On November 12, 2024, the Cybersecurity and Infrastructure Security Agency (“CISA”), the Federal Bureau of Investigation (“FBI”), National Security Agency (“NSA”) and certain international partners (including the Australian Signals Directorate’s Australian Cyber Security Centre, Canadian Centre for Cyber Security, New Zealand National Cyber Security Centre and New Zealand Computer Emergency Response Team, and the United […]
NIST Releases Updated Draft Guidelines regarding AI Use in Identity Systems
On August 21, 2024, the National Institution of Standards and Technology (“NIST”) released the second draft of its Digital Identity Guidelines, which provides federal agencies with a framework for identity proofing and authentication of external employees, government contractors, and individuals accessing government information systems and services. Building on the first draft of the guidance, the […]
CISA Releases Findings from its AI Pilot Program on Detecting Critical Vulnerabilities
On July 28, 2024, the Cybersecurity and Infrastructure Security Agency (CISA) announced that they piloted an Artificial Intelligence (AI)-enabled vulnerability program to help detect and remediate vulnerabilities in the U.S. government’s critical networks, systems, and software, as required by Executive Order (EO) 14110. From late 2023 to early 2024, CISA performed the pilot program to […]
SEC Corporation Finance Provides Additional Guidance on the Disclosure of Material Cybersecurity Incidents in Form 8-K
On June 24, 2024, the Division of Corporation Finance (“Corp Fin”) of the Securities and Exchange Commission (“SEC”) issued five new Compliance and Disclosure Interpretations (“C&DIs”) related to the disclosure of “material” cybersecurity incidents in Item 1.05 of Form 8-Ks. The C&DIs present hypothetical fact patterns related to ransomware attacks and insurance reimbursement for damages […]
LockBit Takedown Indicates Shifting DOJ Cyber Strategy and Has Implications for Ransomware Victims
On May 7, 2024, the United States unsealed an indictment against Dmitry Yuryevich Khoroshev, one of the leaders of the Russian-based ransomware group LockBit, for his alleged involvement in developing and distributing the LockBit ransomware. According to the indictment, Khoroshev performed both administrative and operational roles for the cybercrime group, including upgrading the LockBit infrastructure, […]