News & Analysis as of

Third-Party Service Provider Vendors Data Protection

BakerHostetler

Deeper Dive into the Data - May 2024

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Every spring, BakerHostetler collects, analyzes, and compares key metrics on the incident response matters we handled in the prior year. The output – our Data Security Incident Response (DSIR) Report – highlights key findings...more

Bass, Berry & Sims PLC

CPRA Draft Regulations – Round One

The California Privacy Protection Agency (CPPA or Agency) published 66 pages of proposed draft regulations (Draft Regulations) that govern the California Privacy Rights Act (CPRA) as a special treat on Friday, May 27 for some...more

Mitratech Holdings, Inc

What is Vendor Risk & Vendor Risk Management (VRM)?

Vendor risk management (VRM), or third-party risk management, is the management, monitoring, and evaluation of risks that result from third-party vendors and suppliers of products and services. It’s a crucial initiative...more

Robinson+Cole Data Privacy + Security Insider

Tyler Technologies Victim of Cyber-Attack

As one of the largest information technology service providers to local governments, the cyber-attack on Tyler Technologies (Tyler) in Plano, Texas is a sobering reminder of how a cyber-attack on a third-party vendor can put...more

Mitratech Holdings, Inc

Previewing Interact 2020: Why Is This a Critical Moment for Vendor Risk Management?

Among the many other hard lessons the COVID-19 pandemic has been teaching businesses, there’s this one: Vendor risk management has become even more complex than before. Frighteningly complex, in fact, making it even more...more

Mitratech Holdings, Inc

Managing Third-Party Vendor Regulatory Compliance

Data breaches are a hot topic and will undoubtedly get even hotter. Cybersecurity for your own enterprise isn’t enough — you must evaluate your vendors and determine if they’re prepared to resist cyberattacks.  ...more

Shook, Hardy & Bacon L.L.P.

COVID-19 Client Primer | Maximizing Teleconferencing Privacy

ANALYSIS - Maximizing Teleconferencing Privacy - With much of the nation under orders that limit employees’ ability to go into the office, organizations around the world are increasingly moving entire businesses online...more

Harris Beach PLLC

New York Board of Regents Approves Part 121 Regulations Required by Education Law § 2-d

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January 14, 2020, the Board of Regents formally adopted Part 121 to the Commissioner’s Regulations to implement Education Law § 2-d. The regulation will become effective January 29, 2020. This regulation primarily addresses...more

Akin Gump Strauss Hauer & Feld LLP

SEC OCIE Issues Guidance on Advisors’ and Broker-Dealers’ Cloud-Based and Other Network Storage of Customer Data

• On May 23, 2019, the Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert describing its observations in past examinations of weaknesses and best practices...more

Faegre Drinker Biddle & Reath LLP

U.S. Securities and Exchange Commission Issues Risk Alert Regarding Safeguarding Customer Records and Information Stored on...

On May 23, 2019, the United States Securities and Exchange Commission (“SEC”)’s Office of Compliance Inspections and Examinations (“OCIE”) issued a Risk Alert entitled “Safeguarding Customer Records and Information in Network...more

Akin Gump Strauss Hauer & Feld LLP

Upcoming February and March Deadlines Under New York DFS Cybersecurity Regulation, Including New Third-Party Service Provider...

This client alert will briefly outline key upcoming deadlines under the New York State Department of Financial Services (DFS) Cybersecurity Regulation (the “Regulation”). These include annual filing deadlines coming up in...more

Sheppard Mullin Richter & Hampton LLP

Company’s Vendor Suffers Breach, No Business Associate Agreement, $500K OCR Settlement

A Florida staffing agency which provides physicians to hospitals and nursing homes, has agreed to a $500,000 settlement with the U.S. Department of Health and Human Services, Office for Civil Rights. The settlement comes...more

Bass, Berry & Sims PLC

Privacy Perils: Ignorance is Not Bliss

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After several years of cyberattacks, you may be lulled into thinking large, sophisticated companies have now employed adequate safeguards to prevent disclosure of your confidential information. Don’t be so sure. Earlier this...more

BCLP

Third Party Vendor Management Programs

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Third-party service providers present difficult and unique privacy and cybersecurity challenges. Vendor management is important throughout the life of a relationship with your service provider. ...more

Fenwick & West LLP

California’s New Landmark Data Privacy Regulation and What Companies Need to Do to Comply

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What You Need to Know Now - • The new law takes effect January 1, 2020, but there’s a lot to do so you need to start work now. • The new law expands the definition of personal information and gives California consumers...more

Bracewell LLP

Who Is Watching The Watchmen?: CFTC Penalizes Registrant For Outsourced IT Security Lapses

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On February 12, 2018, the Commodity Futures Trading Commission (CFTC) settled charges against AMP Global Clearing LLC (AMP), a futures commission merchant (FCM), for the company’s failure to adequately supervise one of its IT...more

Vedder Price

100 Days Until GDPR … Are You Ready?

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What Is GDPR?- The EU General Data Protection Regulation (GDPR),—described as “the most important change in data privacy regulation in 20 years”—becomes enforceable by law on May 25, 2018. After four years of preparation...more

Harris Beach PLLC

Deadline Looms for Companies to Meet GDPR Compliance

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The European Union’s (EU) comprehensive General Data Protection Regulation 2016/679 (GDPR) replaces the long-standing Data Privacy Directive 95/46-EC (Directive), regulates the collection, processing, and transfer of an...more

Patterson Belknap Webb & Tyler LLP

DFS Cyber Regulation: Part II – An Interview with Bay Dynamics’ Steven Grossman

This is the second installment in our interview with Steven Grossman, VP Strategy & Enablement at Bay Dynamics, the cyber risk analytics company. Here, Steven discusses the importance of aligning an institution’s risk...more

Foley & Lardner LLP

HIPAA Compliance: Navigating a Health Care Minefield

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In the two decades since its original passage, complying with the federal Health Insurance Portability and Accountability Act (HIPAA) hasn’t gotten any easier. Enacted with the primary goal of protecting the confidentiality,...more

Morris James LLP

Delaware Student Data Privacy Protection Act Awaits Governor’s Signature

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With the continuing push for more prolific and creative use of technology in Kindergarten through 12th grade classrooms, student data has become more valuable, and the protection of that data of greater concern. In the face...more

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