The Federal Financial Institutions Examination Council encouraged financial institutions to practice effective risk management concerning cloud computing services.
SIFMA President and CEO Kenneth E. Bentsen, Jr. urged the SEC not to make broker-dealers liable for any potential security breaches in the agency's consolidated audit trail.
In a cyber threat advisory, the U.S. Departments of Treasury, State, Homeland Security, and the Federal Bureau of Investigation warned that North Korea is carrying out malicious activities to fund "regime priorities."
The SEC reached separate settlement agreements with two of nine defendants charged with hacking into the SEC's online Electronic Data Gathering, Analysis and Retrieval system.
President Trump issued an Executive Order establishing the Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector.
A broker-dealer firm settled FINRA charges for failing to safeguard personal information of customers from certain persons who had been terminated from the firm.
Investment Company Institute President Paul Schott Stevens urged state governors to grant mutual funds the same exemptions provided to banks when imposing "stay-at-home" directives.
SEC staff issued no-action relief from Consolidated Audit Trail requirements in order to enable broker-dealers to implement COVID-19 contingency plans.
The Treasury Department urged financial institutions to be on alert for malicious or fraudulent transactions, and to notify FinCEN of any potential delays in submitting Suspicious Activity Reports.
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.
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.
In a recent address, CFTC Commissioner Dawn D. Stump offered her perspective on regulatory harmonization, cross-border swap regulations, data protection and the CFTC's proposal on position limits.
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.
