Paul Hastings released its SEC Cyber Incident Disclosure Report today, providing a unique look at how public companies have responded to new incident disclosure requirements. The Securities Exchange Commission (SEC) approved...more
12/19/2024
/ Compliance ,
Cyber Attacks ,
Cyber Incident Reporting ,
Cybersecurity ,
Disclosure Requirements ,
Form 10-K ,
Form 10-Q ,
Form 8-K ,
Publicly-Traded Companies ,
Ransomware ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Whistleblowers
On October 16, 2024, the New York Department of Financial Services (NYDFS) issued an industry letter entitled “Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related Risks” in response to...more
11/4/2024
/ Artificial Intelligence ,
Covered Entities ,
Cyber Attacks ,
Cybersecurity ,
Data Management ,
Financial Services Industry ,
NYDFS ,
Risk Assessment ,
Risk Management ,
Social Engineering ,
Third-Party Risk
The Department of Justice (DOJ) recently raised the stakes for businesses under investigation who use artificial intelligence (AI). The Evaluation of Corporate Compliance Program (ECCP) outlines the criteria to be considered...more
In the rapidly evolving landscape of AI, the valuation and viability of AI companies are extensively tied to their intellectual property assets. For AI companies, safeguarding these assets is not just about legal...more
5/30/2024
/ Algorithms ,
Artificial Intelligence ,
California Consumer Privacy Act (CCPA) ,
California Privacy Rights Act (CPRA) ,
Early Stage Companies ,
General Data Protection Regulation (GDPR) ,
Infringement ,
Intellectual Property Protection ,
Investors ,
Open Source Software ,
Patent Examinations ,
Risk Management ,
Startups
The New York Department of Financial Services (NYDFS) adopted a long-expected amendment to its Part 500 Cybersecurity Regulations (Part 500) this week. These are the first significant changes to Part 500 since its inception...more
On October 30, 2023, the Biden-Harris Administration unveiled a sweeping Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence (AI). The Executive Order represents the most...more
11/1/2023
/ Artificial Intelligence ,
Biden Administration ,
Consumer Protection Laws ,
Critical Infrastructure Sectors ,
Cybersecurity ,
Directorate of Defense Trade Controls (DDTC) ,
Executive Orders ,
Healthcare ,
Immigration Procedures ,
National Security ,
NIST ,
Popular ,
Risk Management ,
U.S. Commerce Department
The SEC’s Cybersecurity Risk Management Strategy, Governance, and Incident Disclosure Rules were officially published in the Federal Register on August 4, 2023 and go into effect on September 5, 2023....more
On July 26, 2023, the U.S. Securities and Exchange Commission adopted enhanced disclosure requirements regarding cybersecurity risk management, strategy, governance and incident reporting for public companies. The final rules...more
The New York Department of Financial Services (“NYDFS”) released a “revised proposed second amendment” on June 28 that makes further changes to its Cybersecurity Regulation (“23 NYCRR Part 500”). Part 500 was first enacted in...more
Based on recent changes to its rulemaking agenda, the Securities Exchange Commission has postponed the much anticipated release of its final rules for Cybersecurity Risk Management, Strategy, Governance and Incident...more
What are the new rules?
Earlier this year, the Securities and Exchange Commission (“SEC”) published a new set of proposed cybersecurity disclosure rules for public companies. The proposed rules would significantly increase...more