Four Companies Settle SEC Allegations for “Misleading Cyber Disclosures” Regarding SolarWinds -
On October 22, 2024, the Securities and Exchange Commission (“SEC”) announced settlements with four companies for alleged...more
11/8/2024
/ Artificial Intelligence ,
Consumer Financial Protection Bureau (CFPB) ,
Covered Entities ,
Cybersecurity ,
Disclosure Requirements ,
European Commission ,
Final Rules ,
Notice of Proposed Rulemaking (NOPR) ,
NYDFS ,
Public Disclosure ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Settlement ,
Social Engineering ,
Social Networks ,
SolarWinds ,
UK
FTC Staff Report on Social Media Platforms’ Privacy and Security Practices -
On September 19, 2024, the Federal Trade Commission (“FTC” or the “Commission”) announced the release of its staff report, “A Look Behind the...more
10/11/2024
/ Algorithms ,
Artificial Intelligence ,
California ,
Data Security ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
FTC Act ,
GAO ,
Governor Newsom ,
Governor Vetoes ,
Machine Learning ,
Marketing ,
New Legislation ,
Privacy Laws ,
Settlement ,
Social Media ,
Unfair or Deceptive Trade Practices
SEC Issues New Guidance as to 8-K Disclosures Relating to Cybersecurity Incidents -
On June 27, 2024, the U.S. Securities and Exchange Commission (the “SEC”) issued new guidance on the agency’s guidelines for cybersecurity...more
7/19/2024
/ Artificial Intelligence ,
Bots ,
California Consumer Privacy Act (CCPA) ,
COPPA ,
Cybersecurity ,
Department of Health and Human Services (HHS) ,
Disclosure Requirements ,
Healthcare ,
Online Safety for Children ,
Ransomware ,
Securities and Exchange Commission (SEC) ,
Settlement ,
Tracking Systems ,
UK ,
Websites
FTC Announces Proposed Settlement with Data Aggregator over its Alleged Selling of Precise Location Data -
The Federal Trade Commission (“FTC”), on January 18, 2024, announced a proposed settlement with InMarket Media...more
FTC Settles with Rite Aid on its Use of AI and Processing of Biometric Information -
The Federal Trade Commission (“FTC”), on December 19, 2023, announced that it had reached a settlement with Rite Aid Corporation (“Rite...more
1/19/2024
/ Artificial Intelligence ,
Biometric Information ,
COPPA ,
Data Brokers ,
Data Retention ,
Enforcement Actions ,
Facial Recognition Technology ,
Federal Trade Commission (FTC) ,
FTC Act ,
Inventors ,
Notice of Proposed Rulemaking (NOPR) ,
Opt-In ,
Patents ,
Rite Aid ,
Sensitive Personal Information ,
Settlement ,
UK
President Biden’s recent Executive Order on Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence:
Establishes a federal government-wide effort to mitigate risks of improper AI development and use....more
12/21/2023
/ Artificial Intelligence ,
Biden Administration ,
Consumer Protection Laws ,
Cybersecurity ,
Data Privacy ,
Executive Orders ,
Financial Institutions ,
Financial Services Industry ,
Machine Learning ,
National Security ,
New Guidance ,
NIST ,
Personal Data ,
Reporting Requirements ,
Risk Mitigation ,
Securities and Exchange Commission (SEC)
FTC Settles with Experian for Alleged Customer Spamming -
On August 14, 2023, the Federal Trade Commission (“FTC”) announced a proposed settlement involving Experian Consumer Services (“Experian”). A federal court entered...more
9/1/2023
/ Artificial Intelligence ,
Biometric Information ,
CAN-SPAM Act ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity Summit ,
Data Brokers ,
Data Privacy ,
Data Protection ,
Data Security ,
Draft Guidance ,
Experian ,
Fair Credit Reporting Act (FCRA) ,
Federal Trade Commission (FTC) ,
Opt-Outs ,
Penalties ,
Personal Data ,
Risk Assessment ,
Settlement ,
Spam ,
UK ,
UK GDPR
Proposed EU-US Data Transfer Agreement Continues to Face Obstacles in Parliament -
As we reported in Issue 29 of Cyber Bits, the European Parliament Committee on Civil Liberties, Justice and Home Affairs (the “EP...more
4/28/2023
/ Artificial Intelligence ,
Biden Administration ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
EU-US Privacy Shield ,
European Commission ,
European Parliament ,
Federal Trade Commission (FTC) ,
Health Insurance Portability and Accountability Act (HIPAA) ,
International Data Transfers
Over the last six months, artificial intelligence (AI) has captured the public imagination in a way it never has before. A new generation of AI-powered language models make use of a deep learning architecture known as a...more
4/27/2023
/ Artificial Intelligence ,
Banking Sector ,
Broker-Dealer ,
CFTC ,
Cybersecurity ,
Due Diligence ,
ECOA ,
Federal Trade Commission (FTC) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Institutions ,
Investment Adviser ,
Lending ,
Popular ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Software