Exploring the evolution of cybersecurity and privacy law
The EU Digital Operational Resilience Act (“DORA”) entered into force in January 16, 2023, setting forth security requirements for network and information systems of organizations operating in the financial sector;
Obligations under DORA are to be further detailed by Regulatory Technical Standards (“RTS”) and Implementing Technical Standards (“ITS”), aimed at harmonizing requirements and facilitating implementation;…
The New York Department of Financial Services (NYDFS) has proposed revisions to its cybersecurity regulation for banks, insurance companies and other financial services companies. The proposal significantly expands requirements for covered entities, including new requirements for larger companies, expanded governance requirements, additional notice and compliance certification requirements and more.
In this one-hour webinar, members of…
On June 28, 2023, the New York Department of Financial Services (“NYDFS”) published updated proposed amendments to its cybersecurity regulation (the “2023 Proposal”) applicable to “covered entities.”1 Covered entities are any person operating under, or required to operate under, a license, registration, charter, certificate, permit, accreditation or similar authorization under the New York Banking…
The Biden administration released its National Cybersecurity Strategy (“Strategy”) on March 2, 2023.1 The Strategy builds on previous policy actions by the Biden administration that sought to strengthen cybersecurity in critical infrastructure and protect personal data, including through regulatory action, government procurement requirements, and an emphasis on software security. The Strategy calls for (1)…
Following on from our alert in relation to technology, data privacy, cybersecurity and IP legal developments to look out for in 2023, this update outlines some of the potential developments and trends in the UK cyber incident response landscape for 2023.
Increased litigation risk for cyber breach victims – the Information Commissioner’s Office begins naming …
With the cybersecurity landscape evolving ever more rapidly, and the threats to businesses’ critical information and assets—as well as to their bottom lines—are only increasing. Breaches continue to grow in scale and sophistication, regulators are crowding the field with an expanding and shifting array of requirements and de facto standards, and litigation remains perilous. Now,…
Software security is a critical issue for multinational businesses. Highlighted as a top priority by the Biden administration and other governments worldwide, software security is a central pillar of effective cybersecurity—and managing associated legal risk. But developing and maintaining secure software is challenging, including to the extent that companies manage complex software development lifecycles, face…
An organization’s board of directors assumes ultimate accountability for governing cybersecurity risk. Chief information security officers (CISOs) play an increasingly indispensable role in enabling board members and senior executives to engage in appropriate cyber risk management, communicate using cyber metrics with business objectives in mind, and facilitate proper oversight of the company’s cyber program. Among…
Ransomware attacks continue to cause serious disruption to organizations and show no signs of slow-down. What starts as a security failure quickly becomes a serious business risk, requiring decision-making at the board level. Our speakers will touch on various legal and technical factors impacting a company’s response to a ransomware attack and provide practical advice…
As cybersecurity and privacy risks mount, financial services companies face new concerns about compliance and enforcement as well as the risk of business interruption and costly litigation. In this Cybersecurity Awareness Month program, our lawyers will discuss the recent regulatory developments from the New York Department of Financial Services (NYDFS) that are presenting real-world challenges…
