The U.S. Commodity Futures Trading Commission (Commission) issued a Staff Advisory on best practices for financial institutions that must comply with Gramm-Leach-Bliley Act (GLBA) provisions on data security and customer privacy. GLBA was enacted to ensure that financial institutions respect the privacy of their customers and protect the security and confidentiality of nonpublic personal information. Specifically,… Continue Reading
Top 13 data privacy and security issues for 2013
The Massachusetts AG’s enforcement of its data security law demonstrates that it does not take lightly the loss of Massachusetts residents’ personal information, even if that loss has not caused any known harm to the affected residents, and that it may remain watchful over the subject of an investigation for years to come.
Over the past few months, many businesses, particularly in the Northeast Region, have been focusing on creating a written information security program (WISP) to comply with Massachusetts identity theft regulations that went into effect March 1, 2010. For many, this has been a significant effort, reaching most, if not all, parts of their organizations. However,… Continue Reading
Like individuals, businesses have resolutions/goals for 2010, perhaps even this new decade. As information risk, such as HIPAA or the occurrence of a data breach, continues threaten companies and put individuals’ personal identities, finances and medical information in jeopardy, addressing this issue in the coming years is a worthy resolution for any business. With this… Continue Reading
Data privacy and security laws in states such as Massachusetts, Maryland and Nevada require businesses to develop written policies and procedures that provide administrative, physical, and technological safeguards to protect personal information – or a "written information security program" or "WISP." These laws do not require protections for confidential company information and trade secrets, but… Continue Reading