News & Analysis as of

Risk Management Data Security Regulatory Requirements

Jackson Lewis P.C.

DOJ New Data Transfer Rule Impacts Hiring Practices, Business Operations, and Vendor Management: Time to Review Your Privacy +...

Jackson Lewis P.C. on

U.S. organizations should carefully review and ensure their privacy and cybersecurity practices comply with a wide-ranging new federal rule establishing data transfer restrictions regarding sensitive U.S. personal data. The...more

Sheppard Mullin Richter & Hampton LLP

North Dakota Expands Data Security Requirements and Issues New Licensing Requirements for Brokers

On April 11, North Dakota enacted HB 1127, overhauling its regulatory framework for financial institutions and nonbank financial service providers. The law amends multiple chapters of the North Dakota Century Code and creates...more

The Volkov Law Group

DSP Compliance: DOJ Sets July 8, 2025 Deadline (Part III of III)

The Volkov Law Group on

As if legal and compliance professionals had enough responsibilities on their plates, DOJ dropped another shoe (to join the tariffs, sanctions and export controls, and immigration issues) and upped the stakes for ethics and...more

Husch Blackwell LLP

Effective Dates Draw Near for Insurance Industry to Comply with NYDFS's Cybersecurity Rules

Husch Blackwell LLP on

As part of a multiyear rollout, the New York Department of Financial Services (NYDFS) has established May 1, 2025, and November 1, 2025, as effective dates for certain amendments to its cybersecurity regulations. These...more

Ankura

Generative AI Risks: Legal and Compliance Insights - Part 2

Ankura on

The Bottomline: Five Practical Steps for Generative AI Risk Management - As the first line of defense, employees within business operations must own and manage risks related to the business, including risks resulting from...more

A&O Shearman

FSB publishes finalised format for FIRE framework

A&O Shearman on

The Financial Stability Board (FSB) has published its finalised Format for Incident Reporting Exchange (FIRE), together with a press release and updated webpage. FIRE provides a standardised format for financial institutions...more

Jackson Lewis P.C.

Florida Bar Urges Law Firms to Adopt Incident Response Plans: A Call to Action for Legal Professionals

Jackson Lewis P.C. on

In late March 2025, the Florida Bar Board of Governors unanimously endorsed the recommendation of its Special Committee on Cybersecurity and Privacy Law that law firms should adopt written incident response plans (IRPs) to...more

Cozen O'Connor

Cybersecurity Best Practices for AI-Powered Robotics Under State and Federal Privacy Laws

Cozen O'Connor on

As robotics technology rapidly advances in connection with the use of artificial intelligence (AI), the collection, processing, and storage of personal information—including biometric data—will become increasingly common....more

Orrick, Herrington & Sutcliffe LLP

OCC provides an update on its security breach given institutional risk

On April 14, the OCC released a letter providing more details on the recent security breach involving its email systems. The breach — identified as a major incident under the Federal Information Security Modernization Act...more

McDermott Will & Emery

New PCI DSS 4.0 Credit Card Compliance Requirements Effective April 1, 2025

McDermott Will & Emery on

As of April 1, 2025, all merchants and third-party service providers (TPSPs) involved in processing credit or debit card payments must fully adhere to the enhanced security requirements outlined in the Payment Card Industry...more

Davis Wright Tremaine LLP

FedRAMP 20x Initiative Promises Major Changes for Federal Cloud Service Providers

Major changes are coming again to the Federal Risk and Authorization Management Program ("FedRAMP"), the federal government's cybersecurity authorization program for cloud service providers ("CSPs")....more

Alston & Bird

Cybersecurity Controls: What Do Regulators Expect Nowadays?

Alston & Bird on

Our Privacy, Cyber & Data Strategy Team highlights the increasingly specific cybersecurity controls identified by regulators, explains why these enhanced cybersecurity controls have become the focus of regulators, and shares...more

Hinshaw & Culbertson - Privacy, Cyber & AI...

