Links in “Privacy”
- Annual Privacy Notice Requirement Relief
The White House has signed a measure that creates an exception to the annual privacy notice requirement of Gramm-Leach-Bliley. Now you don't have to send it unless you share your nonpublic personal information (NPI) or you've changed your policies regarding disclosing NPI. [12/10/15]
- Privacy Bill Passes House and Senate
The Eliminate Privacy Notice Confusion Act has now passed both the House and Senate and awaits the President's signature. The Act would eliminate the requirement that credit unions provide an annual privacy notice to their members. Instead, new privacy notices would only have to be sent when there is a change to the privacy information. [12/4/15]
- The Future of Software Security
An exploratory working group looks at gaps, SWAMPS, common weakness enumeration, and mobile app security threats. [6/3/15]
- What Happens to All Those Stolen SSNs and Credit Cards?
A security vendor planted phony "stolen" data in the "Dark Web," then tracked it to see where it goes. In less than two weeks, the data made its way to 22 countries and was viewed nearly 1,100 time. Most frequent activity came from Nigeria and Russia. [4/7/15]
- Further Reg Relief from Annual Privacy Notices
A bill has been introduced in the Senate that would allow financial institutions that do not share personal information with unaffiliated third parties to forego sending annual privacy notices unless there has been a change in policy. The credit union trade associations have argued that sending the annual notice only when changes have occurred will make the notices more meaningful to consumers. [2/11/15]
- Trade Group Lends Support to Privacy Measure
ABA writes to members of the House in favor of H.R. 601, the Eliminate Privacy Notice Confusion Act, which would exempt institutions from having to send out their privacy notice unless they had changed their privacy policies. [2/2/15]
- Privacy Bill Scheduled to Be Reintroduced in the House
Last year a bill to ease the annual privacy notice requirement passed the House, but failed to be introduced in the Senate. It is anticipated that the bill will be re-introduced today to restart the process. [1/28/15]
- NY Moves to Tighten Cybersecurity Rules
The definition of "private information" that would trigger customer notification requirements if a breach is discovered would expand to include email addresses, passwords, and medical and health insurance information. If approved, the New York law would also require companies that collect this information to have security measures in place to protect this data. [1/19/15]
- Cybersecurity: White House Attempts to Walk the Line Between Privacy and Information Sharing
President Obama proposes information sharing between government and the private sector on cyber threats in a way the White House says satisfies privacy concerns. [1/14/15]
- Senate Fails to Vote on 5 CU Bills
Five bills that were important to the credit union industry and that passed the House were not brought up for a vote by the Senate before it recessed for the year. Find out why the Reg. D study, Privacy Modernization Act, FHLB membership, private deposit insurance bills, the qualified mortgage calculation bill, and the changes to the rural designation process matter to you. [12/31/14]
