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European Union Cybersecurity Risk Management

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of... more +
The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -
Skadden, Arps, Slate, Meagher & Flom LLP

AI Safety: The Role of the Board in Assessing and Managing AI Risk

As AI systems become more complex, companies are increasingly exposed to reputational, financial and legal risk from developing and deploying AI systems that do not function as intended or that yield problematic outcomes. The...more

Mayer Brown

New EU Cyber Rules: Implementation of NIS2 in the EU Member States

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The Network and Information Security 2 Directive (EU) 2022/2555 ("NIS2") entered into force on 16 January 2023. NIS2 sets cyber rules for organizations whose services are considered essential or important for maintaining...more

Mayer Brown

Cybersecurity Regulations on the March - Part 2

Mayer Brown on

Mayer Brown Partners Ana Bruder, Justin Herring, and Oliver Yaros focus on cybersecurity risks and regulations in the EU and UK. They explore third-party risks, ransomware incidents, and the impact of AI, while examining how...more

Skadden, Arps, Slate, Meagher & Flom LLP

ECB Mandates Board Expertise in Addressing ICT and Security Risks

Earlier this year, a dedicated policy prepared by the European Central Bank (ECB) came into effect requiring bank management bodies to broaden their collective understanding of and proficiency in identifying and dealing with...more

McDermott Will & Emery

European Commission Seeks Feedback on NIS2 Draft Cybersecurity Measures

WHAT HAPPENED: On June 27, 2024, the European Commission published for feedback a draft implementing act (draft implementing act) under the Network and Information Security 2 Directive (NIS2). It specifies cybersecurity...more

Mayer Brown

EU AI Act: Do I need to worry about it?

Mayer Brown on

As the European Union sets the stage for groundbreaking AI regulation, our podcast offers a comprehensive exploration of this landmark legislation. Join us as we dissect the EU AI Act, unpacking its key provisions and...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

The EU’s NIS2 Directive: Covered Entities, Compliance Monitoring, Risk Management, Incident Reporting, and Penalties

In response to the increasing number of cyberattacks and the acceleration of digital transformation across sectors, the European Union has revised and improved its Network and Information Security (NIS) Directive. The...more

Orrick, Herrington & Sutcliffe LLP

The EU Cyber Resilience Act: 6 Things You Need To Know

The European Cyber Resilience Act (CRA) will lead to the development and implementation of common cybersecurity standards for products with a “digital element” in the European Union. Whilst the newly adopted and updated...more

Ankura

The EU’s AI Act: Obligations of AI Users and GDPR Article 35

Ankura on

In December 2023, European Union (EU) lawmakers reached an agreement on the EU AI Act. In our article titled An Introduction to the EU AI Act, we focused on applicability, thresholds, timing, and penalties related to the EU...more

McDermott Will & Emery

The Impact of the New EU AI Act on the Medtech and Life Sciences Sector

McDermott Will & Emery on

As technology continues to advance almost every aspect of healthcare, so the use of AI has become an increasing focus for developers and the regulators who are racing to keep pace with rapid advancements in technology. ...more

Skadden, Arps, Slate, Meagher & Flom LLP

Fighting Early Obsolescence: New EU Directive Extends Liability Risks

On 6 March 2024, the EU published directive 2024/825/EU, intended to bolster consumer rights in the face of environmental challenges. The directive seeks to clarify companies’ liability concerning information obligations...more

Dorsey & Whitney LLP

AI regulation introduced in Europe - setting the way forward for the rest of the world or slowing down the adoption of new tech?

Dorsey & Whitney LLP on

The EU AI Act, which was passed by the European Parliament on 13 March and is set to become law later this year, will probably be the world’s first legislation to introduce a general regulatory framework for artificial...more

McAfee & Taft

Artificial intelligence and the rise of the regulators

McAfee & Taft on

As we prepare for the rise of the machines and Skynet’s inevitable takeover of the world, this past week highlighted perhaps a more troubling trend for companies to navigate in the coming months and years—the rise of...more

Dechert LLP

Exploring DORA’s ICT Risk Requirements: Key Issues for Asset Managers

Dechert LLP on

DORA became law in December 2022 but provides for a grace period until 17 January 2025 for organisations to put in place the necessary measures to comply. The new rules will require engagement from both an operational and...more

A&O Shearman

Regulatory monitoring Newsletter - February 2024

A&O Shearman on

1. Bank regulation - 1.1 Prudential regulation - (a) General - (i) EU - ECB: Memorandum of Cooperation between ECB and CAs on third-country bank supervision - Status: Final - The ECB has published a Memorandum of...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Informed Board - Winter 2024

The oversight obligations of boards continue to expand. Recent enforcement actions and new laws in areas such as cybersecurity, artificial intelligence and supply chains create new challenges for boards, as we explain in this...more

Ankura

EU’s AI Act: AI Risk Management System

Ankura on

In December 2023, European Union (EU) lawmakers reached an agreement on the EU AI Act. In our prior article titled “An Introduction to the EU AI Act,” we focused on the applicability, timing, and penalties of the EU AI...more

J.S. Held

2024 J.S. Held Global Risk Report: New Laws Addressing the Risks and Rewards of Artificial Intelligence (AI)

J.S. Held on

The race to develop AI and calls to regulate it are heating up around the world. In November 2023, 28 countries, including the United States, United Kingdom, China, and the European Union, met and pledged to work together to...more

Mitratech Holdings, Inc

5 GRC Trends and Resolutions for a More Secure 2024

Elevate your resilience in the new year by understanding top GRC trends, patterns, and best practices across AI, TPRM, cyber risk, and more. As we step into 2024, technological advancements and an increasingly connected —...more

A&O Shearman

Regulatory monitoring: EU version - December 2023

A&O Shearman on

1. Bank regulation - 1.1 Prudential regulation - (a) General - (i) EU - EBA: Roadmap on strengthening the Prudential framework - Status: Final - The EBA has published its roadmap on the Banking Package, which...more

NAVEX

AI Frameworks Provide a Roadmap for Compliance Officers

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As governments around the world begin to introduce new frameworks and standards addressing the responsible design, development, deployment and operation of artificial intelligence (AI) systems, chief compliance officers...more

Dechert LLP

Dechert Cyber Bits - Key Developments in Privacy & Cybersecurity - 2024 Crystal Ball Edition

Dechert LLP on

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

BCLP

Pressure-Testing Your Privacy Program for 2024

BCLP on

With the onslaught of new privacy legislation and cyber threats coupled with upticks in enforcement, running a well-functioning and flexible privacy program is now, more than ever, a critical component of an organization’s...more

NAVEX

Key Regulatory Risks for Businesses to Navigate in 2024

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In the dynamic business landscape, regulatory legislation changes are constant. These alterations in laws often feel like an unrelenting force impacting senior leadership, compelling them to reassess and adjust existing...more

Faegre Drinker Biddle & Reath LLP

EU AI Act Agreed

Late on Friday (December 8th), the European Union Commission, Parliament and Council concluded its “trilogue” negotiations for the EU Artificial Intelligence Act. The summary below is based on the information available to...more

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