A new proposed law would require businesses in the U.S. to disclose any ransomware payments within 48 hours of the transaction. The bicameral Ransom Disclosure Act, drafted by Sen. Elizabeth Warren and Rep. Deborah Ross, would mandate companies and organizations (but not individuals) to provide the U.S. Department of Homeland Security […]
Technology & Intellectual Property Update
The Securities Exchange Commission Enacts New Data Breach Requirements
on Thursday, 28 October 2021 in
Technology & Intellectual Property Update: Arianna C. Goldstein, Editor
The SEC entered into a settlement agreement with Pearson PLC (“Pearson”), an educational publishing company[1] emanating from a data breach suffered by Pearson. In the agreement, the Commission found that Pearson “made material misstatements and omissions regarding a 2018 cyber intrusion.” The 2018 breach encompassed a large amount of data […]
California Enacts New Laws to Protect Genetic Data
on Thursday, 28 October 2021 in
Technology & Intellectual Property Update: Arianna C. Goldstein, Editor
Over the course of the past several years, California has pursued an aggressive approach in adopting legislation intended to protect the privacy and security of personal information, including through the adoption of the California Consumer Privacy Act (“CCPA”) and the enhancement of certain rights provided under the CCPA that were […]
CPPA Seeks Preliminary Comments on Rulemaking for the CPRA
on Wednesday, 29 September 2021 in
Technology & Intellectual Property Update: Arianna C. Goldstein, Editor
The newly formed California Privacy Protection Agency (“CPPA”) issued an Invitation for Preliminary Comments on Proposed Rulemaking under the California Privacy Rights Act of 2020 (the “CPRA”), on September 22. Earlier this year we detailed the specifics of the CPRA, and now the CPPA, which was established under the CPRA, […]
CFPB Issues Proposed Rule on Small Business Lending; Requiring Increased Data and Collection and Reporting Requirements
on Wednesday, 29 September 2021 in
Technology & Intellectual Property Update: Arianna C. Goldstein, Editor
On September 1, the Consumer Financial Protection Bureau (“CFPB”) issued a Notice of Proposed Rulemaking to amend Regulation B in order to implement certain changes to the Equal Credit Opportunity Act (“ECOA”). The proposed rule, which was mandated by Congress as part of Section 1071 of the Dodd-Frank Act, would […]
