Category Archives: banking

Lege TREND. Wyoming. Leader in Blockchain Legislation. 4 New Bills.

Lege TREND. Property Rights in Bitcoin. Read the Bill.

SF 0125 (WY | 2019) will allow crypto currency to have property rights outside third party storage.

What does this mean?

  •  Wyoming is the 1st US state to allow private ownership of cryptocurrency
  • Wyoming hopes blockchain and cyrptocurrency then partake in WY courts, business registrations
  • Wyoming becomes the Delaware or Nevada of cryptocurrency, as Deleware and Nevada are for traditional corporate filings

Bitcoinist | WYOMING BECOMES FIRST STATE TO GIVE BITCOIN OWNERS FULL PROPERTY RIGHTS

Sm…

TREND. Data Breach + State Treasurers = Calls for Business Leadership Changes.

State Treasurers from RI, PA and IL and New York City are backing Trillium Asset Management in calling for Zuckerberg to step down from facebook over security breaches and misuse of the platform by foreign agents.

Governing | States and New York City Urge Mark Zuckerberg to Give Up Facebook Chairman Role

 

7 Data Security Policy Issues Raised by a Financial Regulator. Put it on your Radar.

SEC Commissioner Kara M. Stein raises these policy issues for regulators:

  • Should a company value its data?
  • Should it disclose the value of its data?
  • Who is responsible for the appropriate collection and use of data?
  • Who is responsible for protecting the privacy of personally identifiable information that is collected and used?
  • Who is responsible for determining how data can be shared?
  • Who is responsible for establishing and implementing minimum standards for data collection and use?
  • Who i…

+1 State Requiring Cybersecurity for Insurance Licensees

State: South Carolina

The Legislation: House Bill 4655 (2017-2018 | SC). South Carolina Insurance Data Security Act

Requirements for South Carolina Insurance Licensees: 

  • insurers tmust “develop, implement, and maintain a comprehensive information security program” for their customers’ data
  • based on model law with 3 steps and a 1/1/2019 effective date:
    • prevent breaches
    • detect unwelcomed access to data
    • remediate after a breach
  • including 3rd party oversight, with a 7/1/20 effective…

Campaign & Lege TREND. Data Collection by Businesses. 1st Proposal in the Nation.

A ballot proposition in California would:

  • allow Californias to tell businesses not to sell their personal information
  • permit Californians lawsuits if  a business fails to implement reasonable security procedures and later suffered a data breach
  • creates a right to know for consumers to know when a business sells or discloses their information for a business purpose

Exception to the ballot proposal?

business that collect less than $50 million in annual revenue and meet certain other standards…

Lege Trend. Gov Signs Post Equifax Bill in the Goldenrod State. 3 Key Elements of the Bill.

State: Nebraska

Nebraska’s 2018 post-Equifax reform bill: Legislative Bill 757 (2018)

What does Nebraska’s LB 757 do?

  • requires reasonable security and disposal procedures and practices for all entities possessing data
  • non-affiliated 3rd parties also have to maintain reasonable security and disposal procedures for data
  • free credit freezes and free credit thaws

3 Points. Final EQUIFAX Response Bills in the American Pasque Flower State. LEGE TREND.

State: South Dakota

The South Dakota post-Equifax data breach bills: House Bill 1078 & House Bill 1127 

What did House Bill 1078  do? Freezes remain in place until the consumer requests otherwise & must be lifted within 3 days of a request

What did House Bill 1127  do? Cost free credit report freezing & un-freezing (thawing)