Federal

SEC Warns Advisers Over Privacy Compliance Issues

Craig A. Newman of Patterson Belknap writes: The Securities and Exchange Commission is warning investment firms to step up their game when it comes to following the agency’s privacy rules. In a Risk Alert issued by the Office of Compliance Inspections and Examinations (OCIE), a laundry list of compliance “deficiencies or weaknesses” were identified...

The Lack of an Adequate HIPAA Security Risk Assessment is a Common and Costly Mistake by Healthcare Providers: What Providers Can Do Now

Erin Smith Aebel of Shumaker, Loop & Kendrick, LLP writes: Health care providers and others who must comply with the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”) have specific requirements under the Security Rule to HIPAA when it comes to their maintenance of electronically held protected health information. One of those requirements...

Elizabeth Warren proposes holding execs criminally liable for scams and data breaches

Cory Doctorow reports: A new bill from Senator Elizabeth Warren proposes personal, criminal liability for top executives of companies turning over more than $1B/year when those companies experience data breaches and scams due to negligence (many of the recent high-profile breaches would qualify, including the Equifax giga-breach, as well as many of Wells Fargo’s...