On October 22, 2024, the U.S. Securities and Exchange Commission (the “SEC”) announced settled charges in separate actions against four technology companies—Avaya Holdings Corp. (“Avaya”), Check Point Software Technologies Ltd.…
When a company is hit by a cyber attack, normal business gives way to the chaos of managing the investigation, operational disruptions, legal issues, and communications with customers, employees, vendors,…
On October 16, 2024, the New York Department of Financial Services (the “NYDFS”) issued an Industry Letter providing guidance on assessing cybersecurity risks associated with the use of AI (the…
Debevoise & Plimpton LLP has been shortlisted for the Financial Times’ Innovative Lawyers North America awards in the “Innovation in New Services to Manage Risk” category. The firm was selected for its global…
Earlier this year, the U.S. Department of Housing and Urban Development (“HUD”) released an unannounced and immediately effective Cyber Incident Reporting Requirement (the “Original Requirements”) in Mortgagee Letter 2024-10, which…
On November 14-15, 2024, the University of Texas School of Law and McCombs School of Business will host a groundbreaking event limited to public company directors and C-suite executives —…
On July 29, 2024, the Standing Committee on Ethics and Professional Responsibility of the American Bar Association (“ABA”) published Formal Opinion 512, providing guidance on the ethical use of generative…
On July 18, 2024, in the landmark SEC v. SolarWinds Corp. case, U.S. District Judge Paul Engelmayer dismissed the majority of the claims brought by the U.S. Securities and Exchange Commission (the…
On July 11, 2024, the New York State Department of Financial Services (the “NYDFS”) adopted Insurance Circular Letter No. 7 regarding the Use of Artificial Intelligence Systems and External Consumer…
Debevoise’s Data Strategy and Security group recently assisted four leading trade associations that represent the financial services industry in preparing a joint comment letter in response to the Cybersecurity and…