David Keating, partner and co-leader of the firm’s Privacy & Data Security practice, was quoted on Law360 regarding the practical impact on companies of the decision of the European Court of Justice (ECJ) invalidating the EU-U.S. Safe Harbor program for transfers of personal data. The ECJ decision requires companies to evaluate the mechanisms they and their vendors use to move data out […]
Regulation
Kim Peretti Quoted by InsideCybersecurity on Board Involvement in Cybersecurity
Kim Peretti, partner and co-chair of the firm’s Cybersecurity Preparedness & Response Team, was quoted in an InsideCybersecurity daily news report on October 2 titled, “Amid regulatory fears, boards improve on cybersecurity.” A recent report from Georgia Tech Information Security Center shows an increase in boardroom involvement in cybersecurity management – 63 percent of boards are now actively addressing IT […]
European Court of Justice Strikes Down Safe Harbor
In a momentous judgment, the European Court of Justice (“ECJ”) today invalidated the European Commission’s decision establishing the E.U.-US Safe Harbor for transfers of personal data (“Safe Harbor Decision”). The ruling was made with record dispatch, following on an Advocate General Opinion recommending invalidation that was delivered to the Court only two weeks ago. Facts […]
Swire Challenges Factual Basis of Schrems Decision
In an article published today, Senior Counsel Peter Swire challenges the factual basis for the Advocate General’s recent opinion in the so-called “Schrems case” against the E.U.-U.S. Safe Harbor framework. Thousands of U.S. businesses rely on the Safe Harbor framework in order to support the transfer of data from the European Union. As previously discussed […]
SEC Sanctions Investment Adviser Under the Safeguards Rule
The Securities and Exchange Commission (“SEC”) has sanctioned an investment adviser and fined it $75,000 for failing to “adopt written policies and procedures reasonably designed to protect customer records and information.” The SEC alleges that this failure, which was a violation of its Safeguards Rule, contributed to a cyber attack against the investment adviser that […]