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2018 Cybersecurity and Data Privacy Developments: A Year in Review

By Daniel Ilan, Jonathan S. Kolodner, Pamela L. Marcogliese, Rahul Mukhi, Katherine Mooney Carroll, Alexis Collins & Emmanuel Ronco
January 30, 2019
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In 2018, data privacy and cyber breaches made headlines throughout the year.

Major companies continued to suffer data breaches, highlighting the risks and potential costs of cyber incidents across industries.  At the same time, a growing and overlapping thicket of data security and privacy regulations—within the U.S., European Union, Latin America, and elsewhere—continued to increase compliance costs and regulatory risks.  This memo surveys some of the key cybersecurity and data privacy developments of 2018, including the major data breaches and cyberattacks, regulatory and legislative actions, and notable settlements and court decisions.

In addition, we identify some key takeaways from 2018, which include the importance of rapid response and timely disclosure, cyber diligence in M&A transactions, effective management of third-party vendor risk, and protecting privilege.  We also highlight key areas to watch in 2019, including GDPR enforcement, efforts to pass a U.S. federal privacy law, responses and potential changes to California’s new privacy law, the adoption of comprehensive privacy laws in more U.S. states and non-U.S. jurisdictions, and heightened U.S. litigation and enforcement risk.  Data security and privacy will undoubtedly remain a priority for boards and senior management, as well as regulators and enforcement authorities.

Please click here to read the full alert memorandum.

Photo of Daniel Ilan Daniel Ilan

Daniel Ilan’s practice focuses on intellectual property law.

Read more about Daniel IlanEmail
Photo of Jonathan S. Kolodner Jonathan S. Kolodner

Jonathan S. Kolodner’s practice focuses on criminal, securities, and other enforcement and regulatory matters as well as on complex commercial litigation.

Read more about Jonathan S. KolodnerEmail
Photo of Pamela L. Marcogliese Pamela L. Marcogliese

Pamela L. Marcogliese’s practice focuses on corporate and financial transactions, particularly capital markets matters and corporate governance matters.

Read more about Pamela L. MarcoglieseEmail
Photo of Rahul Mukhi Rahul Mukhi

Rahul Mukhi’s practice focuses on criminal, securities, and other enforcement and regulatory matters as well as on complex commercial litigation.

Read more about Rahul MukhiEmail
Photo of Katherine Mooney Carroll Katherine Mooney Carroll

Katherine Mooney Carroll’s practice focuses on advising U.S. and international financial institutions on U.S. regulatory matters, including recent reforms pursuant to the Dodd-Frank Act, regulatory aspects of bank M&A, cybersecurity and privacy matters, and compliance with U.S. sanctions and anti-money laundering laws.

Read more about Katherine Mooney CarrollEmail
Photo of Alexis Collins Alexis Collins

Alexis Collins’ practice focuses on litigation, including criminal and regulatory enforcement matters and complex civil and antitrust litigation.

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Photo of Emmanuel Ronco Emmanuel Ronco

Emmanuel Ronco’s practice focuses on intellectual property and technology matters, including in the context of corporate transactions such as mergers and acquisitions or joint ventures.

Read more about Emmanuel RoncoEmail
  • Posted in:
    Privacy & Data Security
  • Blog:
    Cleary Cybersecurity and Privacy Watch
  • Organization:
    Cleary Gottlieb Steen & Hamilton LLP
  • Article: View Original Source

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