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Data Breach Cyber Attacks Regulatory Reform

Gray Reed

Unpacking the Texas Data Privacy & Security Act: A Company’s Guide for Navigating Compliance

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As businesses grapple with the evolving, regulatory landscape for data privacy, the Texas Data Privacy & Security Act (TDPSA) emerges as a pivotal law. This comprehensive legislation, effective July 1, 2024, established...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - May 2024 #3

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CYBERSECURITY - Health Care Entities Continue to Get Pummeled by Cybersecurity Attacks - The newest health care entity to be hit by a cyberattack is Ascension Health, which operates 140 hospitals and 40 assisted living...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - November 2023 #3

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CYBERSECURITY - New York Governor Proposes Cybersecurity Regulations for NY Hospitals - On November 13, 2023, Governor Kathy Hochul released proposed cybersecurity regulations applicable to all hospitals located within...more

Polsinelli

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

Polsinelli on

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

Nelson Mullins Riley & Scarborough LLP

SEC Adopts New Cybersecurity Disclosure Requirements

The Securities and Exchange Commission (“SEC”) adopted the final rules (the “Final Rules”) on July 26, 2023 that will require disclosure of material cybersecurity incidents, cybersecurity risk management, strategy, and...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

SEC Adopts Cybersecurity Incident and Risk Management Disclosure Rules

Polsinelli on

On July 26, 2023, the Securities and Exchange Commission (the “SEC”) adopted new rules requiring public companies to disclose within four business days material cybersecurity incidents they experience and to disclose annually...more

Thomas Fox - Compliance Evangelist

SEC Formalizes New Rules on Cyber Breach Disclosures

The SEC has recently voted on new rules that will require companies to disclose material cybersecurity incidents within four days and to make disclosures about their broad cybersecurity risks in their annual report. Tom Fox...more

Robinson+Cole Data Privacy + Security Insider

SEC Adopts New Cybersecurity Rules for Public Companies

In a 3-2 vote, the Securities and Exchange Commission (SEC) adopted new cybersecurity rules yesterday (July 26, 2023) applicable to public companies. The rules, which will become effective thirty days after publication in...more

Bilzin Sumberg

SEC’s New Cyber Incident Disclosure Requirements Will Go Into Effect in December

Bilzin Sumberg on

Come December 2023, public companies will have a very narrow window to report cybersecurity incidents that materially affect their companies. Companies will also have to report annually how they assess and manage...more

Davis Wright Tremaine LLP

New Iowa Legislation Creates Cybersecurity Safe Harbor

Iowa becomes the fourth U.S. state to provide an affirmative defense for companies that adopt a cybersecurity framework - Iowa is the fourth state—following Ohio, Connecticut, and Utah—to provide a statutory incentive for...more

Polsinelli

Leveraging “Public-Private Collaboration” for Critical Infrastructure Cybersecurity

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In March, the White House issued its long-awaited National Cybersecurity Strategy.  The strategy includes five pillars, Pillar One being “Defend Critical Instructure” with its first and second subparts focusing on (1)...more

Polsinelli

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

Polsinelli on

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

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - June 2022

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CYBERSECURITY - Verizon’s 2022 Data Breach Investigations Report: A Must Read - I love Verizon’s annual Data Breach Investigations Report (DBIR). I have pored over its content every year since its inception in 2008. (Just...more

Nelson Mullins Riley & Scarborough LLP

Not in My Backyard: NC Becomes First State to Prohibit Public Entities from Paying Ransoms

As part of the budget appropriations law enacted on November 18, 2021, North Carolina became the first state in the nation to prohibit state agencies and local government entities from paying a ransom following a ransomware...more

Bilzin Sumberg

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

Bilzin Sumberg on

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

Robinson+Cole Data Privacy + Security Insider

Indiana Amends Breach Notification Law to Require Notification Within 45 Days

Indiana has amended its breach notification law to require entities to notify individuals “without unreasonable delay, but not more than forty-five (45) days after the discovery of the breach.” It clarifies that a delay is...more

Jones Day

President Biden Signs Cyber Incident Reporting for Critical Infrastructure Act

Jones Day on

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

Robinson+Cole Data Privacy + Security Insider

New York Law Incorporates Identity Theft into the Definition of Elder Abuse

New York recently passed legislation to amend the definition of elder abuse to include identity theft. This is important as an acknowledgement of the seriousness of the problem of identity theft involving the elderly, and the...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

Stinson - Corporate & Securities Law Blog

SEC Issues Proposed Rules on Disclosure of Cybersecurity Incidents

The SEC has issued proposed rules on disclosure of cybersecurity incidents.  Specifically, the SEC is proposing to: Amend Form 8-K to add Item 1.05 to require registrants to disclose information about a cybersecurity...more

Robinson+Cole Data Privacy + Security Insider

White House Focused on Combating Ransomware

Ransomware attacks are frequent and escalating as we speak. Double extortion scams are hitting companies at a dizzying pace, and catching companies, large and small, off-guard. U.S. President Joseph Biden warned Russian...more

Jones Day

Connecticut Expands Data Breach Notification Requirements and Establishes a Cybersecurity "Safe Harbor"

Jones Day on

Connecticut has become the third state to enact a cybersecurity safe harbor statute. On June 16 and July 6, 2021, Connecticut Governor Ned Lamont signed two new cybersecurity laws that continue the national trend of...more

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