On February 21, 2024, President Biden signed an Executive Order and issued several federal rules aimed at improving the cybersecurity of U.S. ports and maritime supply chains. The measures introduce new cybersecurity requirements and standards for stakeholders of the U.S.
Cybersecurity
Significant amendments to the Singapore Cyber Security Act set to have implications for the cybersecurity landscape
On 15 December 2023, the Cyber Security Agency of Singapore (CSA) released the draft Cybersecurity (Amendment) Bill (Draft Bill), which seeks to amend the Cyber Security Act 2018 (CS Act), for public consultation. The…
International Data Privacy Day: Unpacking recent significant ECJ decisions
A flurry of significant European Court of Justice judgments relating to data protection were published in the final few months of 2023.
In celebration of International Data Privacy Day, in this 1 hour webinar our European data protection specialists will…
The EU AI Act: What obligations will apply to your business?
Political agreement was achieved at the beginning of December in relation to the EU’s AI Act (AIA) – the first major step in the regulation of artificial intelligence.
Although the final texts are not yet available, the key elements are…
$8 million penalty to NYDFS – and another case of over-retention
2024 was not a happy new year for Genesis Global Trading, Inc. (“GGT”). On January 3, 2024, the New York Department of Financial Services announced a consent order with GGT, where GGT agreed to pay NYDFS $8 million and to…
Managing AI risks and legal implications, effective cybersecurity, ensuring privacy and the integrity of organizational records
In a world where generative AI is driving innovation and technology is outpacing legislation, there’s a lot for companies to consider to maintain operational effectiveness and minimize risk. To help provide some guidance, Norton Rose Fulbright Canada hosted its 2023…
PART II: Legislative advances in the world of artificial intelligence, Canada
On October 5, the Minister of Innovation, Science and Industry (ISED) wrote a letter to the Standing Committee on Industry and Technology proposing amendments to Artificial Intelligence and Data Act (AIDA), which was introduced as part of Bill C-27…
Advances in artificial intelligence legislation in Canada (Part I)
On September 27, the Minister of Innovation, Science and Industry released a voluntary code of conduct specific to generative AI. This GenAI code follows the proposed Artificial Intelligence and Data Act (AIDA), which was introduced as part of Bill…
US SEC charges SolarWinds and its CISO for alleged cybersecurity misstatements and controls failures
On October 30, 2023, the SEC announced charges against SolarWinds and its Chief Information Security Officer Timothy Brown.
Read our full analysis at www.nortonrosefulbright.com.
Special thanks to Law Clerk Ian Slingsby (Washington, DC) for his assistance in the…
NYDFS releases major update to Part 500 cybersecurity requirements for financial services companies
On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. These revisions represent the most significant modifications since the enactment of the rules in March 2017. Noticeably…