News & Analysis as of September 17, 2024

New Rules

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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

Mandatory Cybersecurity Incident Reporting: The Dawn of a New Era for Businesses

Bradley Arant Boult Cummings LLP on 6/3/2024

A significant shift in cybersecurity compliance is on the horizon, and businesses need to prepare. Starting in 2024, organizations will face new requirements to report cybersecurity incidents and ransomware payments to the...more

New CISA Rule Would Require Widespread Cyber Incident Reporting, Updated Timelines and Penalties for Critical Infrastructure...

Pillsbury Winthrop Shaw Pittman LLP on 4/10/2024

Most businesses in the United States will have to file incident reports—including for ransomware payments—under the Proposed Rule. The Department of Homeland Security has the authority to issue subpoenas and even penalties...more

Proposed Federal Cyber Incident Reporting Rule Adds Hefty Federal Reporting Requirements to Critical Infrastructure Sector and...

Woods Rogers on 3/28/2024

The federal Cybersecurity and Infrastructure Security Agency (CISA) released a draft of its proposed rule detailing how covered entities operating in critical infrastructure sectors report cyberattacks and ransomware payments...more

DoD Significantly Expands Voluntary Cybersecurity Program for Defense Contractors

Goodwin on 3/15/2024

The U.S. Department of Defense (DoD) published a finalized rule on March 12, 2024, which expands access to defense contractors who wish to participate in the Defense Industrial Base (DIB) Cybersecurity (CS) Program....more

[Webinar] Practical Advice on the SEC Rule: Cybersecurity Incidents and Risk Management Disclosures - January 25th, 10:00 am PT

Clark Hill PLC on 1/19/2024

Are you prepared for the new SEC Rule on Cybersecurity Incident and Risk Management Disclosures? Don't let your business get caught off guard! This webinar will cover important points about the rule and how to effectively...more

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

American Conference Institute (ACI) on 1/18/2024

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

The Crossroads of Cybersecurity and National Security: Delaying Disclosure of Incidents under the SEC’s New Cybersecurity Rule

Pillsbury Winthrop Shaw Pittman LLP on 1/15/2024

In recent guidance, the Department of Justice made clear that it will very rarely grant an extension of registrants’ deadline to disclose material cybersecurity incidents under the SEC’s Final Rules. Under the Securities and...more

Four of the Hottest Topics in Cyber Last Year

Epiq on 1/10/2024

From large-scale hacks to new rules governing cyber practices, the cyber landscape continues to become more complex. The risk for breaches is higher than ever before. The numbers support this declaration. According to the...more

SEC’s New Rules for Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure Go into Effect

ArentFox Schiff on 12/21/2023

On December 18, 2023, the US Securities and Exchange Commission’s (SEC) new rules enhancing and standardizing disclosures regarding cybersecurity risk management, strategy, governance, and incident reporting by companies who...more

Proposed Rules Overhaul Cybersecurity Requirements for Government Contractors

Pillsbury Winthrop Shaw Pittman LLP on 11/16/2023

The Federal Acquisition Regulation (FAR) Council has proposed two new cybersecurity rules that would impose significant obligations and risks for federal government contractors. The proposed rules impose substantial cyber...more

Show Your Work: The SEC Cyber Rules and Documenting Materiality Analysis Under NIST FIPS 199

Baker Donelson on 10/24/2023

The date July 26, 2023, marks the latest evolution of the cybersecurity regulation landscape as the Securities and Exchange Commission passed cybersecurity regulations for publicly traded companies. At the open meeting, SEC...more

Recent Developments for Directors - October 2023 Edition

Latham & Watkins LLP on 10/18/2023

SEC Adopts Final Rules on Cybersecurity Disclosures - The SEC has adopted rules requiring companies to provide disclosure within four business days of determining that a material cybersecurity incident has occurred, and...more

SEC’s New Cyber Disclosure Rule: Challenges, Consequences, And Compliance

K2 Integrity on 10/18/2023

The U.S. Securities and Exchange Commission’s (SEC) impending cyber disclosure rule, slated to commence on 15 December 2023, underscores an imperative shift towards a more transparent and accountable cybersecurity posture for...more

