On February 21, 2025, Dubai-based Bybit, one of the world’s leading cryptocurrency exchanges, suffered a massive security breach, resulting in the loss of approximately $1.5 billion in Ethereum (ETH). The incident, which is...more
3/14/2025
/ Anti-Money Laundering ,
Cryptocurrency ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Digital Assets ,
Financial Crimes ,
National Security ,
Popular ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC)
The New York Department of Financial Services (NYDFS) adopted a long-expected amendment to its Part 500 Cybersecurity Regulations (Part 500) this week. These are the first significant changes to Part 500 since its inception...more
Earlier this month the Federal Acquisition Regulation (“FAR”) Council released two draft rules which would impose new cybersecurity requirements for federal contractors. The proposed rules, Cyber Threat and Incident Reporting...more
10/25/2023
/ Comment Period ,
Controlled Unclassified Information (CUI) ,
Cyber Incident Reporting ,
Cyber Threats ,
Cybersecurity ,
Cybersecurity Information Sharing Act (CISA) ,
Data Preservation ,
Executive Orders ,
Federal Acquisition Regulations (FAR) ,
Federal Contractors ,
Information Technology ,
Popular ,
Proposed Rules ,
Software ,
Subcontractors
It has been a full year since the initial comment period closed on the Securities and Exchange Commission’s (“SEC”) proposed rule on cybersecurity disclosure, governance, and risk management for public companies (the...more
On March 1, 2017, New York’s Department of Financial Services (“NYDFS”) implemented a comprehensive cybersecurity regulation aimed at financial institutions (the “Cybersecurity Regulation”)....more
Throughout 2022, we continue to see regulators placing an emphasis on the importance of protecting and securing information, in particular consumer personal information, at both the federal and state levels.
...more
10/6/2022
/ Breach Notification Rule ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Employee Training ,
Encryption ,
Health Insurance Portability and Accountability Act (HIPAA) ,
NYDFS ,
Opt-Outs ,
Popular ,
Private Right of Action ,
Proposed Amendments ,
Risk Assessment ,
Securities and Exchange Commission (SEC) ,
State Privacy Laws