On September 28, 2024, Governor Newsome signed a number of bills concerning artificial intelligence (AI) into law. Among those laws were two particularly affect the right to privacy as it applies to AI. AB 1008[1] (Personal Information and AI Systems – effective January 1, 2025) This bill amended the California Consumer […]
Technology & Intellectual Property Update
Instagram Overhauls Privacy for Teens
In mid-September 2024, Instagram announced major changes to its privacy measures for users of the social media platform that are 17 and under. With recent focus on children’s privacy online, including the suit brought by attorneys general last year against Meta, Instagram has seemingly responded to these pressures with this […]
The Continuing Threat of Online Scams
One of the largest threats over the past several years according to the FBI has been the threat of a scheme known as “pig butchering.”[1] Pig butchering describes an online scam that started as a romance scam, an investment scam, a cryptocurrency scam, or one of many other scams, but […]
FDIC Proposes New Rule on Recordkeeping for Custodial Accounts
On September 19, 2024, the Federal Deposit Insurance Corporation (“FDIC”) proposed a set of new rules governing the recordkeeping practices of Insured Depository Institutions (“IDI(s)”). The proposed rule, which is largely a reaction to the recent bankruptcy of SynapseFI, would require IDI’s to maintain records identifying the beneficial owners of […]
The New Regulations S-P Requirements for Brokers-Dealers
Regulation S-P generally required broker-dealers, investment companies, and investment advisors to adopt and implement a variety of cybersecurity and privacy policies. Some of the requirements include maintaining written cybersecurity policies, proper disposal of equipment that may contain sensitive information, and implementing privacy policies. But the Commission proposed and subsequently adopted […]