News & Analysis as of July 25, 2025

Cybersecurity › Regulatory Reform › Risk Management

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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 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 -

White House Releases AI Action Plan: "Winning the Race: America's AI Action Plan"

Paul Hastings LLP on 7/24/2025

July 23, the White House released its strategic action plan on AI, “Winning the Race: America’s AI Action Plan” (the AI Action Plan), which is designed to secure U.S. global leadership in AI with a strategic focus on...more

SEC Withdraws Proposed Cyber-Related Rule Applicable to Broker-Dealers And Signals SolarWinds Settlement on the Horizon

Alston & Bird on 7/21/2025

The Securities and Exchange Commission (SEC) recently announced the withdrawal of several Biden-era regulations, including a proposed rule that would have required a broad range of platforms and financial intermediaries (such...more

Cybersecurity Regulation in Flux as Trump Administration Focuses on Evolving Foreign and Tech Threats

Latham & Watkins LLP on 7/17/2025

The administration has signaled a potential softening of cyber regulation for domestic entities, with increasing focus on national security priorities and preparing for the future....more

The FCC’s National Security Mandate: The Rise of the Council on National Security

Wiley Rein LLP on 7/16/2025

The Federal Communications Commission (FCC) has taken significant steps to institutionalize national security within its regulatory framework through the creation of the Council on National Security (CNS). Chaired by Chairman...more

Ireland: NIS2 Revamps Ireland’s Cybersecurity Landscape: Old Regulators, New Powers

DLA Piper on 7/8/2025

The NIS2 Directive has significantly reshaped the cybersecurity landscape across the EU. Since the implementation deadline in October 2024, EU Member States have been working to incorporate new standards into their national...more

EU Space Act: First Glance at the 2025 Draft

DLA Piper on 6/25/2025

On 25 June 2025, the European Commission has proposed the draft of the EU Space Act. This proposed new law is intended to provide a harmonised regulatory framework at European level from 2030 to ensure safety, resilience, and...more

United States: The Great SEC Spring Clean Up–14 Proposals Wiped Away

K&L Gates LLP on 6/20/2025

Spring is a time of renewal, and the US Securities and Exchange Commission (SEC)–under its new chairman, Paul Atkins–has shown that. On 12 June 2025, the SEC withdrew 14 proposed rules impacting funds and asset managers,...more

SEC Withdraws 14 Pending Rule Proposals

Paul Hastings LLP on 6/19/2025

On June 12, the Securities and Exchange Commission (SEC) formally withdrew 14 proposed rules for investment advisers, broker-dealers and public companies, many of which had been pending for several years. Should the SEC...more

SEC Formally Withdraws Fourteen Rule Proposals

Proskauer - Regulatory & Compliance on 6/17/2025

On June 12, 2025 the Securities and Exchange Commission (“SEC”) formally withdrew fourteen outstanding rule proposals issued by the prior administration. Although most observers doubted that the current Commission would adopt...more

SEC Abandons Numerous Gensler-Era Proposed Rules

Cooley LLP on 6/16/2025

In just eight pages, the Securities and Exchange Commission (SEC) scrapped 14 proposed rules introduced between October 2020 and November 2023.1 Since taking office in April 2025, Chair Paul Atkins has struck a tone...more

Trump Administration Releases Cyber Executive Order Revealing Renewed Strategy for U.S. Cybersecurity

Alston & Bird on 6/16/2025

On June 6, 2025, President Trump issued an Executive Order (EO) on Sustaining Select Efforts to Strengthen the Nation’s Cybersecurity, amending certain prior directives established by the Biden and Obama administrations....more

Trump Issues Executive Order on Cybersecurity Rolling Back Some Prior Policies and Introducing New Ones

Morrison & Foerster LLP on 6/13/2025

Last week, the Trump administration made its priorities clear for the nation’s cybersecurity posture in the form of the newly issued executive order entitled “Sustaining Select Efforts to Strengthen the Nation’s Cybersecurity...more

FedRAMP 20x Initiative Promises Major Changes for Federal Cloud Service Providers

