An Unconventional Circular Letter: NYDFS Provides the Nation’s First Directive on the Proper Use of Unconventional and Alternative Data

Last month, the New York State Department of Financial Services (the “DFS” or “Department”) became the first US regulator to impose specific, substantive ...

@Insurance Snapshot: Regulatory Corner: Finding Common Ground – Recent Developments in International Group Supervision

As with many industries, the insurance sector has become increasingly more complex and internationally connected over the past decade.  More than ever, international ...

2019 Outlook: Cybersecurity and Data Privacy

Cybersecurity and data privacy presented some of the most complex legal questions and business risks that multinational companies faced in 2018. Businesses should expect ...

Free Flow of Personal Data Between the European Union and Japan Starts Now

On January 23, the European Commission (the "EU Commission") authorized the free flow of personal data to Japan. This "adequacy decision," issued jointly with a ...

US National Futures Association Adopts Notification Requirement for Certain Cybersecurity Incidents

On January 7, 2019, the US self-regulatory organization the National Futures Association (“NFA”) announced that it had adopted amendments to its information security ...

@Insurance Snapshot: Regulatory Corner – Keeping it Private: GDPR and Developments in Data Privacy in 2018

By any measure, 2018 was a major year for data privacy regulation.  The most significant regulatory development in this area was the European Union’s General Data ...

Push for Standardized Data Security Controls for Insurers Gains Momentum

In late December, Ohio became the second state to adopt the National Association of Insurance Commissioners’ (NAIC) Insurance Data Model Law, joining South Carolina in ...

Top Tips: Preparing Technology Arrangements for Brexit

The ultimate form of the UK's exit from the European Union remains a hotly debated topic. Unless some form of extension of the period of notice served by the UK is ...

EU-US Privacy Shield Undergoes Second Review by EU Commission and (Re)Passes the Test—For Certifying Companies, Santa Has Come to Town

On December 19, the EU Commission ("Commission") published its report to the European Parliament and the Council on the second review of the functioning of the EU-US ...

How ‘AV 3.0’ Changed The Autonomous Vehicle Game In 2018

On Oct. 3, the U.S. Department of Transportation released its most significant 2018 guidance on the design, testing and deployment of driverless vehicles: "Preparing for ...

@Insurance Snapshot: Regulatory Corner – Eyeing AI: Artificial Intelligence and its Increasing Impact on the Insurance Industry

The use of artificial intelligence (“AI”), which may be defined as the development of computer systems able to perform tasks normally associated with human ...

Asia IP & TMT: Quarterly Review

In the 2018 Q4 edition of the Asia Intellectual Property (IP) and Technology, Media and Telecommunications (TMT) Newsletter, Mayer Brown's team covers numerous areas ...

SFC Announcements on Regulatory Approach to Virtual Assets

Executive Summary

In a keynote speech at the Hong Kong Fintech Week on November 1, 2018, the Hong Kong Securities and Futures Commission (SFC) again asserted its ...

Technology, Investment and Security: The Modernization of CFIUS – What Does it Mean for the Global Investor?

On August 13, 2018, President Trump signed into law the Foreign Investment Risk Review Modernization Act, or FIRRMA. This legislation was designed to enhance US national ...

Court Finds That Virtual Currency Is a Commodity—For the Time Being

On September 26, 2018, a US federal court found that virtual currency constitutes a class of items that are commodities under the Commodity Exchange Act (“CEA”) ...

@Insurance Snapshot: Regulatory Corner – Reinsurance Collateral Requirements – They Are A-Changing: An Update on the Covered Agreement Prior to the NAIC Fall Meeting

In mid-November, the National Association of Insurance Commissioners (the “NAIC”) will be holding its fall meeting, bringing together insurance regulators, companies ...

Open wide! The HKMA’s Open API Framework

The Hong Kong Monetary Authority (HKMA)’s Open Application Programming Interface Framework for the Banking Sector (Open API Framework), was issued on July 18, 2018, ...

DOJ Releases Updated Cyber Incident Response Guidance for Private Sector Entities

On September 27, 2018, the Computer Crime and Intellectual Property Section (“CCIPS”) of the Criminal Division of the US Department of Justice (“DOJ”) released a ...

