TECHNOLOGY, OUTSOURCING, AND COMMERCIAL TRANSACTIONS
NEWS FOR LAWYERS AND SOURCING PROFESSIONALS
President Donald Trump signed the NIST Small Business Cybersecurity Act, S. 770 (formally known as the “Min Street Cybersecurity Act”) into law on August 14.
As detailed in a prior blog post, California’s new privacy law, commonly referred to as the CCPA seeks to impose tougher privacy requirements on companies that collect and use consumer data.
The US Department of Homeland Security (DHS) hosted the first National Security Summit on July 31 in New York City.
The World Bank announced on August 10 that 70 years after its first bond transaction, it will be issuing the first bond to use entirely blockchain technology, in part to help the bank gain experience in the use of blockchain. The World Bank’s innovation lab partnered with the Commonwealth Bank of Australia (CBAUF) and Microsoft on this endeavor almost a year in the making.
Moscow partners Anastasia Dergacheva and Brian L. Zimbler and associate Kseniya Lopatkina recently published a LawFlash on the new rules in Russia for platforms that aggregate information from online stores. Federal Law No. 250-FZ, signed on July 29, 2018, provides additional protection for consumers acquiring goods and services through online platforms. For more information on the effects of this new law, read the LawFlash.
This July, the 2018 Cost of Data Breach Study: A Global Overview was released as an independent study by Ponemon Institute, LLC, sponsored by IBM Security.
The European Court of Justice (ECJ) in Luxembourg rendered a judgment on July 12 that explains, among other things, what a (joint) data controller is. The judgment is on the “old” EU Data Protection Directive 95/46/EC, but the relevant provisions in the General Data Protection Regulation (GDPR), Art. 4 and 26, are very similar.
The Pittsburgh session of the annual Cyberlaw Update for the Pennsylvania Bar Institute (PBI) will take place on Tuesday, July 17. Moderated by Morgan Lewis partner Peter Watt-Morse, the update enters its 21st year and this year’s seminar will focus on current hot-button issues including blockchain and cryptocurrency and security and privacy concerns related to social media, IOT, GDPR, and the Dark Web.
Alphabet Inc.’s Google has taken advantage of the European Union's General Data Protection Regulation (GDPR) to gain a larger share of digital marketing spending in Europe.
Based on the flood of updated privacy policies that have inundated email boxes throughout the world, it is clear that the European Union's General Data Protection Regulation (GDPR) is now in full effect.