Eye On Privacy

Timely Updates and Analysis on Privacy and Cybersecurity Issues

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In the wake of increased ransomware attacks over the course of the last several months, the US Department of Treasury’s Office of Foreign Assets Control (OFAC) has updated a guidance it released last year on potential sanction risks if facilitating
Continue Reading Do You Have a Risk-Based Sanctions Compliance Program?: In the Event of a Ransomware Attack, OFAC Wants to Know

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, recently announced that it fined UnaVista Limited, a UK-based trade repository, €238,500 ($280,000) for eight breaches of the European Market Infrastructure Regulation (EMIR).  The EMIR includes rules regulating
Continue Reading European Securities Watchdog Fine Highlights Importance of Data Integrity and Regulatory Access

The New York Department of Financial Service recently clarified security incident notification requirements and the use of multi-factor authentication. On its FAQ page, the NYDFS added two new questions and answers for financial services companies subject to 23 NYCRR Part
Continue Reading NYDFS FAQ Provides Clarity on Breach Notification and Security Requirements