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NYDFS Issues Guidance on Cybersecurity Risks Arising from Artificial Intelligence

On October 16, 2024, the New York Department of Financial Services (NYDFS) issued an Industry Letter that discusses the cybersecurity risks associated with the use of artificial intelligence (AI) and outlines strategies to...more

U.S. Department of Commerce Proposes a New KYC Rule Applicable to U.S. IaaS Providers

On January 29, 2024, the U.S. Department of Commerce’s (Department) Bureau of Industry and Security issued a notice of proposed rulemaking (Proposed Rule) that proposes a new Customer Identification Program (CIP) and other...more

SEC Proposes New Cybersecurity Disclosure Rules for Public Companies

On March 9, 2022, the SEC proposed new rules (“Proposed Rules”) that would expand cybersecurity disclosures applicable to public companies subject to the reporting requirements of the Securities Exchange Act of 1934...more

Federal Agencies Announce a New 36-Hour Cybersecurity Incident Rule Reporting Requirement

On November 18, 2021, the Office of the Comptroller of the Currency (“OCC”), the Board of Governors of the Federal Reserve System (“Board”), and the Federal Deposit Insurance Corporation (“FDIC”) (collectively, the...more

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