SEC's New Cybersecurity Disclosure Rules Now in Effect

Burr & Forman on 9/29/2023

In September, the Securities Exchange Commission’s new Cybersecurity Rule for reporting public companies became effective. The SEC Cybersecurity Rule applies to public companies and generally requires (1) disclosure of...more

Public Companies Get Prepared: SEC Adopts New Cybersecurity Disclosure Rules

Smith Anderson on 8/24/2023

The SEC adopted new rules for public companies regarding disclosure of information relating to cybersecurity risk management, strategy, governance, and material incidents. Companies will now be required to disclose...more

SEC Adopts New Cybersecurity Rule

Faegre Drinker Biddle & Reath LLP on 8/8/2023

On July 26, the Securities and Exchange Commission (“SEC”) finalized a much anticipated rule addressing cybersecurity risk management, strategy, governance, and incident disclosure. Public companies registered with the SEC...more

REMINDER: Compliance Deadline for FTC's GLBA Safeguards Rule Is Around the Corner

Davis Wright Tremaine LLP on 5/19/2023

A reminder to non-bank financial institutions subject to the Gramm-Leach-Bliley Act (GLBA): the deadline to comply with the Federal Trade Commission's (FTC) revised Standards for Safeguarding Customer Information, commonly...more

SEC Proposes New Cybersecurity Risk Management Rule for Various Market Entities

Dechert LLP on 5/11/2023

At an open meeting on March 15, 2023, the U.S. Securities and Exchange Commission voted three to two to propose a new rule, form and amendments (together, “Proposed Rule”) and published an accompanying release (“Release”)...more

Keeping Pace with Today’s Challenges: FCC Proposes New Data Breach Rules for CPNI

Faegre Drinker Biddle & Reath LLP on 1/13/2023

Prompted by a rapid increase in frequency, sophistication, and scale of data leaks and data breach legislation in recent years, the Federal Communications Commission (FCC) unanimously voted to kick off a proceeding aimed at...more

Preparing for the 2023 Shareholder Proposal Season

Skadden, Arps, Slate, Meagher & Flom LLP on 12/8/2022

On November 15, 2022, Skadden held a webinar titled “Preparing for the 2023 Shareholder Proposal Season.” The panelists were Gianna McCarthy, Director of Corporate Governance for the New York State Common Retirement Fund (NYS...more

New York Department of Financial Services Proposes New Cybersecurity Rules

King & Spalding on 8/25/2022

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) released Draft Amendments to its Part 500 Cybersecurity Rules, which propose substantial new obligations for the cybersecurity programs of companies...more

China Issues New Rules on Cybersecurity Review for Network Platform Operators Listing Abroad

Latham & Watkins LLP on 3/4/2022

Under the new rules Chinese NPOs holding more than 1 million individuals’ personal information must apply for a cybersecurity review prior to listing abroad. Key Points: ..Chinese network platform operators (NPOs) holding...more

SEC Proposes Cybersecurity Risk Management Requirements for Investment Advisers and Registered Funds

Kramer Levin Naftalis & Frankel LLP on 2/14/2022

On Feb. 9, 2022, the Securities and Exchange Commission (SEC or Commission) proposed a suite of new rules and amendments concerning cybersecurity risk management for registered investment advisers (advisers) and registered...more

[Webinar] FTC’s Revised Safeguards Rule: How To Navigate New Information Security Requirements - February 16th, 1:00 pm - 2:00 pm...

Wiley Rein LLP on 2/8/2022

The Federal Trade Commission’s revised Safeguards Rule, which enumerates specific cybersecurity standards and procedures, will impose many new obligations on companies that are covered as “financial institutions” under the...more

Analyzing the Impact of the Many New Rules of Cybersecurity

Association of Certified E-Discovery... on 12/15/2021

The federal government is trying to find as many ways as possible to handle the cybersecurity crisis facing the United States. While it is unlikely that Congress will pass a comprehensive federal cybersecurity law for the...more

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