The U.S. House Financial Services Subcommittee on National Security, International Development and Monetary Policy considered legislative proposals aimed at addressing fraud and cybersecurity vulnerabilities.
The Federal Financial Institutions Examination Council encouraged financial institutions to practice effective risk management concerning cloud computing services.
The California Attorney General proposed additional modifications to proposed regulations for the California Consumer Privacy Act. The Act went into effect on January 1, 2020, and will be enforced starting July 1, 2020.
The Government Accountability Office offered criticisms and recommendations on the Office of Management and Budget "Data Center Optimization Initiative."
U.S. Attorney General William P. Barr highlighted ongoing enforcement challenges resulting from immunity provisions under the Communications Decency Act that protect internet service providers from liability for the content of online speech.
U.S. Senator Kirsten Gillibrand (D-NY) introduced the "Data Protection Act of 2020." The bill would form a national Data Protection Agency to establish and enforce data privacy and cybersecurity practices.
Illinois residents filed a federal class action Complaint against a biometrics company and its licensing agent for gathering biometrics identifiers and information without informed consent.
The DOJ charged four Chinese military personnel with breaking into Equifax's protected computers and stealing approximately 145 million Americans' personal information.
On July 25, 2019, New York Governor Andrew Cuomo signed two bills into law designed to enhance cybersecurity protections by updating New York's data breach notification law.
On September 9, 2019, the U.S. Court of Appeals for the Ninth Circuit ruled that LinkedIn cannot stop a data analytics company from using publicly available information from LinkedIn's website.
On December 6, 2019, experts testified before the House Financial Services Committee on the impact of artificial intelligence on investing, the financial services workforce, and compliance and risk management.
U.S. Assistant Attorney General Brian A. Benczkowski advocated for policies that facilitate the cross-border transfer of critical information among law enforcement agencies investigating multinational criminal cyber networks.
A New York State Senator introduced legislation that would (i) prohibit law enforcement from using biometric surveillance technology and (ii) create a task force to evaluate whether such technology could be used in the future.
The U.S. District Court for the District of Maryland ruled that an insurance carrier should pay out on coverage it sold to a client whose computer system was damaged by a ransomware attack.
SEC Chair Jay Clayton, Commissioner Hester M. Peirce and Division Director Dalia Blass highlighted the importance of ensuring that "Main Street investors" are protected through effective asset management regulation.
