For years, the default setting at many companies was to keep electronic data indefinitely. Storage is cheap, there are legal risks associated with deleting data, and you never know when an email from 10 years ago is going to become important. Some companies have document management policies, but often they … Read More
Readers of our blog know that the NYDFS cybersecurity rules and the European GDPR are part of a trend in regulation towards onerous breach notification requirements with very short (i.e., 72-hour) deadlines. But there are other, less well-known examples.
Alabama and South Dakota recently passed data security statutes, which means … Read More
On Halloween, the New York and Vermont attorneys general obtained a $700,000 settlement from Hilton for, among other violations, late breach notification. Earlier this week, we noted that the Reserve Bank of India (“RBI”) imposed a $1 million USD fine on India’s Yes Bank for violating RBI’s 2 to 6 … Read More
We have issued a memo on recent proposed cybersecurity regulations by the New York State Department of Financial Services that would be more stringent than existing federal requirements for certain financial entities. The memo highlights similarities and differences between the proposed regulations and federal regulations and guidance.