On December 7, 2021, the New York Department of Financial Services (“DFS”) released new guidance on multifactor authentication (“MFA”), indicating that it is increasing its review of MFA during examinations,…
On November 18, 2021, federal banking regulators published a Final Rule that imposes new notification requirements on banking organizations for certain cybersecurity incidents. Most significantly, the Final Rule requires that…
On November 15, 2021, President Biden signed the Infrastructure Investment and Jobs Act into law, authorizing $1.2 trillion for infrastructure spending, including approximately $2 billion for various federal cybersecurity projects.…
On November 8, 2021, the U.S. Department of the Treasury (“Treasury”) announced a new set of sanctions against criminal ransomware actors, the virtual currency exchange Chatex, and three companies providing…
On November 2, members of our Data Security & Strategy and White Collar & Regulatory Defense teams hosted a webcast on the SEC’s Cybersecurity Year in Review 2021. The panelists,…
Several recent developments have caused companies to review their whistleblower policies and procedures, especially in the areas of cybersecurity and artificial intelligence (“AI”). First, on October 28, 2021, New York…
Debevoise’s Data Strategy & Security practice has launched its Debevoise Data Portal. The Portal, which had been in beta testing since June 2020 with a select group of users, is…
On October 13, the annual Securities and Exchange Commission Speaks seminar concluded with presentations from the Examination, Enforcement, and Investment Management divisions. As SEC regulated entities (including publicly traded companies,…
Almost everyone working in cybersecurity compliance is aware that each U.S. state has its own set of breach notification requirements. What is less known is that many of these states…
The U.S. Securities and Exchange Commission this week took the rare step of penalizing a company for its allegedly poor disclosure of a cyber incident. The SEC announced a $1…