On October 22, 2024, the U.S. Securities and Exchange Commission (“SEC” or “Commission”) issued a series of orders imposing almost $7 million in disclosure fines against four global digital service providers impacted by the 2020 SolarWinds compromise. The SEC accused
New York Department of Financial Services addresses cybersecurity risks from artificial intelligence
On October 16, 2024, the New York Department of Financial Services (“NYDFS” or “DFS”) issued guidance raising awareness about combatting cybersecurity risks arising from artificial intelligence (“AI”) used by DFS licensees, such as insurers and virtual currency businesses. Risks revolve
Department of Defense proposes requirements for assessing contractor cybersecurity
Background
On August 15, 2024, the Department of Defense (DoD) proposed amending the Defense Federal Acquisition Regulation Supplement (DFARS) to evaluate contractor cybersecurity (Cybersecurity Assessment Proposed Rule). Contractors already need documented, adequate security for handling sensitive information, but the proposed
California proposes rules for automated decision-making
On November 27, 2023, the California Privacy Protection Agency (“CPPA”) released a first draft of rules for automated decision-making technologies under California’s privacy law. The proposed rules revolve around providing notice of the technology’s use, opting out, and consumer access
President Biden issues sweeping artificial intelligence directives targeting safety, security and trust
On October 30, 2023, after recognizing that Artificial Intelligence (AI) is the most consequential technology of our time and anticipating that it will accelerate more technological change in the next five to ten years than witnessed in the past fifty
Biden restricts U.S. government use of commercial spyware
Governments state that they use commercial spyware exclusively for criminal investigations, but critics claim such spyware has purportedly been used for human rights abuses targeting journalists, human rights defenders, lawyers, and political dissidents. Moreover, the U.S. Government and its employees