This summer, the Securities and Exchange Commission (SEC) adopted rules to enhance and standardize disclosures by public companies regarding cybersecurity risk management, strategy, governance, and incidents.  

The rules will impose a number of new requirements, including disclosures regarding:

  • Material cybersecurity incidents, which must be made within four (4) business days – a tight timeline

FTC Safeguards Law (and Car Dealerships)

June 9th marked the deadline for financial institutions, including certain non-banking institutions that collect or maintain sensitive customer information (e.g., car dealerships), to implement a comprehensive information security program to comply with the Federal Trade Commission’s updated Safeguards Rule. For additional information, see our post: Reminder: The

Welcome to Utah - Life Elevated - Welcome Signs on Waymarking.comJust as businesses are preparing to ensure compliance with similar laws in California, Colorado, and Virginia, they soon will need to consider a fourth jurisdiction, Utah. On March 24, 2022, Governor Spencer Cox signed a measure enacting the Utah Consumer Privacy Act (UCPA). The UCPA is set to take effect December 31, 2023. Note,

Effective July 9, 2021, certain retail and hospitality businesses that collect and use “biometric identifier information” from customers will need to post conspicuous notices near all customer entrances to their facilities.  These businesses will also be barred from selling, leasing, trading, sharing or otherwise profiting from the biometric identifier information they collect from customers.  Customers