Department of Justice’s Implementation of a Data Security Protection and Enforcement Program
All Fintech
Cybersecurity
April 30, 2024
The Case
In response to President Biden’s Executive Order authorizing increased data privacy measures, Assistant Attorney General Matthew G. Olsen announced that the National Security Division of the Department of Justice is implementing a data security protection and enforcement program. The program represents another measure in the United States’ efforts to address data protection globally.
Why Does This Matter?
This implementation outlines the US government’s focus on prosecuting both corporations and individuals, with particular emphasis on financial institutions and technology companies acting as gatekeepers against data breaches.
Financial services firms are advised to prioritize data protection by understanding their data, reviewing vendor agreements, monitoring data access by consultants and investors, and ensuring compliance with regulations, especially regarding data sales.
InnReg's Experience
Since its founding in 2013, InnReg has developed deep expertise in data privacy and cybersecurity. Whether you are a regulated entity or not, we partner with you to identify your current exposure and develop a remediation strategy. Our partnership will equip you with a tailored compliance program to help you mitigate your specific risks.
Learn More About This Topic
For additional details, read how InnReg’s data protection compliance checklist can help your company develop data protection best practices that meet today’s evolving requirements as more countries and US states continue to pass privacy and disclosure legislation.
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