Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting.
The New York State Department of Financial Services’ (DFS) amendments (the...more
Cybersecurity incidents pose legal challenges for in-house counsel, alongside their technical implications. This overview highlights key aspects that legal departments must know when reacting to data breaches.
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In another move related to strengthening its cybersecurity enforcement efforts, the SEC announced that it will nearly double the size of its cyber enforcement unit.
On May 3, 2022, the SEC announced that it will allocate...more
Companies should take steps now to prepare for the new rules and expectations.
The US government continues to expand regulatory requirements around notification and disclosure of major cyberattacks or incidents. ...more