Are Your Cybersecurity Controls Ready for the New York State Department of Financial Services' Deadlines?

In November 2023, New York State's Department of Financial Services (NYDFS) amended its cybersecurity regulation, Part 500. This legal alert provides an update for Covered Entities and Class A Businesses on the current NYDFS...more

Sheppard Mullin Richter & Hampton LLP

Insurance Cybersecurity Certifications: An (Updated) State Roundup

Over half of US states require annual compliance certifications from insurance providers. While the filing time frames for this year draw to a close, companies may want to keep them in mind not only for next year, but as a...more

Quarles & Brady LLP

New York Cybersecurity Regulation Requires Submission of Compliance Certification or Acknowledgement of Noncompliance Next Week

Quarles & Brady LLP on

On April 3, 2025, the New York State Department of Financial Services (“DFS”) issued reminders about upcoming implementation and reporting deadlines related to its cybersecurity regulations. Upcoming deadlines require...more

Morgan Lewis

Data Center Operations: Aligning Supply Chain, Compliance, and Customer Expectations

Morgan Lewis on

The demand for data centers is continuing to accelerate, fueled largely by generative artificial intelligence (Gen AI), broader digital transformation, and organizations migrating to cloud infrastructure. Gen AI adoption...more

Integreon

DORA Compliance Part 2: Addressing Compliance Across Critical Operational Areas

Integreon on

Introduction to DORA and its Implications - As of Jan.17, 2025, the European Union’s Digital Operational Resilience Act (DORA) became enforceable. This new regulatory framework significantly impacts financial institutions and...more

Bennett Jones LLP

10 Key Questions to Guide Cyber Risk Management

Bennett Jones LLP on

Asking the right questions within your organization is key to effectively managing cyber risk. Here are 10 questions that you should ask your team...more

Rumberger | Kirk

What DeepSeek Can Teach Legal Teams About Creating Stronger GenAI Policies

Rumberger | Kirk on

The instant popularity of China’s DeepSeek-V3 generative artificial intelligence model underscores why companies should craft stronger GenAI policies that minimize the risks of employees exposing sensitive data, violating...more

Cozen O'Connor

FedRAMP Update – New Approach(es) to Authorization on the Way

Cozen O'Connor on

On Monday, March 24, 2025, the General Services Administration (GSA) launched FedRAMP 20x, as an effort to automate parts of the program and create collaboration with the industry to improve authorization process for cloud...more

K&L Gates LLP

United States: SEC’s Approach to Artificial Intelligence Begins to Take Shape

K&L Gates LLP on

On 27 March 2025, the US Securities and Exchange Commission (SEC) hosted a roundtable on Artificial Intelligence (AI) in the financial industry that was designed to solicit feedback on the risks, benefits and governance of...more

A&O Shearman

Zooming in on AI #18: Cybersecurity requirements for AI systems

A&O Shearman on

The Artificial Intelligence Act (AI Act) is the world's first comprehensive legal framework for AI regulation, which entered into force on August 1, 2024. The AI Act aims to ensure that AI systems are trustworthy, safe and...more

Osano

Multi-Hyphenate Privacy Professionals: 3 Strategies for Success

Osano on

When we write about data privacy, it’s easy to default to talking to “privacy professionals.” But take a look at the privacy management industry: The privacy program managers, chief privacy officers, and other purely...more

Robinson+Cole Data Privacy + Security Insider

AI Governance: Steps to Adopt an AI Governance Program

There are many factors to consider when assisting clients with assessing the use of artificial intelligence (AI) tools in an organization and developing and implementing an AI Governance Program. Although adopting an AI...more

Wiley Rein LLP

FedRAMP Announces New Approach to Assessing Security of Cloud Services Providers, Leveraging Commercial Practices and Tools

Wiley Rein LLP on

WHAT: FedRAMP has announced that it will be working on a new framework for authorization and assessment of cloud services for federal consumption, calling the initiative “FedRAMP 20X” (announcement here). In response to...more

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