SEC Brings First Enforcement Action Under the Identity Theft Red Flags Rule

Last month the US Securities and Exchange Commission (“SEC”) brought and settled charges against a registered broker-dealer/investment adviser ("the Registrant") for ...

Ohio’s New Cybersecurity Law: Creating a Data Breach Safe Harbor

Policymakers long have wrestled with how to enhance private-sector cybersecurity without imposing prescriptive one-size-fits-all requirements that undermine effective ...

California Enacts First State Law Targeting IOT Cybersecurity

On September 28th, California Governor Jerry Brown signed a first-of-its kind law to regulate the security of connected devices that make up the “Internet of Things” ...

Innovation for Auto Vehicles gets Green Light from DOT

Earlier this month, the US Department of Transportation (DOT) released new guidance, Preparing for the Future of Transportation: Automated Vehicles 3.0 (AV 3.0), for the ...

Missiles, Malware and Merger Management: Why Cybersecurity and Data Privacy Matter to M&A Practitioners

What does a nuclear missile accident have in common with a cybersecurity or data privacy issue in M&A?  In both cases, small missteps can lead to wide-ranging and ...

@Insurance Snapshot: Regulatory Corner – Deciphering Cybersecurity: An Introduction to Cybersecurity Regulatory Initiatives in the Insurance Industry

The past five years have seen a massive acceleration in the amounts of data being generated, processed and stored in virtually every industry, including insurance. As ...

Droning On – Hong Kong Proposes New Regulations for Drones

The rise in popularity of unmanned aircraft systems (UASs), more commonly known as drones, have led to an increased awareness of the potential risks associated with ...

Cybersecurity and Data Privacy: Navigating a Constantly Changing Landscape

The cybersecurity and data privacy landscape continues to change, creating significant new risks for businesses across economic sectors. New types of litigation are ...

Treasury’s Fintech Report: What You Need to Know

In late July, the Treasury Department issued its report on fintech and financial innovation. A Financial System That Creates ...

The Reality of Artificial Intelligence in Financial Services

Artificial intelligence (AI)—sometimes referred to as “machine learning”—has begun to transform how financial services are provided. This trend will continue, ...

Mayer Brown’s Tech Talks, Episode 3: The Big Data Paradox

Big data is top of mind at virtually every company and is often described as one of a business’s most valuable assets. In spite ...

Mayer Brown’s Tech Talks, Episode 2: The Future of Outsourcing

The future of outsourcing is digital. New technologies will pair custom, made-for-you solutions with fast, accurate and low-cost automated services. However, digital ...

Mayer Brown Tech Talks, Episode 1: Staying Ahead of AI

Across a variety of industries, more and more companies are building, buying and using Artificial Intelligence (AI) in their technology services agreements to further ...

Thriving in an Age of Digital Transformation: Insights from Mayer Brown’s Technology Transactions Practice

Mayer Brown’s Technology Transactions practice is pleased to announce the release of our new thought-provoking guide titled Technology Transactions: Thriving in an Age ...

Five Questions General Counsels Should Ask about Securing the Internet of Things

The rapid growth of the Internet of Things (“IoT”) has brought significant new opportunities for businesses across sectors. From consumer products such as smart ...

The New York State DFS Cybersecurity Regulation: Preparing for Compliance

Bylined article by Financial Services Regulatory & Enforcement partner Jeffrey Taft (Washington DC), Corporate & Securities partner Larry Hamilton (Chicago), ...

Global Insurance Industry Year in Review

Our Global Insurance Industry Year In Review for 2016 discusses developments and trends in insurance industry transactions in the past year in North America, Bermuda, ...

Cybersecurity Regulation in the United States: Governing Frameworks and Emerging Trends

Companies across industry sectors have developed risk-based cybersecurity programs to respond to the substantial and complex cyber threats they face. Managing ...

The ABC of Fintech: Acquisitions, Brexit and Collaboration

In H2 2016, Mayer Brown commissioned Mergermarket to survey 70 respondents at UK-headquartered financial services companies and 50 respondents at UK-headquartered ...

2017 Outlook: Cybersecurity and Data Privacy

Cybersecurity and data privacy issues continued to grow in significance for multinational businesses over the past 12 months, further heightening the importance of ...