X Agrees to Stop Processing EU Data to Train its Grok AI -
Ireland’s Data Protection Commission (“DPC”) recently filed an urgent High Court application against X (formerly Twitter) for using the personal data of European...more
9/13/2024
/ Artificial Intelligence ,
Cybersecurity ,
Data Collection ,
Data Protection ,
Data Security ,
EU ,
EU-US Privacy Shield ,
European Data Protection Board (EDPB) ,
Fines ,
Ireland ,
Liability ,
Personal Data ,
Sensitive Personal Information ,
Twitter ,
Uber
U.S. Court Axes Most of SEC's SolarWinds Data Breach Suit -
The U.S. District Court for the Southern District of New York recently dismissed much of the U.S. Securities and Exchange Commission’s (“SEC”) suit against...more
8/2/2024
/ Artificial Intelligence ,
Audits ,
Automated Decision Systems (ADS) ,
COPPA ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Dismissals ,
EU ,
EU-US Privacy Shield ,
European Economic Area (EEA) ,
Federal Trade Commission (FTC) ,
General Data Protection Regulation (GDPR) ,
Instant Messaging Apps ,
Misleading Statements ,
Regulation Technical Standards (RTS) ,
Risk Assessment ,
ROSCA ,
Securities and Exchange Commission (SEC) ,
Settlement ,
SolarWinds
SEC Fines the New York Stock Exchange’s Parent Company $10 million for Failure to Promptly Notify Its Subsidiaries of Cybersecurity Breach -
On May 22, 2024, the Securities and Exchange Commission (“SEC”) imposed a $10...more
6/14/2024
/ Annual Reports ,
Artificial Intelligence ,
Breach Notification Rule ,
Colorado ,
Cybersecurity ,
Data Breach ,
Data Collection ,
Data Protection ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Information Commissioner's Office (ICO) ,
Machine Learning ,
New Legislation ,
NYSE ,
Popular ,
Securities and Exchange Commission (SEC) ,
UK
April 2024 On April 4, 2024, the U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (“CISA”) published a 447-page Notice of Proposed Rulemaking (“Proposed Rules”) in accordance with the...more
4/19/2024
/ Artificial Intelligence ,
California Consumer Privacy Act (CCPA) ,
California Privacy Protection Agency (CPPA) ,
Critical Infrastructure Sectors ,
Cyber Incident Reporting ,
Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA) ,
Cybersecurity ,
Cybersecurity Information Sharing Act (CISA) ,
Data Security ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Government Agencies ,
Machine Learning ,
OMB ,
Online Safety for Children ,
Privacy Laws ,
Proposed Rules ,
Reporting Requirements ,
UK ,
Voluntary Compliance
FTC Proposes New Protections to Guard Against AI Impersonations of Individuals -
Amidst growing concerns that emerging technology—including AI-generated deepfakes—threaten to increase the prevalence of impersonation fraud,...more
3/1/2024
/ Anti-Terrorism Financing ,
Artificial Intelligence ,
Cybersecurity ,
Deep Fake ,
EU ,
European Convention on Human Rights ,
Federal Trade Commission (FTC) ,
Human Rights ,
Russia ,
Securities and Exchange Commission (SEC) ,
Terms of Service
FTC Announces Proposed Settlement with Software Provider to Settle Allegations that its Inadequate Security Safeguards Led to Cyberattack -
On February 1, 2024, the Federal Trade Commission (“FTC”) announced a proposed...more
As we begin the new year, we offer this special edition with predictions for 2024 from members of the Cyber Bits Partner Committee. Regardless of what happens in 2024, we renew our commitment to keep you informed of the...more
1/8/2024
/ Artificial Intelligence ,
Biometric Information ,
China ,
Consumer Privacy Rights ,
Cybersecurity ,
Disclosure Requirements ,
Enforcement ,
EU ,
Facial Recognition Technology ,
Machine Learning ,
Popular ,
Regulation S-P ,
Risk Management ,
Securities and Exchange Commission (SEC)
The Biden Administration Issues Executive Order on Artificial Intelligence -
On October 30, 2023, President Biden signed an Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence (the “Order”)...more
11/17/2023
/ Artificial Intelligence ,
Biden Administration ,
Chief Information Security Officer (CISO) ,
Cyber Crimes ,
