Davis Polk partner Pritesh Shah and associate Daniel Forester are among the authors of a new Practice Note for Thomson Reuters’ Practical Law discussing blockchain technology and recent trends in data privacy law and the tensions between them.  The article explains blockchain technology’s characteristics and describes issues and potential strategies
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We have recently written on whether protecting personal data should be regulated using a property model instead of a privacy model (and concluded, probably not).  Another framework for regulating personal data that is getting increased attention is a national security model, which looks at securing personal data as a means
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Over the last few years, the creation of new cybersecurity regulations has been robust, but actual enforcement has been tepid. This is understandable in any new regulatory regime, especially one where the standards are vague, the conduct is evolving, and therefore, there is considerable uncertainty on the part of the
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We have issued a client alert on three key takeaways on the Office of the Attorney General of California’s recent notice of proposed rulemaking activity and related proposed regulations to provide guidance on the California Consumer Privacy Act.
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As public pressure increases on legislators to better protect the personal information that organizations collect, interest has grown in using a property framework, rather than the current privacy model. On October 1, U.S. presidential candidate Andrew Yang became the latest policymaker to advocate for a data security framework that treats
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As regulators ramp up their cybersecurity enforcement, one area of increasing focus is in-house expertise.  Regulators are starting to explicitly require companies to have qualified data protection personnel.  For example, the New York Department of Financial Services (NYDFS) cyber rules require that companies’ cybersecurity personnel be qualified to manage the
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We first wrote about Business Email Compromise (“BEC”) scams in 2015.  Over the last four years, these attacks have continued unabated.  According to the FBI, in just the last year alone, there were over 20,000 reported BEC scams, with adjusted losses of over $1.2 billion.  One reason this
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The Cybersecurity Law Report recently published an article by Davis Polk titled Lessons from Equifax on How to Mitigate Post-Breach Legal Liability.  The article analyzes the July 2019 settlement between Equifax and the Federal Trade Commission, Consumer Financial Protection Bureau, and 50 state and territorial attorneys general and uses
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We have previously written about legal risks companies will face from the California Consumer Privacy Act (CCPA) when it goes into effect on January 1, 2020.  In short, companies can be subject to consumer class actions alleging statutory damages for mishandled data—and a key defense to those suits will be
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