News & Analysis as of

Cyber Incident Reporting Data Protection European Union

BCLP

Cybersecurity Risks for Financial Services Firms: Proactive Strategies to Stay Ahead

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The 2024 CrowdStrike outage and the ransomware attack on NHS partner Synnovis hit mainstream news and highlighted the fragility of ICT supply chains and the risks posed by cyber incidents....more

Ankura

NIS2: What It Means for Businesses in APAC

Ankura on

NIS2 (Network and Information Systems Directive 2) is the updated version of the NIS Directive, which the EU first introduced in 2016. The original NIS Directive aimed to enhance cybersecurity across member states by...more

A&O Shearman

European Commission publishes first draft of GPAI Code of Practice

A&O Shearman on

On November 14, 2024, the European Commission published the first draft of the General-Purpose AI Code of Practice (the Draft Code). The Draft Code is designed to help providers of general-purpose AI models (GPAI) and...more

NAVEX

DORA: Exploring Finance Compliance Requirements

NAVEX on

Numbers never lie. The second most targeted industry in terms of hacking and breaches is Finance, which was the victim somewhere in the realm of 2,306 to 2,792 cyberattacks in 2023 (depending on the source). With each data...more

Wilson Sonsini Goodrich & Rosati

New EU Cybersecurity Obligations for Connected Devices: What You Need to Know

On October 10, 2024, the European Union officially adopted the Cyber Resilience Act (CRA), which introduces cybersecurity obligations for internet-connected hardware and software products offered in the EU (such as...more

Mayer Brown

New EU Cyber Rules (NIS2) Take Effect; Implementing Rules Adopted

Mayer Brown on

On 17 October 2024, the European Commission adopted the first Implementing Regulation under the Network and Information Security 2 Directive (EU) 2022/2555 (NIS2), focusing on digital infrastructures and services. The...more

Alston & Bird

Green Light for the Enforcement of NIS 2 in Limited EU Countries Only

Alston & Bird on

EU Member States had until today, October 17, 2024, to transpose the Network and Information Security (NIS) 2 Directive into their national laws. As Directives are not directly applicable in EU Member States, the EU...more

Constangy, Brooks, Smith & Prophete, LLP

Legislative Update: Swiss Data Protection Act took effect September 1

The new Swiss Federal Act on Data Protection, known by the acronym “nFADP,” took effect on September 1. The law was enacted by the Swiss parliament in 2020. The law introduces new rights for Swiss citizens, but also...more

BCLP

Cyber laws will be updated to boost UK’s resilience against online attacks

BCLP on

The UK government confirmed on 30 November 2022 that there will be changes to the UK’s cybersecurity regulations in response to a public consultation launched earlier this year. This follows recent updates relating to the...more

Orrick, Herrington & Sutcliffe LLP

5 Things You Need to Know About NIS 2

On 10 November 2022, the European Parliament approved the Network and Information Security 2 Directive ("NIS 2"), moving a step closer to expanding the scope of the Network and Information Security ("NIS") Directive, the EU's...more

Foster Garvey PC

Take a Deep Breath. A Status Check on New Privacy Laws

Foster Garvey PC on

Unless you’ve been completely disconnected from the internet for the past year, you’ve undoubtedly read about the passage of a number of state and international laws addressing privacy and cybersecurity. Does this mean that...more

Goodwin

New Horizons: European Commission Proposes Measures to Regulate AI

Goodwin on

On 21 April 2021, the European Commission unveiled a proposal for an EU Artificial Intelligence Regulation (“Proposal”). The Proposal recognizes that AI offers significant benefits and opportunities for the EU market, but...more

Goodwin

Nowhere To Hide: Controllers have “Constructive Awareness” Of Processor Data Breaches

Goodwin on

On December 15, 2020, Ireland’s Data Protection Commission (“DPC”) announced its decision to fine Twitter International Company (“Twitter”) €450,000 for failing to notify the DPC promptly of a data breach affecting EU...more

Foley Hoag LLP - Security, Privacy and the...

The FTC’s Broad Authority and FTC v. Wyndham: Thinking about the Future of Data Privacy Regulations

What makes data privacy law interesting for academics, challenging for lawyers, and frustrating for businesses its shape-shifting structure in the face of rapidly changing technology. The recent change in the invalidation of...more

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