Bank Law Monitor
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Washington State Legislature Passes Bill With Major Revisions to Data Breach Notification Statute
Shortly after the proposed Washington Privacy Act (SB 5367) failed to pass the legislature, Washington is now set to revise its existing data breach law. HB 1071, which passed the legislature on April 22, 2019 and is awaiting the Governor’s signature...
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California Enacts First Law Regulating Internet Of Things Devices
\California has enacted the nation’s first law regulating Internet of Things (IoT) devices, which was signed by Governor Jerry Brown on September 28, 2018. IoT refers to the rapidly-expanding world of internet-connected objects such as home security...
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Cyber-Insurance Tips for an Evolving Risk Landscape
Seth is editor of The Northwest Policyholder, the firm's insurance coverage blog, where portions of this article previously appeared.
Surveys of C-suite executives continually rank cyber-related risks near the top of risk-management concerns. "Phis...
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Coping with the CAMELS
Introduction
In connection with a presentation I was asked to make by the Federal Home Loan Bank to some of its member banks, I crafted this article on “Coping with the CAMELS.” As you know, this is an acronym for the six ratings in commercial bank e...
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States Are Amending Their Data Breach Laws. Why Should Banks Care?
Data security and data breach notifications are—or should be—on everyone’s mind these days. Banks are certainly no exception. And banks, in general, are setting good examples for other businesses because banks’ data security systems and incident-resp...
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Hacked
It Can Happen to You
I woke up this morning to a fraud alert from Citibank on my credit card. After going through the Spanish Inquisition to secure my identity, I finally learned what had triggered the alert—a small transaction in Spain. When I att...
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