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 […]
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New York Department of Health Issues Urgent Cybersecurity Warning Following U.S. Strikes on Iranian Nuclear Facilities
The New York State Department of Health has issued an urgent cybersecurity advisory (the Advisory) warning of increased threat levels and a higher likelihood of cybersecurity attacks from Iranian state-backed actors following U.S. military strikes on the Fordow, Natanz, and Isfahan nuclear facilities in Iran. The Advisory warns that “intelligence sources indicate a high likelihood […]
Additional Cybersecurity Requirements of NYDFS Part 500 Take Effect Today
Today, on May 1, 2025, additional enhanced cybersecurity controls required by the Second Amendment to the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (23 NYCRR Part 500) (the “Second Amendment”) take effect. Although the Second Amendment was originally adopted in November of 2023, NYDFS established a multi-year rollout of the Second Amendment’s requirements, […]
Congress Seeks Comments on Comprehensive Federal Data Privacy Law
Since the first comprehensive state data privacy law went into effect in California in 2020, 18 other states have enacted comprehensive data privacy laws, with 14 others currently moving through their respective state legislative process. The proliferation of such state laws is happening at a breakneck pace, and leaving in their wake regulated entities who […]
Last Minute Biden Cybersecurity and Artificial Intelligence Executive Orders Survive Initial Trump Revocations
In the final week of the Biden Administration’s term in office, former President Biden issued two high profile executive orders that could have significant ramifications for the cybersecurity and technology industries. The first, issued on January 14, 2025, is an “Executive Order on Advancing United States Leadership in Artificial Intelligence Infrastructure” (the “AI Infrastructure Order”). […]