News & Analysis as of

Ransomware Reporting Requirements New Legislation

K&L Gates LLP

Pay the Price, Now ‘Fess Up’: Reporting Obligations for Ransomware Payments Are Live

K&L Gates LLP on

As of 29 May 2025, the requirement on businesses to report ransomware payments they make has come into effect. What is the Requirement? If a reporting business entity becomes impacted by a cyber security incident and ends up...more

Hogan Lovells

Australia mandates first-of-its-kind reporting of ransomware payments

Hogan Lovells on

Australia has implemented a first-of-its kind requirement for eligible businesses to report ransomware payments. From 30 May 2025, eligible businesses that make a payment in response to a cyber security incident, or become...more

BakerHostetler

Australia’s New Ransomware Payment Reporting Law Takes Effect, Covering Both Critical Infrastructure and Other Entities

BakerHostetler on

On May 30, the ransomware payment reporting requirements of Australia’s Cyber Security Act 2024 (CSA) took effect. The new requirement applies to a broad range of entities and cyber security incidents, requiring reporting...more

DLA Piper

Australia: Privacy Act Amendments and Cyber Security Act Become Law

DLA Piper on

On 29 November 2024, the Australian Senate passed the Privacy and Other Legislation Amendment Bill 2024 (Cth) (the Privacy Act Bill).  This follows the passage of the Cyber Security Act 2024 (Cth), and other cyber-security...more

Bradley Arant Boult Cummings LLP

Ransomware Reckoning – The New Bill Changes the Game

The Intelligence Authorization Act for Fiscal Year 2025 (S.4443) is a bold legislative step in addressing ransomware as a critical threat. The act’s provisions, from elevating ransomware to a national intelligence priority to...more

ArentFox Schiff

Legal Considerations for GCs and CFOs in the Fashion and Retail Industry in 2024

ArentFox Schiff on

The fashion and retail industry experienced another year of considerable change in 2023. As advancements in artificial intelligence (AI) spurred innovation within the industry, consumers and regulators worldwide called for...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

BCLP

Cyber Incident Reporting for Critical Infrastructure Act - What Companies Need to Know Now

BCLP on

The Cyber Incident Reporting for Critical Infrastructure Act (“CIRCIA” or “the Act”) is a new federal law, adopted in March 2022, which requires critical infrastructure entities to report certain cybersecurity incidents and...more

Womble Bond Dickinson

Legislation Requiring Reporting of Certain Cyber Incidents Enacted

Womble Bond Dickinson on

President Biden has signed into law the Consolidated Appropriations Act of 2022 (2022 CAA), which includes the Cyber Incident Reporting for Critical Infrastructure Act (Cyber Incident Reporting Act). The Cyber Incident...more

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