The Sun reports: The government is planning to amend the Personal Data Protection Act of 2010 to include breach notification requirements that compel companies to inform authorities when a data breach happens in commercial transactions, said Digital Minister Gobind Singh Deo. Gobind said his ministry proposes to table the amendment at the next sitting of…
Category: Legislation
LifeLabs to appeal court’s decision to release Ontario IPC and BC OIPC breach investigation report
The Office of the Information & Privacy Commissioner for British Columbia issued the following statement on May 23 about a case that raises issues of transparency and claims of privileged information: LifeLabs has announced that it is seeking leave to appeal a court ruling upholding the decision of the Information and Privacy Commissioner of Ontario…
SEC Charges Intercontinental Exchange and Nine Affiliates Including the New York Stock Exchange with Failing to Inform the Commission of a Cyber Intrusion
Washington D.C., May 22, 2024 — The Securities and Exchange Commission today announced that The Intercontinental Exchange, Inc. (ICE) agreed to pay a $10 million penalty to settle charges that it caused the failure of nine wholly-owned subsidiaries, including the New York Stock Exchange, to timely inform the SEC of a cyber intrusion as required…
UK to propose mandatory reporting for ransomware attacks and licensing regime for all payments
“Mother, May I?” UK entities may need permission to make ransom payments. Alexander Martin reports: Officials in Britain are set to propose a major overhaul of how the country responds to ransomware attacks by requiring all victims to report incidents to the government, and then obliging those victims to seek a license before making any…
Utah Updates to Breach Notification Requirements Take Effect
Dorothy Parson McDermott of JacksonLewis writes: On May 1, 2024, amendments to Utah’s cybersecurity and data breach notification law took effect. The state’s cybersecurity and data breach notification law requires an organization that conducts business in the State of Utah to prevent the unlawful use or disclosure of personal information collected by the organization. Under…
SEC amends Reg S-P to require data breach notification within 30 days
Aaron Nicodemus reports: The Securities and Exchange Commission (SEC) will require broker-dealers and registered investment advisers to adopt written policies and procedures for handling data breaches of customer data and notify affected customers within 30 days. On Thursday, the SEC approved amendments to Regulation S-P, known as the safeguards rule. The rule requires covered entities to…