Legislation & Changes
03.07.2009
New Data Security Breach Laws in Alaska and South Carolina
30.10.2008
European data breach laws could land in 2011
European data breach notification laws applying to all online information service providers could be in force by 2011, according to the European data protection supervisor Peter Hustinx.
28.04.2008
Russian Personal Data Operators Will Be Registered
Federal Service for Supervision of Mass Media, Communications and Protection of Cultural Heritage on March 28, 2008 issued an order according to which a special register of owners and operators of different databases will be introduced.
14.04.2008
Australian Companies Will Control E-mails
Australian businesses will be able to intercept e-mail and instant messaging communications under proposed changes by the Australian federal government to prevent data leakage.
14.11.2006
Different wines from the same grape: Basel II in Brussels and Washington
The American and European banking sectors have very different approaches to the interpretation and application of the Basel II Accord...
24.10.2006
Europe mulls data breach notification law
Europe looks set to adopt a data breach notification law that will oblige telecoms companies to inform their clients if their personal data is compromised...
24.10.2006
Russian banks look to reduce the costs of Basel II
The Association of Regional Banks of Russia has sent the State Duma amendments to the Tax Code that would compensate the cost of complying with Basel II...
17.10.2006
High SOX 404 costs explained
A study has revealed that the high costs of complying with SOX section 404 are due to inactivity by the Securities and Exchange Commission and the incomplete nature of COSO 1992...
09.10.2006
FTC strikes back in war on privacy
An Internet firm that sold people’s telephone numbers and credit card details has agreed to US Federal Trade Commission demands to halt its business and pay a fine...
03.10.2006
Switzerland adopts Basel II Accord
Switzerland has adopted the Basel II Accord and it is due to come into force next January. According to experts at InfoWatch, Swiss banks could gain a significant competitive edge as a result...
27.09.2006
British banks wary of Basel II
Two thirds of British banks are only willing to do the “bare minimum” to meet the requirements of Basel II in order to avoid problems with regulatory bodies...
19.09.2006
Delayed US adoption of Basel II poses major problems
The EU and Basel Committee members countries are supposed to start using advanced approaches for measuring operational and credit risks from the end of 2007, but in the US a handful of the largest banks are only due to comply with Basel II as of January 2009...
11.09.2006
Basel II fails to get off the ground in US
US regulatory bodies have released a new draft of Basel II softening the requirements for banks’ reserve capital. Analysts at InfoWatch believe US bankers are afraid of losing their leading position on the world’s financial markets...
14.08.2006
Data breach bills awaiting Congress decision
A number of bills on data breaches have been sent to the US Congress for deliberation, but if the current level of activity devoted to the issue is anything to go by, it could be some time before one of them becomes law...
09.08.2006
US banks seek Basel II leniency
Four of the biggest banks in the US want to make major changes to new reserve capital rules. They have now asked Federal Reserve officials to let them adopt a simplified version of the Basel II Accord...
07.08.2006
Russian information code in the making
The Russian government only talks about protecting information, but is incapable of fulfilling its obligations. That was the official view of the powers-that-be upon the adoption of several new laws in recent weeks...
04.08.2006
Personal data safeguards extended to Russian labor code
October 2006 will see a number of amendments to the Russian Labor Code come into force. Some of the more important amendments are aimed at protecting the personal data of employees...
31.07.2006
Putin approves Russian personal data law
On July 28 Russian President Vladimir Putin signed the bill “On personal data” into law...
20.07.2006
Russian senators get a taste for IT laws
Russia’s senators have approved the law “On information, information technologies and the protection of information”...
19.07.2006
SEC seeks new ideas for Sarbanes-Oxley’s section 404
A new concept for the PCAOB’s Auditing Standard No. 2 for measuring the effectiveness of internal controls could partially or completely exempt small businesses from section 404 of SOX...
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