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Ropes & Gray LLP

New Year’s Resolutions: What 2025 Holds for AI Regulation

Ropes & Gray LLP on

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

White & Case LLP

NYDFS Releases Artificial Intelligence Cybersecurity Guidance For Covered Entities

White & Case LLP on

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

Skadden, Arps, Slate, Meagher & Flom LLP

The Informed Board - November 2024

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

Health Care Compliance Association (HCCA)

Privacy Briefs: November 2024

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

A&O Shearman

Cyber and AI: NYDFS has entered the chat

A&O Shearman on

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

DLA Piper

Australia’s Cyber Security Strategy in Action – Three New Draft Laws Published

DLA Piper on

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

Mayer Brown

Hong Kong Proposes the Introduction of a Legal Framework for Regulating Critical Infrastructures

Mayer Brown on

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

DLA Piper

The UK Cybersecurity and Resilience Bill – A Different Approach to NIS2 or a British Sister Act?

DLA Piper on

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

DLA Piper

Australia: Anti-Scam Measures and Ransomware Reporting on the Agenda

DLA Piper on

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

Mayer Brown

Hong Kong Proposes a Legal Framework for Regulating Critical Infrastructures

Mayer Brown on

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

Faegre Drinker Biddle & Reath LLP

NIST Releases Cybersecurity Framework 2.0

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

Wiley Rein LLP

As Cyber Regulators Rush Toward New Rules, Shifting Foundations May Complicate Compliance

Wiley Rein LLP on

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

Jenner & Block

Client Alert: New York Issues Significant Amendments to its Forward-Leaning Cyber Regulations

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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

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

New EU-US Data Privacy Framework Promises Greater Ease for Cross-Border Transfers, but Uncertainty Remains

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

Morgan Lewis - Tech & Sourcing

NYDFS Publishes Proposed Amendment to Its Cybersecurity Rules for Financial Services Companies

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 Volkov Law Group

New York’s Department of Financial Services Proposes New Cyber Compliance Requirements

The Volkov Law Group on

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

Jenner & Block

US and EU Announce Agreement for New Trans-Atlantic Data Privacy Framework

Jenner & Block on

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

Carlton Fields

What the Recent NAIC Financial Condition Examiners Handbook Changes Mean for Insurers

Carlton Fields on

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

Troutman Pepper Locke

Current UK Thinking on Cybersecurity

Troutman Pepper Locke on

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

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