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Data Security › Risk Management › Regulatory Agencies

Orrick, Herrington & Sutcliffe LLP

Financial services industry trade groups pen letter to Treasury Secretary Bessent on cybersecurity risks

Orrick, Herrington & Sutcliffe LLP on

On June 9, multiple financial services trade associations sent a letter to Treasury Secretary Scott Bessent expressing concerns about cybersecurity risk management practices at federal regulatory agencies following the OCC’s...more

Sheppard Mullin Richter & Hampton LLP

Better Safe Than Sorry: OMB Releases Memorandum on Managing AI Risks in the Federal Government

Sheppard Mullin Richter & Hampton LLP on

On March 28, 2024, the Office of Management and Budget (“OMB”) issued Memorandum M-24-10, Advancing Governance, Innovation, and Risk Management for Agency Use of Artificial Intelligence (the “Memo”). This is the final version...more

Ballard Spahr LLP

OIG finds incomplete CFPB response to unaccounted-for-laptops

Ballard Spahr LLP on

The CFPB’s Office of Inspector General has issued a report indicating that, in performing an audit of the CFPB’s encryption of data on mobile devices issued to staff members, the OIG found the CFPB had not yet completed all...more

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