On October 19, President Trump formally announced his nomination of Joseph Simons to serve as Federal Trade Commission Chair for a seven-year term.
Simons would assume the chairmanship of the agency in lieu of Acting Chair Maureen Ohlhausen, who took the position last January and is expected to remain with the Commission until the expiration
With breaches of nearly 150 million Americans’ personal information flooding the news the last few weeks, followed by the filing of more than 50 class action lawsuits to date, and the announcement of an FTC investigation, cybersecurity is squarely on the minds of and on the table in boardrooms across the country. On September 14, 2017, Reed Smith was pleased to host Dawn-Marie Hutchinson, Executive Director with Optiv’s Office of the Chief Information Security Officer, to talk about the latest trends in information security and to support boards in this important emerging area. Coming out of the webinar, one of the most important questions that came up was not so much “What should boards do?” but what are boards actually doing, and how boards and executives can benchmark.
Importantly, this is an issue that has been closely monitored by and extensively analyzed by the National Association of Corporate Directors (“NACD”). Not only has the group surveyed directors, but it has also written a handbook with extensive guidance for officers and directors. The guidance comes at a very critical time as the market has been flooded with white papers and other guidance for information security pros and CIOs on how to talk to boards about cybersecurity risk. At the same time, boards are asking among themselves and their advisers, what they should do or be doing. The NACD identified five things it believes boards should be doing. These activities include:
Continue Reading From the Server Room to the Board Room: D&O and Cybersecurity Emerging Trends
The Better Business Bureau’s Online Interest-Based Advertising Accountability Program has cracked down on two digital advertising companies for allegedly violating the industry’s self-regulatory principles concerning interest-based advertising.
In the case of Exponential Interactive, the accountability program decision reminds third-party advertisers, as defined in the Digital Advertising Alliance Self-Regulatory Principles, that they are obliged to
The Federal Trade Commission has published a new guide that seeks to make compliance with the Children’s Online Privacy Protection Act (COPPA) as easy as 1, 2, 3, 4, 5, 6. Drawing from its detailed FAQs, the FTC has developed an even more streamlined, six-step DIY instruction manual designed for busy businesses that want
Nevada is the latest state to clarify blockchain’s legal status under state law. The law, Senate Bill 398, was signed by the governor June 5, and prohibits local governments from imposing taxes or fees on the use of a blockchain; requiring a certificate, license, or permit to use a blockchain; or imposing any other
Nearly every state in the United States requires notification when certain personal information is lost, stolen, or misused. However, the many state laws vary in subtle but crucial respects, making it difficult to get to a bottom line quickly. Reed Smith’s Information Technology, Privacy & Data Security practice is thrilled to release a first-of-its-kind tool
This month’s WannaCry ransomware attack is the latest example of how these targeted attacks can cripple operating systems, with the bitcoin payments the price for alleged relief.
In the attack, the WannaCry ransomware computer worm targeted the Microsoft Windows operating system, infecting more than 230,000 computers in 150 countries. The ransomware was allegedly spread through
A panel on legal reform in the area of privacy and data security at this week’s IAPP Summit provided an opportunity for a discussion between businesses and regulators, as well as for the launch of a white paper on the activities of the plaintiffs’ bar in this area that Reed Smith prepared for the U.S. Chamber Institute for Legal Reform (ILR).
The panel, “Lessons in Liability: The US Privacy Landscape and Proposals for Reform,” featured Tanya Madison, Chief Privacy Counsel at TD Bank; Howard Beales, Professor of Strategic Management and Public Policy at the George Washington School of Business, and former Director of the Bureau of Consumer Protection at the Federal Trade Commission; and Oriana Senatore, Vice President of Policy & Research at the U.S. Chamber of Commerce Institute for Legal Reform.Continue Reading Data Privacy and Security Legal Reform, and Plaintiffs’ Bar White Paper the Focus of IAPP Panel
A panel at a meeting of the National Association of Attorneys General highlighted data breaches and privacy in the context of new technology, signalling that state regulators are focused on consumer protection in this area.
The panel at the Southern Regional Meeting in Charlottesville on April 4 was devoted to emerging technologies, privacy concerns, and
The Federal Trade Commission continues its efforts to be the leading federal regulator in the areas of privacy and data security. Its latest FinTech Forum highlights emerging issues relating to blockchain, machine learning, and related tools that increasingly influence how sensitive information about consumers is collected, used, shared and secured. These programs help inform the