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Reporting Requirements Cybersecurity Regulatory Reform

Bass, Berry & Sims PLC

Just In! More Guidance on Material Cybersecurity Incidents (Item 1.05 of Form 8-K)

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On June 24, the Securities and Exchange Commission (SEC) released five additional Compliance and Disclosure Interpretations for Item 1.05 of Form 8-K (Material Cybersecurity Incidents). These interpretations provide...more

Sheppard Mullin Richter & Hampton LLP

CISA Cyber Incident Reporting for Critical Infrastructure Will Significantly Impact Government Contractors, Suppliers, and Service...

The Cybersecurity and Infrastructure Security Agency (“CISA”) recently released its new Proposed Rule pursuant to the Cyber Incident Reporting for Critical Infrastructure Act of 2022 (“CIRCIA”), which was published in the...more

Ankura

DOD Issues Memo on FedRAMP Requirements for Defense Contractors

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On December 21, 2023, the Department of Defense (DoD) issued a memorandum (Memo) providing guidance and clarification on the security and cyber incident management requirements applicable for the use of external Cloud Service...more

American Conference Institute (ACI)

Panicked Over Cyber Disclosure Laws? Here’s a Plea for Common Sense

Corporate legal departments are scrambling to stay ahead of the latest developments around cyber incident disclosure rules and regulations. In hopes of reducing panic and distress, a pair of legal experts are issuing a...more

Polsinelli

FTC Adopts Data Breach Notification Obligations for Non-Banking Financial Institutions

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On October 27, 2023, the Federal Trade Commission (“FTC”) adopted an amendment to the FTC’s Safeguards Rule that will require non-banking financial institutions to notify the FTC within thirty days of discovering a data...more

Fenwick & West LLP

Key Provisions and Impacts of Biden’s Executive Order on AI Regulation and Development

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On October 30, 2023, the Biden administration issued a sweeping Executive Order on the Safe, Secure and Trustworthy Development and Use of Artificial Intelligence (the “Executive Order”), which ambitiously directs the...more

Jenner & Block

Client Alert: Byte-Sized Steps – Navigating the Biden Executive Order on AI and Other Recent Developments in AI Regulation

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On October 30, 2023, President Biden signed the Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence (the “Federal AI Executive Order”), a long-awaited executive order that builds upon the Biden...more

Carlton Fields

SEC Deals New Cybersecurity Disclosure Requirements to Public Companies

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On July 26, 2023, the SEC adopted new cybersecurity rules, which have two top-line impacts. First, registrants must disclose material cybersecurity incidents promptly on Form 8-K. Second, registrants must disclose new...more

Quarles & Brady LLP

SEC Rules Impose New Four-Day Reporting Requirements for Cybersecurity Incidents

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The Securities and Exchange Commission (“SEC”) voted on July 26, 2023 to adopt new cybersecurity rules, which are aimed at helping investors better understand the cybersecurity risks associated with public companies by...more

Polsinelli

Cyber Incident Reporting for Critical Infrastructure Act: Significant Changes to Incident Reporting Are on the Horizon

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In May 2021, Colonial Pipeline, a privately held oil pipeline responsible for nearly half of the oil supply for the U.S. East Coast, was crippled by a DarkSide ransomware attack. DarkSide is widely believed to be a...more

Bilzin Sumberg

Is Reporting Cyber Breaches to the Federal Government Required or Encouraged?

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President Joe Biden signed the Strengthening American Cybersecurity Act into law on March 15.  Among other requirements, companies that are “covered entities” must report data breaches promptly to federal regulators.  For...more

Jones Day

President Biden Signs Cyber Incident Reporting for Critical Infrastructure Act

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On March 15, 2022, President Biden signed into law the Cyber Incident Reporting for Critical Infrastructure Act of 2022 (the "Act"), creating new requirements for organizations operating in critical infrastructure sectors to...more

Mayer Brown Free Writings + Perspectives

SEC Proposes Amendments That Would Place New Cybersecurity Reporting and Disclosure Requirements on Public Companies

On March 9, 2022, the US Securities and Exchange Commission (SEC) voted 3-1 to propose new rules and amendments under the Securities Exchange Act of 1934 that would constitute the SEC’s first attempt to adopt specific rules...more

King & Spalding

FDA FY 2021 Budget Foretells Medical Device Cybersecurity Reform

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Increased premarket submission and post-market reporting requirements potentially on the horizon for high-tech devices. The Food and Drug Administration’s (“FDA’s”) budget proposal for FY2021 telegraphs FDA’s plan to seek new...more

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