection authorities (DPAs), led by the Berlin DPA, announced today that they will send formal questionnaires to about 500 companies in Germany to assess the scope of the companies’ cross-border data transfers. In a press release, the DPAs pointed out that the export of personal data to non-EU countries has become a … Continue reading

CJEU Judgement: Dynamic IP Addresses Constitute Personal Data

Data Protection Report - Norton Rose FulbrightOn October 19, 2016, the Court of Justice of the European Union (CJEU) decided that the dynamic IP address of a website visitor is  “personal data” under Directive 95/46EC (Data Protection Directive) in the hands of a website operator that has the means to compel an internet service provider to identify an individual based on the IP … Continue reading

Hong Kong SFC Launches Review on Brokers’ Internet and Mobile Trading Systems

Data Protection Report - Norton Rose FulbrightThe Hong Kong Securities and Futures Commission (SFC) has launched a new cybersecurity review to assess the cybersecurity preparedness, compliance and resilience of brokers’ internet and mobile trading systems. This follows the increasing number of security incidents in which customers’ internet and mobile trading accounts were hacked, including 16 incidents involving seven securities brokers and unauthorized trades in excess … Continue reading

FTC Enforcement Possible for Failing to Guard Against Ransomware

Data Protection Report - Norton Rose FulbrightRecent comments by FTC Chairwoman Edith Ramirez suggest that a company’s failure to take preventative measures to address ransomware could result in an enforcement action by the FTC, even if a company is never actually subject to a ransomware attack. The Chairwoman’s comments reflect a growing concern among US government agencies regarding ransomware and may … Continue reading
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