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Your Cyber Minute: The Implications of the GDPR for Cybersecurity
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On 30 November 2022, OpenAI made its ChatGPT generative artificial intelligence chatbot publicly available. In the two years since, its unprecedented growth has fostered a dramatic shift in public attention to and interest in...more
On October 16, 2024, the New York State Department of Financial Services (the "DFS"), under its Cybersecurity Regulation—23 NYCRR Part 500—issued a memorandum providing guidance on the risks posed by artificial intelligence...more
At what point has a director served too long? What about term limits? A mandatory retirement age? When do a director’s skills become stale? These issues are addressed in this issue of The Informed Board, as well as why proxy...more
Change Healthcare Inc. has amended its initial breach report to the HHS Office for Civil Rights (OCR) to state that 100 million individuals were impacted by its mammoth ransomware attack and breach. However, as of Oct. 24,...more
On October 16, 2024, the New York Department of Financial Services (“NYDFS”) released an Industry Letter—entitled Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related Risks (the “Letter”)....more
It has been a busy month for cyber and privacy regulation in Australia. On the heels of the proposed amendments to the Privacy Act 1988 released just under a month ago, three further draft Bills relating to cyber security...more
INTRODUCTION - The acceleration of the rate of cyber-attacks against companies in Hong Kong in the last year or so (with over 60 notifications of such attacks being received by the Office of the Privacy Commissioner of...more
Introduction It wouldn't be much of an exaggeration to say that NIS2 is the acronym on everyone's lips. When coupled with its European sister legislation DORA, we encounter a regulatory twosome that make GDPR feel like...more
Cyber regulation is changing in Australia. As governments globally grapple with the everchanging and increasingly challenging cyber landscape, Australia is poised to implement new laws and update existing regulation in order...more
INTRODUCTION - The acceleration of cyber-attacks on companies in Hong Kong in the last year or so (– with over 60 notifications of such attacks being received by the Office of the Privacy Commissioner of Hong Kong in 2023,...more
On February 26, 2024, the National Institute of Standards and Technology (NIST) released the NIST Cybersecurity Framework 2.0 (CSF 2.0). CSF 2.0 represents the first major update to the Cybersecurity Framework, which was...more
These days, cyber regulators are in a hurry. Commentators have observed, the “federal government is quietly directing a seismic shift in the economy” with new mandates. Ann Neuberger, Deputy National Security Advisor for...more
In 2017, the New York Department of Financial Services (“NYDFS”) enacted a landmark regulation requiring financial services institutions such as banks and insurance companies in the state to meet substantial cybersecurity...more
On July 10, 2023, the European Commission (EC) adopted its adequacy decision for the EU-U.S. Data Privacy Framework (EU-U.S. DPF, or “Privacy Framework”), which establishes the Privacy Framework as an authorized mechanism...more
The New York Department of Financial Services (NYDFS) published its proposed amendment to its 23 NYCRR Part 500 (Cybersecurity Rules) on November 9, 2022, following the release of the draft version on July 29, 2022....more
The New York Department of Financial Services (“DFS”) has proposed rule changes to increase cyber compliance requirements. DFS has been the leading regulatory force in the cybersecurity industry. ...more
On Friday, March 25, President Biden and European Commission President Ursula von der Leyen announced a new agreement in principle for trans-Atlantic data flows. Although details about the new Trans-Atlantic Data Privacy...more
On September 21, 2015, the National Association of Insurance Commissioners (NAIC) IT Examination Working Group adopted amendments to the IT section of the Financial Condition Examiners Handbook (“the Handbook”). The changes...more
2014 contained a series of high profile data breaches, including the recent Sony breach in relation to the Hollywood film release of The Interview. It is expected that globally 2015 will focus further on fighting privacy and...more