News & Analysis as of

Ransomware Cybersecurity Proposed Rules

ArentFox Schiff

Newly Proposed Rule Expanding Cyber Incident Reporting to Affect Financial Services Companies

ArentFox Schiff on

Recently, the US Department of Homeland Security’s (DHS) Cybersecurity & Infrastructure Security Agency (CISA) issued a notice of proposed rulemaking (NPRM) which, if adopted, would require “covered entities” of critical...more

McCarter & English Blog: Government Contracts...

CISA’s CIRCIA Proposed Rule: Another Player Enters the Reporting Regime

Cyber incidents involving critical infrastructure pose a serious risk to the US. In March 2024, the Environmental Protection Agency and the National Security Advisor warned state governors about potential attacks on drinking...more

WilmerHale

8 Questions To Ask Before Final CISA Breach Reporting Rule

WilmerHale on

On April 4, the Cybersecurity and Infrastructure Security Agency published a notice of proposed rulemaking setting out mandatory reporting requirements for covered entities that experience cybersecurity incidents or make...more

Jones Day

CISA Releases Proposed Cyber Incident and Ransom Payment Reporting Rules to Implement CIRCIA

Jones Day on

CISA's proposed rules will require organizations operating in U.S. critical infrastructure sectors to report cyber incidents within 72 hours and ransom payments within 24 hours. ...more

Schwabe, Williamson & Wyatt PC

Comments Sought on Proposed Requirements of the Cyber Incident Reporting for Critical ‎Infrastructure Act

On March 15, 2022, the Cyber Incident Reporting for Critical Infrastructure Act of 2022 was signed into law. Generally, CIRCIA requires “covered entities,” defined as entities in certain critical infrastructure sectors, to...more

Venable LLP

CIRCIA: Cyber Incident Reporting for Practically Everyone?

Venable LLP on

A sweeping array of businesses are another step closer to requirements to report cybersecurity incidents and ransomware payments to the federal government. On April 4, 2024, the U.S. Department of Homeland Security's (DHS)...more

Mayer Brown

Proposed Rule Issued to Implement Cyber Incident Reporting for Critical Infrastructure Act

Mayer Brown on

On March 27, 2024, the Cybersecurity & Infrastructure Security Agency (CISA) within the US Department of Homeland Security released a much-anticipated notice of proposed rulemaking (NPRM) to implement the Cyber Incident...more

Faegre Drinker Biddle & Reath LLP

Insurance Privacy, Cybersecurity and Data Strategy: Mid-2022 Updates

The first half of 2022 brought plenty of activity in the data privacy and cybersecurity space, much of which is applicable to or of interest to the insurance industry. We outline some of this activity below. Revisions to...more

Woods Rogers

Proposed SEC Cybersecurity Rules Require Public Companies to Act Now

Woods Rogers on

This month, the Securities and Exchange Commission (SEC) proposed new cybersecurity disclosure rules for publicly traded companies. The comment period is ongoing, but the take-away for public companies is immediate: a public...more

Faegre Drinker Biddle & Reath LLP

Congress Passes New Cyber Incident and Ransomware Payment Reporting Legislation

The United States Congress recently passed legislation that includes new cybersecurity provisions requiring critical infrastructure providers to report cyber security incidents, including the payment of ransom, to the...more

Alston & Bird

New Cybersecurity Law Will Require Cyber-Incident Reporting for Critical Infrastructure

Alston & Bird on

On March 1, the Senate unanimously passed the Strengthening American Cybersecurity Act of 2022, which will require critical infrastructure companies to report significant cyber-incidents and all ransom payments to the...more

Nutter McClennen & Fish LLP

Nutter Bank Report: September 2021

Division of Banks Warns of Risks from Representments Causing Multiple NSF Fees - The Massachusetts Division of Banks has issued a supervisory alert letter to warn banks about certain legal risks and risks of regulatory...more

Goodwin

Financial Services Weekly Roundup: Gone Phishing – The SEC’s OCIE Addresses Ransomware Attacks

Goodwin on

In This Issue. The Securities and Exchange Commission (SEC) adopted amendments to its exemptive applications procedures under the Investment Company Act of 1940, as amended (the 1940 Act) and proposed to amend Form 13F to...more

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