The European Union’s top court ruled that an agreement that allows thousands of companies — from tech giants to small financial firms — to transfer data to the United States is invalid because the American government can snoop on people’s data, according to an AP News report. The ruling could impact how companies transfer European users’ data to the United States and other countries, such as the U.K, and could require regulators to vet any new data transfers to make sure Europeans’ personal information remains protected according to the EU’s stringent standards, says AP News.
In a ground-breaking opinion issued today, the Court of Justice of the European Union invalidated the EU-US Privacy Shield Decision as a method for transferring personal data from the EU to the US. In short, the Decision was invalidated over Privacy Shield’s failure to adequately address US government surveillance activities.
The National Retail Federation issued a statement encouraging all retailers to adopt a nationwide policy that requires customers to wear face coverings or masks to protect the health and well-being of customers, associates and partners during the coronavirus pandemic.
Oyster Consulting announced that Ed Wegener has joined the firm as a Managing Director with the Governance, Risk and Compliance team. Ed brings a deep knowledge of compliance, risk management and supervisory controls requirements and best practices for broker-dealers and alternative trading systems.
Twitter accounts belonging to Joe Biden, Bill Gates, Elon Musk and Apple, and other high-profile accounts, were compromised in what Twitter said it believes to be an attack on some of its employees with access to the company's internal tools, says a CNN news report.
U.S. Rep. John Katko unveiled a national cybersecurity improvement package, including the Cybersecurity and Infrastructure Security Agency Director and Assistant Directors Act, Strengthening the Cybersecurity and Infrastructure Security Agency Act of 2020, and the CISA Public-Private Talent Exchange Act. Together, these measures enhance national cybersecurity through the creation of a public-private workforce exchange program and empower CISA through increased stability in leadership positions and appropriate funding and resources.
United Community Bank has announced the addition of Bob Brown as Chief Information Security Officer. Bob, who has more than two decades of experience managing business technologies, will now work closely with the bank’s executive team to monitor risk and implement security processes to help minimize threats.
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