Davis Wright Tremaine LLP on 4/21/2025

Major changes are coming again to the Federal Risk and Authorization Management Program ("FedRAMP"), the federal government's cybersecurity authorization program for cloud service providers ("CSPs")....more

GSA Announces Overhaul of FedRAMP with Emphasis on Industry Input and Automation

Holland & Knight LLP on 4/8/2025

The U.S. General Services Administration (GSA) recently announced plans to develop the Federal Risk and Authorization Management Program (FedRAMP) 20x – a new approach to the government-wide program for the security...more

CISA reevaluating its critical infrastructure public-private partnership

Hogan Lovells on 4/8/2025

Earlier this month, Secretary of the Department of Homeland Security (DHS) Kristi Noem announced plans to disband the Critical Infrastructure Partnership Advisory Council (CIPAC). First created in 2006, CIPAC is a...more

FDIC Updates Crypto Guidance, Removes Pre-Approval Requirement for Banks

Sheppard Mullin Richter & Hampton LLP on 4/7/2025

On March 28, the FDIC issued updated guidance clarifying the process for FDIC-supervised institutions to engage in crypto-related activities. The guidance rescinds and replaces prior instructions issued in 2022 and makes...more

Pay vs. Performance and Cybersecurity Disclosure Rules: Will the SEC Retract Rulemaking?

Keating Muething & Klekamp PLL on 4/4/2025

On March 31, 2025, members of the U.S. House of Representatives Committee on Financial Services sent a letter to Mark Uyeda, Acting Chairman of the U.S. Securities and Exchange Commission. Seeking to “undo the damage from...more

FedRAMP Update – New Approach(es) to Authorization on the Way

Cozen O'Connor on 4/3/2025

On Monday, March 24, 2025, the General Services Administration (GSA) launched FedRAMP 20x, as an effort to automate parts of the program and create collaboration with the industry to improve authorization process for cloud...more

President Trump Issues Executive Order Calling on State and Local Governments to Support National Resilience

Latham & Watkins LLP on 3/31/2025

The order prioritizes extensive policy reviews, the introduction of a National Resilience Strategy and National Risk Register, and increased reliance on state and local governments to strengthen national infrastructure....more

FedRAMP 20x: Reformulating the Authorization Process

Morrison & Foerster LLP - Government... on 3/27/2025

FedRAMP Director Pete Waterman recently unveiled the “FedRAMP 20x” plan – a proposal designed to reimagine and reformulate the FedRAMP authorization process for federal government use of cloud-based products and services....more

Hong Kong passes its first Cybersecurity Law to safeguard critical infrastructure

A&O Shearman on 3/26/2025

Hong Kong’s Legislative Council passed the Protection of Critical Infrastructures (Computer Systems) Bill (the “CI Bill”) on March 19, 2025. This landmark legislation aims to enhance cybersecurity and minimize disruptions...more

Trump EO on Preparedness and Resilience Could Signal Major Shifts in Federal Role

Wiley Rein LLP on 3/26/2025

On March 19, 2025, the White House released Executive Order (EO) 14239, Achieving Efficiency Through State and Local Preparedness, which calls for a comprehensive review of and changes to many long-standing federal...more

DOD Mandates Use of Software Acquisition Pathway for Software Development Procurements

Wiley Rein LLP on 3/26/2025

WHAT: Department of Defense (DOD) Secretary Pete Hegseth issued a memorandum titled “Directing Modern Software Acquisition to Maximize Lethality” that is intended to reform DOD’s procurement involving software development....more

Regulatory Reset? U.S. Cyber Incident Reporting Rules Face Congressional Scrutiny

Davis Wright Tremaine LLP on 3/21/2025

Lawmakers expressed bipartisan support for significantly amending or eliminating some cybersecurity incident notification requirements during a recent hearing of the U.S. House Committee on Homeland Security's Subcommittee on...more

Secteur des paiements au Canada : Principaux développements attendus en 2025

Blake, Cassels & Graydon LLP on 3/18/2025

L’année 2025 pourrait se révéler porteuse d’importants changements dans le secteur des paiements au Canada en raison de l’élargissement de l’admissibilité à participer aux systèmes de Paiements Canada, ainsi que du...more

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