On August 27, U.S. Senator Mike Rounds (R-SD) introduced the “Unleashing AI Innovation in Financial Services Act” (S. 4951), a bill aimed at fostering artificial intelligence (AI) innovation within the financial services industry. According to his press release, this legislation is part of a broader set of five bipartisan AI bills that Senator Rounds has released for consideration by Congress this fall.
Business insider is reporting today that lead generation giant Digital Media Solutions (DMS) has entered Chapter 11 bankruptcy. The story positions the move as one designed to drive growth with the company expected to emerge from the bankruptcy leaner and with greater financing options but I am very curious about the timing of this decision in light of recent TCPA developments and the new one-to-one rule taking effect in January.
Since the passage of the California Consumer Privacy Act (CCPA) in 2018, other U.S. states have followed suit by enacting comprehensive consumer data privacy laws in rapid succession. While these state consumer privacy laws tend to have similar themes and address comparable topics, there are also important differences among them — meaning a one-size-fits-all data privacy program will not suffice. Given that the federal government has yet to pass a comprehensive consumer data privacy law, organizations must ensure they comply with the law of each applicable state and monitor this rapidly evolving regulatory environment.
Fortinet on Thursday confirmed suffering a data breach impacting customers after a hacker leaked files allegedly belonging to the cybersecurity company. The hacker, who uses the online moniker ‘Fortibitch’, made the announcement on a popular hacking forum and claimed that the data — 440 Gb in total — came from an Azure Sharepoint instance.
As businesses move online and data becomes a critical asset, organizations must navigate a minefield of potential threats. And with the news Thursday (Sept. 12) that Lehigh Valley Health Network (LVHN), one of the largest primary care groups in Pennsylvania, has paid a $65 million settlement to patients impacted by a breach that saw their sensitive personal information stolen by a criminal ransomware gang, socializing best practices across the entire organization and fostering a culture of security is top of mind for firms across sectors — particularly for leaders like chief information security officers (CISOs).
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