On February 9, 2022, the U.S. Securities and Exchange Commission (“SEC”) proposed a package of new rules and amendments to enhance cybersecurity preparedness and improve cyber resilience of investment advisers and investment companies against cybersecurity threats and attacks. If adopted, these rules will incorporate existing SEC staff guidance on cybersecurity policies and…
The UK’s Newly Assertive FCA pushes Google to Check Fintech Companies’ Drive Into Europe Subject to mounting pressure from UK lawmakers and regulators, in June 2021 Google announced a new policy that could limit the ability of US fintech companies to advertise in the UK – a key market for…
In what is likely the largest industry-wide vulnerability since the SolarWinds Orion flaw uncovered late last year, a critical software bug was recently discovered within Apache Log4j, an open-source logging utility widely used in business software development. A long list of technology companies have already reported being affected, including such…
In response to the growing threat to financial stability posed by cybersecurity incidents, the Office of the Comptroller of the Currency (OCC), the U.S. Department of the Treasury, the Federal Reserve Board, and the Federal Deposit Insurance Corporation (FDIC) (collectively, the “agencies”) published a rule titled “Computer-Security Incident Notification Requirements…
View our Breaking Down the FTC’s Updates to the Safeguards Rule Webinar here. Below, find more details about what topics were covered in this webinar by Goodwin partners Boris Segalis and Anthony Alexis, and moderated by Mia Havel, Senior Privacy Counsel at Marsh & McLennan. You may also view materials…
Goodwin is thrilled to welcome Omer Tene and Lore Leitner to the data + privacy + cybersecurity group! More info
The exponential rise in ransomware attacks in the past year has everyone on high alert, not least of which are regulators. Following on the heels of a June 2, 2021 White House memo addressing ransomware prevention, on June 30, 2021 the New York Department of Financial Services (“NYDFS”) issued new ransomware guidance of its…
On May 12, President Biden signed an Executive Order on Improving the Nation’s Cybersecurity. The order comes on the heels of a number of recent widely reported cybersecurity crises, including the Solar Winds and Microsoft Exchange compromises, that brought renewed attention to the glaring gaps in supply chain security. By wading into the issue of software…
New York City tenants harboring “big brother” concerns over landlords abusing data collected through smart access (i.e., keyless entry) systems will soon be able to rest easier. Following California, Virginia, and the British Virgin Islands, the New York City Council recently became the latest legislative body to pass privacy legislation with the Tenant Data…
On April 12, New Mexico became the 17th state in the U.S. to legalize the recreational use of cannabis by people 21 years old or older, paving the way for the emergence of a multitude of cannabis dispensaries looking to cash in on what may become one of the nation’s largest…