Tag archives: United States

New commitments in principle regarding UK to USA data transfer mechanism

On 8 June 2023, the UK Secretary of State for Science, Innovation, and Technology and the US Secretary of Commerce issued a joint Statement confirming that the UK and the USA have committed in principle to establishing a “data bridge” to allow for the free flow of data between organisations in the UK and participating … Continue reading

US Senate considers mandating 24-hour reporting requirement for ransom payments

Norton Rose Fulbright - Data Protection Report blogOn September 28, 2021, the US Senate Homeland Security and Governmental Affairs Committee released a draft bill that would, among other things, require nearly all entities that make a ransom payment as the result of a ransomware attack against the entity to report the payment to the Director of the Cybersecurity and Infrastructure Security Agency … Continue reading

US banking regulators propose a rule for 36-hour notice of breach

On December 18, 2020, the US Department of the Treasury (Office of the Comptroller of the Currency), Federal Reserve and Federal Deposit Insurance Corporation (FDIC) jointly announced a 53-page proposed rule that would require banks to notify their regulators within 36 hours of a “computer-security incident” that rises to the level of a “notification incident.” … Continue reading
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