Katten Privacy, Data and Cybersecurity quick click is a monthly newsletter highlighting the latest news and legal developments related to privacy, data and cybersecurity issues from around the world.
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President Biden issues Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence
Written by Trisha Sircar
According to fact sheet In this document released by the White House on October 30, 2023, President Biden announced a breakthrough plan to ensure the United States stays ahead of the curve in capturing the promise of artificial intelligence (AI) and managing risks. issued a presidential order. This executive order establishes new standards for AI safety and security, protects Americans’ privacy, promotes equity and civil rights, defends consumers and workers, and fosters innovation and competition. and to promote and advance American leadership around the world. As part of the Biden-Harris administration’s comprehensive strategy for responsible innovation, this executive order is an initiative that led to a voluntary effort by 15 leading companies to advance the development of safe, secure, and trustworthy AI. It is based on actions the president has taken to date. Read more about the actions President Biden has directed.
New FTC rules require certain financial institutions to report loss of unencrypted customer data
Written by Kristina Grigoryan, Eric Hale, Ted Huffman, Trisha Sarkar
On October 27, the Federal Trade Commission (FTC) announced a final rule expanding data breach notification requirements for certain financial institutions. Federal Register The law requires covered businesses to report the number of consumers affected, a notification event within 30 days after unencrypted customer information involving more than 500 consumers is obtained without authorization. Require certain details, including a summary, to be reported to the FTC. Read more about reporting requirements and why it’s important.
SEC charges SolarWinds and its CISO with fraud and other violations related to massive data breach
Written by Danette Edwards
On October 30, the U.S. Securities and Exchange Commission (SEC) accused SolarWinds and its chief information security officer (CISO) of fraud, false reporting, and internal and disclosure control violations related to the massive SUNBURST cybersecurity attack. sued. The SEC was unable to reach a settlement with the company or the CISO after the Commission’s enforcement investigation concluded, and was forced to file suit against the defendants. Notably, the CISO is the only individual defendant named in this lawsuit, even though the SEC had previously sent Wells Notices to other SolarWinds officers and employees. . Read more about the allegations and key takeaways from the SEC’s lengthy complaint.
California Attorney General Bonta offers tips to protect yourself from online threats during Cybersecurity Awareness Month
Written by Trisha Sircar
In honor of Cybersecurity Awareness Month, observed each October, California Attorney General Rob Bonta provided tips for consumers and businesses to protect themselves from cybersecurity threats. Tips for consumers include using strong passwords and password managers, multi-factor authentication, antivirus software, and more. For businesses, Rob suggests implementing Firewall Security for Internet connections, secure Wi-Fi networks, passwords and authentication, and more. Read more about tips for consumers and businesses.