News & Analysis as of

Supply Chain Cybersecurity Financial Services Industry

Blake, Cassels & Graydon LLP

House of Commons Re-Introduces Federal Cybersecurity Legislation

On June 18, 2025, the Minister of Public Safety introduced Bill C-8, An Act respecting cyber security, amending the Telecommunications Act and making consequential amendments to other Acts (Bill C-8). If passed, Bill C-8...more

Integreon

DORA Compliance Part 1: Proactively Meeting DORA Supply Chain Resilience Obligations

Integreon on

Introduction to DORA and its Implications - As of Jan.17, 2025, the European Union’s Digital Operational Resilience Act (DORA) became enforceable. This new regulatory framework significantly impacts financial institutions and...more

HaystackID

Rising Cyber Threats in Europe’s Financial Sector: An ENISA Overview

HaystackID on

Between January 2023 and June 2024, cyber threats targeting Europe’s financial sector escalated, posing risks to banks, financial service providers, and regulatory bodies. According to the ENISA Threat Landscape: Finance...more

Orrick, Herrington & Sutcliffe LLP

FINRA publishes its 2025 Regulatory Oversight Report

On January 28, FINRA published its 2025 FINRA Regulatory Oversight Report, which highlights areas identifying compliance gaps and observing emerging risks. The report introduced new topics such as the third-party risk...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

New York State Department of Financial Services Releases Guidance on Combating Cybersecurity Risks Associated With AI

On October 16, 2024, the New York State Department of Financial Services (NYDFS) released guidance highlighting the cybersecurity risks associated with artificial intelligence (AI) and how covered entities regulated by NYDFS...more

Akin Gump Strauss Hauer & Feld LLP

USTR Concludes its Section 301 “Necessity Review” and Increases Tariffs in Key Sectors

Key Points - Last Tuesday, USTR announced the results of its Section 301 “necessity review.” Today, USTR followed up with a Federal Register notice providing details on the further proposed modifications to the Section 301...more

Epiq

Data Breaches up 72% From Record High: Cyber Incident Readiness Must be Top of Mind

Epiq on

“Protect your data! Breaches are on the rise!” These warnings seem to be everywhere – and rightfully so. Threat actors are sophisticated and new breach trends are constantly materializing. Awareness is no longer enough. It...more

Mayer Brown

EU Cyber Legislation Puts Emphasis on Board Responsibility

Mayer Brown on

What is a Management Body? Under both DORA and NIS2, a management body can be a body with managerial and/or supervisory functions. The powers and structure of management bodies vary within the EU Member State, and managerial...more

Harris Beach Murtha PLLC

Division Y-Cyber Incident Report for Critical Infrastructure Act of 2022 Becomes Law, with Regulations Expected by 2025

Division Y – Cyber Incident Reporting for Critical Infrastructure Act of 2022 was signed into law by President Biden on March 15. Highlights of the Act include: ...more

Sheppard Mullin Richter & Hampton LLP

NYDFS Issues Ransomware Guidance

The New York State Department of Financial Services recently announced new guidance addressing ransomware attacks, and highlighting cybersecurity measures to significantly reduce the risk of an attack. The guidance comes as...more

Sheppard Mullin Richter & Hampton LLP

NYDFS Issues Supply Chain Management Guidance

The New York State Department of Financial Services recently issued recommendations to financial institutions in the aftermath of the SolarWinds cyberattack. In that attack, hackers inserted malware into SolarWinds software...more

Mitratech Holdings, Inc

What Are Our GRC Experts’ Predictions for 2021?

If 2020 has a lesson for anyone, it is not to make any predictions. That said, predictions do offer people the chance to take stock and sense what the priorities are for the coming months, and where they need to focus their...more

Holland & Knight LLP

DHS Hosts Cybersecurity Summit; Announces New Cross-Sector Risk Management Center - Kicks Off Renewed Focus on Cyber Risks to the...

Holland & Knight LLP on

On Tuesday, July 31, 2018, the Department of Homeland Security (DHS) hosted a National Cybersecurity Summit, featuring the nation's top homeland, national security and law enforcement officials. The event featured Vice...more

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