This is the second post in our two-part Debevoise Data Blog series covering the U.S. Treasury Department’s report on Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector (the “Report”). In…
June 27, 2024 On June 24, 2024, the staff of the Division of Corporation Finance of the Securities and Exchange Commission (the “SEC”) released five new Compliance & Disclosure Interpretations…
On January 26, 2022, the FBI, DOJ, and international law enforcement partners dropped a bombshell of an announcement: they had dismantled the infrastructure of one of the most prolific ransomware…
On Thursday, January 12, 2023 at 3:00 PM EST Erez Liebermann spoke on a virtual panel entitled The Changing Tides of Regulation: Navigating New Regulatory Requirements and Guidance Around Cybersecurity…
On January 24, 2022, SEC Chair Gary Gensler gave a speech on cybersecurity rulemaking to the Annual Securities Regulation Institute, outlining a number of key points he expects the SEC…
Be prepared for increasing scrutiny from the Federal Trade Commission (“FTC”) and other regulators regarding the Log4j vulnerability. The attention of the cybersecurity community has been captured by the recently…
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 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 September 21, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued an updated advisory (the “Advisory”) on sanctions risks associated with payments to threat…