The era we live in requires the digitalization of all subjects interacting with people, from giant companies to small-scale organizations. It is unquestionable that this trend has made significant contributions to the data collection process. But the larger the volume of data collected, the greater the risk of a security breach. For this reason, it is essential to control the security and transparency of personal data.
On March 9, 2022, the Securities and Exchange Commission (SEC) announced proposed rules and amendments to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and incident reporting. These proposed amendments impact all public companies subject to the reporting requirements of the Security Exchange Act of 1934. To summarize this proposal and learn how to successfully prepare for them, read on.
California Consumer Privacy Act is a data privacy regulation established in the US. Achieving and maintaining compliance with the regulation can be overwhelming for organizations. But with the right understanding of the CCPA Compliance regulation and adhering to the compliance requirements, achieving compliance can be easy. So, explaining the regulation in detail we have shared an informative checklist that organizations can refer to as steps to achieve CCPA compliance.
In a previous article, I examined Australia’s proposed Security Legislation Amendment (Critical Infrastructure) Bill 2020. This information security overhaul imposes strict reporting requirements for enterprises as well as affords the Australian government unprecedented and far-reaching powers that enables them to intervene in the operation of an organisztion’s network in the event of a threat to critical infrastructure.
The US Senate has passed legislation designed to improve the cybersecurity of the Federal Government. The legislation, which consists of three bills, was unanimously passed by the Senate on Tuesday evening, and would – amongst other things – require organisations working in critical industry sectors to alert the US Government about hacks and ransomware attacks.
The Gramm-Leach-Bliley Act, known as the GLBA, was passed in 1999 under President Clinton. The goal of the GLBA was to update and modernize the financial industry. Today, it’s primarily used to protect customer and consumer information, with steep penalties for financial institutions that violate its privacy rules. Here’s what you need to know about the GLBA and its regulations.
Many countries around the world recognized Data Protection Day in January — a day that highlights the importance of protecting individual privacy and data against misuse. The U.S. celebrated Data Privacy Day, where privacy and security have often been seen as two separate issues. This is evidenced by the way law has historically developed.
The Federal Trade Commission (FTC) put significant updates into effect on January 10th, 2022, to strengthen the Standards for Safeguarding Customer Information (Safeguards Rule) under the Gramm-Leach-Bliley Act (GLBA) to protect consumer data collected by financial institutions. The amendment applies to nonbank financial institutions and requires them to develop, implement, and maintain a comprehensive cybersecurity program in order to protect their customers’ information.
