Welcome to the August issue of Mayer Brown’s Privacy Posts, a newsletter on privacy, security and data protection law that will report and provide commentary on developments and trends that are significant to our clients’ business across the globe. As always, we welcome your thoughts and comments and invite you to contact us with any feedback.
Development and Revision of Global Data Privacy and Security Laws
The collection, use and transmittal of private data by companies and organizations is on the rise globally; unfortunately, so is the misuse and theft of this data. Faced with new technological developments and increased globalization, existing data protection rules are proving insufficient to address all of the security and privacy concerns being raised. In response, governments around the world are adding or revising laws and regulations meant to respond to these increased risks and to require those who collect, store and use this data to take greater responsibility for its protection.
We review existing and propose rule changes in the European Union, the United States, Hong Kong, Mainland China and Vietnam.
Data Breaches and Cyber Security — Navigating the Waters and Mitigating Risk for Financial Services and Other Industries
Cyber and data security standards in the United States continue to demand attention. Although the passage of comprehensive legislation in the US in 2011 is uncertain, new measures are receiving support from governments around the globe as a result of high profile cyber attacks and data breaches. This has led to discussions at both national and international levels concerning the appropriate standards and regulatory requirements for financial services and other industries.
In the United States, several bills are being discussed including the Secure and Fortify Electronic Data Act of 2011 (H.R. 2577), the Cyber Security and American Cyber Competitiveness Act of 2011 (S. 21), the Data Security and Breach Notification Act of 2011 (S. 1207), as well as the Cybersecurity Enhancement Act of 2011 (H.R. 2096).
Listen to the audio recording of partners Jeffrey Taft and Howard Waltzman as they discuss the latest developments with these proposed measures to improve cyber and data security in the United States and the effects on financial services and other industries.
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