The top legal ethics headlines of 2021 and cybersecurity concerns as we head into 2022. Bloomberg Industry Group legal reporter Melissa Heelan and Veronica Glick, partner in Mayer Brown’s Washington DC office and a member of the firm’s National Security and Cybersecurity & Data Privacy practices, are guests. Hosted by Joe Shortsleeve.
Cyber Spotlight: Cybersecurity Developments in Europe, the UK and China
In this National Cybersecurity Awareness Month conversation, Mayer Brown lawyers from our global practice will discuss the latest legal trends and developments relating to cybersecurity in China, Europe and the UK. Topics will include:
- The implications for international businesses seeking to comply with China’s new Data Security Law and Personal Information Protection Law in combination
UK Digital Regulation Cooperation Forum Sets Out its Agenda for 2021/22
The UK Digital Regulation Cooperation Forum (DRCF) – an initiative between the Competition and Markets Authority (CMA), the Information Commissioner’s Office (ICO), Ofcom and, from 1 April 2021, the Financial Conduct Authority (FCA) – has published its Work Plan for 2021 to 2022.
The Work Plan sets out how the four regulators propose to cooperate…
SEC’s OCIE Publishes Observations on Cybersecurity and Resiliency Practices
On January 27, 2020, the US Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (“OCIE”) issued a 13-page report of observations from its examinations of market participants’ cybersecurity and operational resiliency practices.1 This Legal Update discusses the content and context of the report and its implications for entities subject to examination by
Guide to Doing Business in China
Since China opened its doors to foreign investors around forty years ago, it has been a top recipient for international direct investments. Despite the gradual slowdown of the country’s overall economic growth, foreign interest in China continues to be strong. After a slight decline in 2016, foreign direct investment increased again by 3% to US$134.97…
US Federal Trade Commission Proposes Prescriptive Data Security Requirements and Other Updates to Its Gramm-Leach-Bliley Act Regulations
On March 5, 2019, the Federal Trade Commission (“FTC”) proposed a number of revisions to its Gramm-Leach-Bliley Act (“GLBA”) regulations, which would (i) change the Safeguards Rule to require financial institutions to implement specific information security controls (in a departure from the FTC’s current non-prescriptive approach to data security), (ii) update its GLBA Privacy Rule…
Trump’s voter fraud commission must protect data from hackers
Op-ed by Cybersecurity & Data Privacy partner Rajesh De (Washington DC).
CSIS Cyber Policy Task Force Releases “From Awareness to Action—A Cybersecurity Agenda for the 45th President”
The Center for Strategic and International Studies (CSIS) Cyber Policy Task Force released its final report, “From Awareness to Action—A Cybersecurity Agenda for the 45th President.” The report includes implementable recommendations on policy, organization and resources for the next administration.
US Consumer Financial Protection Bureau Brings First Data Security Enforcement Action
On March 2, 2016, the Consumer Financial Protection Bureau (Bureau) undertook its first data security enforcement action in a consent order against Dwolla, Inc., a payment network provider that allegedly made deceptive representations about its data security practices. Although in this matter the Bureau relied upon its authority to take action against “deceptive” practices, the…
Trans-Pacific Partnership Takes On E-Commerce, Cybersecurity and Encryption
The Trans-Pacific Partnership trade agreement (TPP) was signed on February 4, 2016. The TPP concerns a wide range of issues and has been negotiated over several years by the United States and 11 Pacific Rim trading partners (collectively, the Parties). Signing the agreement is not ratification. Rather, it triggers the process by which the TPP…