Cyber Incident Reporting ,
Cybersecurity ,
Data Breach ,
Executive Orders ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
NYDFS ,
Ransomware ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
SolarWinds
What is in store for Privacy and Cybersecurity in 2023 -
As the year ends, we offer this special edition with predictions for 2023 from each member of the Cyber Bits Partner Committee. Regardless of what happens in 2023, we...more
12/30/2022
/ Artificial Intelligence ,
California Consumer Privacy Act (CCPA) ,
Cyber Attacks ,
Cybersecurity ,
Disclosure Requirements ,
EU ,
Federal Trade Commission (FTC) ,
General Data Protection Regulation (GDPR) ,
Infrastructure ,
Investment Adviser ,
Popular ,
Privacy Laws ,
Privacy Legislation ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
State Data Breach Notification Statutes ,
UK ,
Whistleblowers
EU Parliament Adopts Amended Digital Services Act by a Wide Margin -
On January 21, 2022, the members of the EU Parliament approved by a large majority (77%) an amended draft of the Digital Services Act (“DSA”)....more
2/11/2022
/ Cloud Service Providers (CSPs) ,
Cybersecurity ,
Digital Service Providers ,
Digital Services ,
EU ,
Facial Recognition Technology ,
Financial Institutions ,
Google ,
Income Taxes ,
Internet ,
IRS ,
Online Platforms ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Tracking Systems ,
Unfair or Deceptive Trade Practices
Few things are certain, but it is indisputable that in 2022 data will remain big; data driven technologies will create unparalleled opportunity and risk; the frequency and sophistication of cyberattacks will shatter...more
1/7/2022
/ Artificial Intelligence ,
California Consumer Privacy Act (CCPA) ,
Cyber Attacks ,
Cyber Insurance ,
Cybersecurity ,
Data Breach ,
Data Loss Prevention ,
Data Privacy ,
Data Protection ,
EU-US Privacy Shield ,
Federal Trade Commission (FTC) ,
General Data Protection Regulation (GDPR) ,
Hackers ,
International Data Transfers ,
Machine Learning ,
Popular ,
Ransomware ,
Regulatory Agenda ,
Section 5
The Office of Compliance Inspections and Examinations (OCIE) of the U.S. Securities and Exchange Commission (SEC) released a National Examination Program Risk Alert (Risk Alert) on August 7, 2017 regarding observations from...more
8/22/2017
/ Best Practices ,
Broker-Dealer ,
Corporate Governance ,
Cybersecurity ,
Data Loss Prevention ,
Incident Response Plans ,
Internal Controls ,
Investment Adviser ,
Investment Companies ,
OCIE ,
Regulation S-P ,
Right of Access ,
Risk Alert ,
Risk Assessment ,
Securities and Exchange Commission (SEC) ,
Training Requirements ,
Vendors
President Donald J. Trump issued an Executive Order on May 11, 2017 aimed at “Strengthening the Cybersecurity of Federal Networks and Critical Infrastructure” (the “Order”). The Order mandates federal governmental review of...more
5/24/2017
/ Critical Infrastructure Sectors ,
Cybersecurity ,
Department of Defense (DOD) ,
Department of Homeland Security (DHS) ,
Energy Sector ,
Executive Orders ,
Information Technology ,
Networks ,
NIST ,
OMB ,
Popular ,
Risk Management ,
Trump Administration
The Financial Industry Regulatory Authority (“FINRA”) released its annual Regulatory and Examination Priorities Letter on January 5, listing cybersecurity as a 2016 examination priority. This letter broadly identifies new and...more
With the rise in targeted, sophisticated, malicious attacks on corporate America’s electronic infrastructure, companies are increasingly focused on their cybersecurity disclosure obligations. There is a growing concern that...more
The Obama Administration has long expressed concerns about the vulnerability of America’s critical infrastructure to cyber-attack. On February 12, 2012, the day of the President’s State of the Union address, the...more
3/1/2013
/ Barack Obama ,
Critical Infrastructure Sectors ,
Cybersecurity ,
Cybersecurity Framework ,
Department of Homeland Security (DHS) ,
Executive Orders ,
Fair Information Practice Principles ,
Information Sharing ,
Infrastructure ,
NIST ,
OMB