The Securities and Exchange Commission (SEC) recently announced the withdrawal of several Biden-era regulations, including a proposed rule that would have required a broad range of platforms and financial intermediaries (such as broker-dealers, clearing agencies, national securities exchanges, and transfer agents) to adopt policies and procedures that address cybersecurity risks. The proposed rule also would […]
About Kristen Bartolotta
Trump Administration Releases Cyber Executive Order Revealing Renewed Strategy for U.S. Cybersecurity
On June 6, 2025, President Trump issued an Executive Order (EO) on Sustaining Select Efforts to Strengthen the Nation’s Cybersecurity, amending certain prior directives established by the Biden and Obama administrations. Importantly, the administration’s new directive maintains continuity of the cybersecurity goals of prior administrations and demonstrates that cybersecurity remains a bipartisan priority. However, the […]
UK Government Proposes Targeted Ban on Ransom Payments and Increased Ransomware Incident Reporting
On January 14, 2025, the United Kingdom government published a consultation on ransomware proposing new measures to increase incident reporting and reduce ransom payments (the “Consultation”). The Consultation outlines three objectives in this regard and is open for responses until April 8, 2025. Proposal 1: Targeted Ban on Ransomware Payments The UK government is proposing […]
Department of Homeland Security Releases Recommended Framework for AI in Critical Infrastructure
On November 14, 2024, the Department of Homeland Security (“DHS”) announced a set of voluntary recommendations called the “Roles and Responsibilities Framework for Artificial Intelligence in Critical Infrastructure” (“Framework”). Recognizing the severe consequences associated with disruption to the nation’s critical infrastructure, DHS released the framework to address certain risks associated with the use of AI […]
SEC 2025 Examination Priorities Indicate Sustained Focus on Cybersecurity & Data Protection
The SEC has released its Examination Priorities: Fiscal Year 2025 (“Examination Priorities”), which may be a useful roadmap to SEC-registered investment advisers, exchanges, and other entities subject to routine examination by the SEC Division of Examinations (“EXAMS”). The Examination Priorities represent the EXAMS Staff’s identification of areas of heightened risks to investors and/or the integrity […]