Regulatory

Regulatory (57)

Meta Fined $275M by European Regulator Over Breach  

The Irish Data Protection Commission has fined Meta €265 million ($275 million) after a breach that led to more than 530 million Facebook users’ email addresses, mobile phone numbers and other personal data surfacing online. So reports TechCrunch.

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EU Eyes Tighter Rules for Smart Devices’ Cybersecurity  

Manufacturers would be required to adhere to cybersecurity standards for Internet-connected devices under new legislation that has been proposed by the European Union’s executive body. So reports Claims Journal.

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Drizly’s FTC Breach Case Raises Stakes for Execs  

A recent settlement between the Federal Trade Commission and Drizly, a liquor delivery app owned by Uber, has upped the ante for executives who oversee lapses in cybersecurity.

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Parent of Fast Fashion Brand Shein Fined $1.9M

The state of New York has fined Zoetop $1.9 million due to a data breach. Zoetop is the parent of fast fashion brands Shein and Romwe. So reports The Verge.

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Twitter Agrees to $150M Fine Over Data Use  

Federal regulators have announced that Twitter will pay a $150 million fine to settle allegations that it illegally used people’s phone numbers and email addresses to sell targeted advertising. So reports NPR.

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SEC Breach Disclosure Proposal Would Force CISOs to Think Fast  

The SEC has proposed a data breach disclosure rule that would require chief information security officers to more quickly assess the impact of a cyberattack. So reports GovInfoSecurity.

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State Department Opens New Cybersecurity Bureau

The State Department has begun operating a new Bureau of Cyberspace and Digital Policy. So reports CNET.

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Cyber Reporting Requirement Passes Congress in $1.5T Bill  

Congress has approved a $1.5 trillion omnibus spending bill that includes a mandate for critical infrastructure companies to promptly disclose cyberattacks and ransomware payments. So report Insurance Journal and Cybersecurity Dive.

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Why Biden Admin is Split on Senate Cybersecurity Bill  

The Senate’s recent passage of major cybersecurity legislation appears to have exposed a bureaucratic turf war within President Joe Biden’s administration.

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FCC Chair Wants to End Waiting Period for Data Breach Disclosures  

FCC Chairwoman Jessica Rosenworcel has called for scrapping a federal requirement that big phone companies wait seven days before disclosing a data breach. So reports TheDenverChannel.com.

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