On November 10, 2020, the European Data Protection Board issued two new pieces of guidance. Read together, they outline a detailed methodology to follow when conducting data transfers under the EU General Data Protection Regulation – such guidance has been keenly anticipated following the Court of Justice for the European […]
CFIUS Rule Puts National Security Spotlight on Investments that Result in Foreign Access to Sensitive Personal Data
Personal data is now a strategic asset under federal regulations. On October 15, 2020, a Final Rule by the Committee on Foreign Investment in the United States (CFIUS or the Committee) will become effective, imposing new requirements for foreign investment in light of national security risks related to sensitive personal […]
Key takeaways Switzerland aligns with the Schrems II decision +5,000 organizations impacted by the Swiss announcement Contractual and technical measures, on an ad hoc basis, could be put in place to adequately protect data Absent viable measures that meet Swiss law requirements, parties should not engage in cross-border data transfers […]
On August 30, 2020, the California Legislature passed Assembly Bill 1281, which would extend until January 1, 2022 the exemptions under the California Consumer Privacy Act for certain human resources and business-to-business information. Governor Newsom has until September 30, 2020 to sign or veto AB 1281. If the governor takes […]
The New York Department of Financial Services recently initiated its first action to enforce the department’s cybersecurity regulation. The regulation has been in effect since March 1, 2017 and applies to all financial institutions regulated by the NY DFS.
Brazil’s data protection law, Lei Geral de Proteção de Dados (LGPD) (English translation available here), took a significant step forward on August 26, 2020, when the Brazilian Senate rejected the Chamber of Deputies’ proposal to postpone the LGPD’s effective date until December 31, 2020. The Senate also adopted a proposal […]
On August 14, 2020, the California Attorney General announced that the state’s Office of Administrative Law approved the AG’s proposed regulations pursuant to the California Consumer Privacy Act. The final regulations, which took immediate effect on the day of the announcement, reflect the withdrawal of the following provisions (as well […]
In a little-noticed consent decree in the fall of 2019, the Federal Trade Commission took the position that businesses whose services facilitate financial operations on behalf of financial institutions may themselves be financial institutions subject to the privacy and data security requirements under the Gramm-Leach Bliley Act. This decision may […]
Europe’s Highest Court Invalidates the EU-US Privacy Shield, Casts Doubt on Viability of Model Clauses for Data Transfers to the US
On July 16, 2020, the Court of Justice of the European Union issued a decision that uprooted long-standing legal frameworks on which thousands of US and EU companies have relied to transfer personal data from the EU to the US.
On June 1, the California Attorney General submitted its final proposed regulations implementing the CCPA to the California Office of Administrative Law (OAL) for its review and approval. The final regulations contain no material changes from the second modified draft regulations issued on March 11, 2020 (which is discussed in […]