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Data Matters Blog

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Federal Bank Regulators Require Notifications For Material Cybersecurity Incidents

USA - November 22 2021 On November 18, 2021, a group of federal bank regulators announced a final rule requiring banks to notify their primary federal regulator of any…

SEC Identifies Deficiencies From its Electronic Investment Advice Initiative

USA - November 12 2021 On November 9, 2021, the U.S. Securities and Exchange Commission (SEC) Division of Examinations (EXAMS) released a risk alert (Risk Alert) concerning…

Institutional Investor’s Introduction to Blockchain and Digital Asset Investing

USA - November 2 2021 Given the growth of markets for cryptocurrencies and other blockchain-based assets, often referred to as “digital assets,” we see growing interest…

How Artificial Intelligence Manufacturers Can Protect Themselves Against Future Negligence Claims

USA - October 27 2021 Innovative medical devices have changed the healthcare landscape and will continue making dramatic improvements in patient care. Nevertheless, the…

Data: A New Direction or Misdirection? ICO Responds to UK Government Consultation on Its Proposed New Data Protection Regime

European Union, United Kingdom - October 26 2021 On 7 October 2021, the Information Commissioner’s Office (“ICO”), published its response to the UK Government’s consultation entitled “Data: A new…

National AI Strategy: The UK Government Publishes Its Artificial Intelligence Strategy for the Next Decade

United Kingdom - October 21 2021 On 22 September 2021, the UK Government (the “Government”) published its Artificial Intelligence (“AI”) strategy. The paper outlines the Government’s…

The U.S. Federal Government Continues Its Focus on Ransomware Attacks: CISA, FBA, and NSA Publish Technical Advisory on the Conti Group

USA - October 14 2021 On September 22, 2021, the Cybersecurity and Infrastructure Security Agency (CISA), Federal Bureau of Investigation (FBI), and National Security…

Is the SEC Coming for Your Texts? SEC’s New Enforcement Director Telegraphs a Warning to Registrants About Improper Use of Personal Devices for Business-Related Communications

USA - October 13 2021 The U.S. Securities and Exchange Commission (SEC) Division of Enforcement is stepping up investigative efforts looking at registered firms’ use of…

Data Breaches are More Expensive than Last Year, New IBM Security Report Finds

USA - October 12 2021 Death, taxes and data breaches. Cybersecurity incidents have grown in frequency, scale and seriousness. As articulated in President Biden’s May 2021…

Changes to FTC Rulemaking Procedures Herald More Aggressive Action on Consumer Privacy

USA - October 4 2021 On July 22, 2021, the Federal Trade Commission finalized important changes to its procedures for rulemaking under Section 18 of the FTC Act. Section…