LexisNexis® Legal Newsroom
CFPB Helps Protect Consumers Against Credit Card Data Breaches

by M. Catherine Wilcox The Consumer Financial Protection Bureau (CFPB) issued a consumer advisory last week instructing consumers on how to protect themselves against recent data breaches and where to get help if their information was stolen. Millions of consumers have been exposed to potential fraud...

GAO Insists That CFPB Must Improve Financial Data Security

by H. Scott Kelly AND Michael E. Lacy According to a recent study by the U.S. Government Accountability Office, the financial data gathered by the Consumer Financial Protection Bureau on 25 million to 75 million U.S. credit cardholders is not safe enough. As part of its government mandate, the GAO...

Up Next: Cyber Insurance Requirements for Banks?

As I noted in a post last week , in a speech earlier this month in which she outlined the steps bank boards can take to address cybersecurity issues, Sarah Raskin, the second-ranking official at the U.S. Department of Treasury, laid out the reasons why banking institutions should be investing in cyber...

NYDFS Advocates for Increased Cybersecurity Regulation by State Agencies

by H. Scott Kelly and Michael E. Lacy On February 25, the Superintendent of the New York Department of Financial Services (“DFS”), Benjamin M. Lawsky, spoke at Columbia Law School regarding the increased role of states as regulators, especially in the case of emerging risks such as cybersecurity...

FTC Urges Start-Ups to Incorporate Cybersecurity Early

by Mary C. Zinsner and Ethan G. Ostroff The Federal Trade Commission is proactively encouraging start-ups to take cybersecurity seriously and include consumer data safeguards early in the innovation process. At the FTC’s Start with Security conference in San Francisco on September 9, FTC Chairwoman...

Discussion of Recent Invalidation of the US-EU Safe Harbor Framework for Online Privacy

Last week, I was a guest on the “This Week in Law” Podcast, where I talked about the potential impact of the recent invalidation of the US-EU Safe Harbor framework for online privacy. This will likely have far-reaching consequences for startups with users in the EU. Click on the link below...