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Regulatory Reset? U.S. Cyber Incident Reporting Rules Face Congressional Scrutiny

Lawmakers expressed bipartisan support for significantly amending or eliminating some cybersecurity incident notification requirements during a recent hearing of the U.S. House Committee on Homeland Security's Subcommittee on...more

DOJ, FBI Issue Guidance for Public Companies Seeking to Delay Disclosure of Material Cybersecurity Incidents

As we discussed in our prior blog post, the Securities and Exchange Commission (SEC) recently finalized its Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure rule for public companies (the "Rule")....more

FCC Proposes Voluntary Cybersecurity Labeling Program for Internet of Things Devices

The Federal Communications Commission (FCC) has published its notice of proposed rulemaking (the NPRM) detailing the proposed creation of a voluntary cybersecurity labeling program for Internet of Things (IoT) or "smart"...more

SEC Adopts Cybersecurity Rule for Public Companies

On July 26, 2023, the U.S. Securities and Exchange Commission (SEC or Commission) finalized its Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure rule for public companies (the "Final Rule") by a...more

Florida Digital Bill of Rights Signed Into Law

The Florida Digital Bill of Rights (FDBR) was signed into law by Governor Ron DeSantis on June 6, 2023, making Florida the tenth state to enact a consumer data privacy law along with California, Virginia, Colorado,...more

SEC Settles Ransomware Disclosure Charges for $3 Million

The U.S. Securities and Exchange Commission ("SEC" or the "Commission") has ordered Blackbaud, Inc. ("Blackbaud") to pay $3 million to resolve claims that it made materially misleading statements about a 2020 ransomware...more

SEC Looks to Finalize Proposed Cyber Rules, Issue New NPRM

The U.S. Securities and Exchange Commission (SEC) appears to have big plans for cybersecurity regulation in 2023....more

SEC Proposes New Cyber Disclosure Rules for Public Companies

On March 9, 2022, the Securities and Exchange Commission (SEC) announced proposed rules requiring publicly listed companies to make several specific disclosures related to cybersecurity incidents and the registrant's...more

Recent SEC Enforcement Activity Highlights Issuers' Cybersecurity Disclosure Obligations and Pitfalls

The U.S. Securities and Exchange Commission (SEC) has continued to make cybersecurity disclosures an enforcement priority. Recent enforcement activity, summarized below, highlights these key points for SEC-regulated issuers....more

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