IT’S THE LAW (11/16/2021)

Strict cross-border data transfer rules revealed for Quebec’s Bill 64 privacy law include hefty fines for business non-compliance and may serve as model across Canada. Changes begin in 2022 with most in effect by 2023.  The bill also grants consumers private right-of-action, mandates breach notification, and requires companies to conduct privacy impact assessments.

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US strengthens financial data security requirements under Gramm-Leach-Bliley Act (GLBA)

November 16, 2021

The US Federal Trade Commission (FTC) has published changes to the Gramm-Leach Bliley Act, which protects consumer financial privacy at financial institutions and at companies handling financial activities. Key changes under the revised Safeguards Rule include: expanded definition of types of companies subject to GLBA more specific, detailed requirements for compliance oversight obligation to appoint a security officer to oversee and implement a security program

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