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Category Archives: Standards

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Cybersecurity Best Practices for Connected Cars Released

Posted in Cybersecurity, Internet of Things, Standards, Telematics

It has been predicted that by 2020, there will be a quarter billion connected vehicles on the road with connected capabilities; Tesla founder Elon Musk is even more aggressive, predicting fully autonomous vehicles on the roads within two years.  However, some of the most significant concerns with connected vehicles are cybersecurity and privacy protection. These… → Read More

If you don’t got it, don’t flaunt it: FTC Issues Warnings to Companies Claiming APEC Privacy Certification

Posted in Privacy, Regulatory Compliance, Standards

The United States Federal Trade Commission (“FTC”) has issued warning letters to 28 companies claiming  to be certified participants in the Asia-Pacific Economic Cooperative (“APEC”) Cross-Border Privacy Rules (“CBPR”) system. This is an important reminder for companies, including Canadian companies, that the use of international certifications  is something in which regulators take a keen interest. Background… → Read More

NAIC Releases Cybersecurity Bill of Rights for U.S. Insurance Consumers

Posted in Cyberinsurance, Cybersecurity, Data Breach, Standards

On October 15, 2015, the U.S. National Association of Insurance Commissioners (“NAIC”) released the Cybersecurity Bill of Rights (the “Bill”). The Bill, released during cybersecurity awareness month, is intended to improve consumer protection and to assist with updating model laws.  It may, in practice, potentially expand protections to consumers and obligations of insurance companies and… → Read More

SEC Issues Top Cybersecurity Priorities for Broker-Dealers and Investment Advisers

Posted in Standards

  On September 15, 2015, the Office of Compliance Inspections and Examinations (“OCIE”) issued a risk alert to announce the priorities for its second round of cybersecurity examinations.  The examinations are part of the Cybersecurity Initiative announced by the OCIE on its April 15, 2014 risk alert. This second round of examination is focused on… → Read More

First Draft of ISO 20022 Standard for Real-Time Payments Released, Raises Potential Privacy and Security Concerns

Posted in FinTech, Payments, Standards

On August 10, 2015 the International Organization for Standardization (ISO) Real-Time Payments Group (RTPG) published for review and comment the first draft of the ISO 20022 Standard (ISO 20022). As part of an international project to harmonize standards for cross-border real time payments, over 50 global experts at RTPG worked on developing ISO 20022 to… → Read More