Gramm–Leach–Bliley Act

FTC Reaches Settlement with Crypto Company Voyager Digital; Charges Former Executive with Falsely Claiming Consumers’ Deposits Were Insured by FDIC

Retrieved on:

Monday, October 16, 2023

The complaint also names Stephen Ehrlich’s wife, Francine Ehrlich, as a relief defendant.

Key Points:

The complaint also names Stephen Ehrlich’s wife, Francine Ehrlich, as a relief defendant.
The companies also agreed to a judgment of $1.65 billion, which will be suspended to permit Voyager to return its remaining assets to consumers in the bankruptcy proceedings.
The complaint notes that Voyager was aware that the company’s claims could mislead consumers.
The company only removed the FDIC claims from its advertising after receiving a cease-and-desist letter from the FDIC.
In a parallel action, on October 12, the Commodity Futures Trading Commission separately charged Ehrlich with fraud and registration failures.
Stipulated orders have the force of law when approved and signed by the District Court judge.

FTC Stops Scammers Charged with Preying on Students Seeking Debt Relief

Retrieved on:

Tuesday, August 22, 2023

The Federal Trade Commission has stopped scammers who the agency says facilitated an operation to prey on students seeking debt relief.

Key Points:

The Federal Trade Commission has stopped scammers who the agency says facilitated an operation to prey on students seeking debt relief.
The FTC charges that the defendants have violated Section 5 of the FTC Act, the TSR, and the Gramm-Leach-Bliley Act.
The FTC has resources on how to avoid student loan debt relief scams at ftc.gov/StudentLoans.
Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

FTC Stops Scammers Charged with Preying on Students Seeking Debt Relief

Retrieved on:

Tuesday, August 22, 2023

The Federal Trade Commission has stopped scammers who the agency says facilitated an operation to prey on students seeking debt relief.

Key Points:

The Federal Trade Commission has stopped scammers who the agency says facilitated an operation to prey on students seeking debt relief.
The FTC charges that the defendants have violated Section 5 of the FTC Act, the TSR, and the Gramm-Leach-Bliley Act.
The FTC has resources on how to avoid student loan debt relief scams at ftc.gov/StudentLoans.
Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

Global Coverage of Privacy Regulations from RadarFirst

Retrieved on:

Wednesday, August 2, 2023

Radar, Accountability Act, Legislation, General counsel, Gramm–Leach–Bliley Act, Risk assessment, Privacy, GLBA, Organization, Health Insurance Portability and Accountability Act, Environment, HIPAA, Automation, Insurance

PORTLAND, Ore., Aug. 2, 2023 /PRNewswire/ -- RadarFirst announced today that Radar ® Privacy , the de facto standard for privacy incident response, has expanded its breach law library to offer automation of risk assessment for all global data privacy regulations in jurisdictions with over 1 million individuals.

Key Points:

PORTLAND, Ore., Aug. 2, 2023 /PRNewswire/ -- RadarFirst announced today that Radar ® Privacy , the de facto standard for privacy incident response, has expanded its breach law library to offer automation of risk assessment for all global data privacy regulations in jurisdictions with over 1 million individuals.
Radar Privacy's global coverage offers customers access to defensible breach decisioning in any scenario," said Lauren Wallace, Chief Privacy Officer and General Counsel at RadarFirst.
Radar Privacy's global privacy law coverage operates in tandem with automated risk scoring coverage for industry-specific regulations such as the Gramm-Leach-Bliley Act (GLBA), Health Insurance Portability and Accountability Act (HIPAA), and other sectors at the federal and state levels.
Global coverage of privacy regulation makes Radar Privacy a necessity for international organizations in need of a solution to transform and operationalize privacy incident management processes and third-party vendor management.

NordLocker introduces file residency feature: How could it help your business?

Retrieved on:

Friday, July 21, 2023

NordLocker, EEA, Policy, Gramm–Leach–Bliley Act, Privacy, Article, Government, GLBA, The German, European, GDPR, Roger Hawkins (drummer), Music, Cryptocurrency, EU

Some governments offer more advantageous taxation for a business ensuring a significant part of its operations stay within the country.

Key Points:

Some governments offer more advantageous taxation for a business ensuring a significant part of its operations stay within the country.
A business may choose to include data residency in its policy for transparency about data storage.
Also, German laws have specific data residency regulations for financial records, employment contracts, customer data, medical records, and legal documents.
In order to migrate their files and change their data residency, NordLocker users need to contact support or their account manager.

A New Domicile for Comprehensive Privacy in Delaware

Retrieved on:

Tuesday, July 11, 2023

Key Points:

(Health) Data is What (Health) Data Does in Nevada

Retrieved on:

Thursday, June 22, 2023

Accountability Act, Habit, Harm, Health status of Asian Americans, Disclosure, Gramm–Leach–Bliley Act, Privacy, Health data, Future of Privacy Forum, GLBA, Organization, Health Insurance Portability and Accountability Act, Professor, Sensitive, HIPAA, SB, Legislation, Insurance

(Health) Data is What (Health) Data Does in Nevada

Key Points:

(Health) Data is What (Health) Data Does in Nevada
Note: This title is inspired by Professor Daniel J. Solove’s recent essay, ‘Data Is What Data Does: Regulating Based on Harm and Risk Instead of Sensitive Data.’
On June 16, 2023, Nevada Senate Bill 370 (SB 370) was signed into law by Governor Lombardo, making Nevada the second state, after Washington, to pass broad-based consumer health data privacy legislation this session.
The Washington ‘My Health, My Data’ Act (MHMD), which was enacted on April 27, 2023, established a first-of-its-kind, comprehensive framework within U.S. law for the protection of consumer health data and health-related inferences.
SB 370 and MHMD adopt similar, but not identical, frameworks for protecting personal health data.
By contrast, MHMD excludes data that is subject to HIPAA and GLBA, but not HIPAA and GLBA-regulated entities in their entirety.

Quirk Auto Group selects BIO-key’s PortalGuard® Cloud Solution to Meet Updated GLBA Act Safeguards Rule Requirements to Protect Consumer Data

Retrieved on:

Tuesday, June 20, 2023

IDP, Workforce, MFA, International, Gramm–Leach–Bliley Act, Reynolds and Reynolds, Reynolds, Federal Trade Commission, GLBA, SAML, IBB, IAM, WALL

The Federal Trade Commission recently made important changes to the Safeguards Rule, bringing the GLBA in line with much more stringent security frameworks.

Key Points:

The Federal Trade Commission recently made important changes to the Safeguards Rule, bringing the GLBA in line with much more stringent security frameworks.
BIO-key’s PortalGuard platform supports these updated rules with a modern approach for securing access to systems and data through its IBB, multi-factor authentication (MFA), and industry-standard SAML Identity Provider (IdP) capabilities.
One of the key project outcomes was identity and access management security and integration with the enterprise application Reynolds and Reynolds for enhanced corporate and consumer data protection.
"As organizations scale and/or have new compliance requirements to address, they often pick up additional solutions to address their needs.