Cyber risk has shifted from a technical issue to a systemic one and Britain’s financial regulators are making that reality unmistakably clear. On March 18, 2026, the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), and Bank of England announced a new, unified cyber and operational resilience framework that strengthens the requirements on how firms […]
About Kristen Bartolotta
SEC Withdraws Proposed Cyber-Related Rule Applicable to Broker-Dealers And Signals SolarWinds Settlement on the Horizon
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 […]
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 […]