Rhode Island has enacted Senate Bill 603 (SB603), effective July 2, 2025, establishing a comprehensive cybersecurity framework for nonbank financial institutions licensed by the state’s Department of Business Regulation (DBR). Although SB603 is closely modeled after the New York Department of Financial Services’ (NYDFS) Cybersecurity Regulation, 23 NYCRR Part 500 (Part 500), SB603 introduces several […]
Board Governance & Cyber Risk Management
DOJ Settles Cyber Qui Tam Action Against Illumina for Allegedly Unsecured Genomic Sequencing Products
On July 31, 2025, the United States Department of Justice (DOJ) announced a $9.8 million settlement with Illumina, Inc. (Illumina) to resolve alleged False Claims Act (FCA) violations related to cybersecurity vulnerabilities and shortcomings in its genomic sequencing products. Of the total settlement, $1.9 million will be paid to the qui tam whistleblower who brought […]
CISA and FBI Joint Update on Scattered Spider: Evolving Threats and Mitigation Guidance
The Cybersecurity & Infrastructure Security Agency (CISA), Federal Bureau of Investigation (FBI), and international partners issued an updated advisory on July 29, 2025, highlighting the evolving tactics, techniques, and procedures (TPPs) of the cybercriminal group Scattered Spider. First identified in 2023, this group is notorious for targeting large enterprises and their contracted IT help desks, […]
Microsoft Announces Two New On-Premises SharePoint Vulnerabilities
Introduction On July 19, 2025, Microsoft announced two new vulnerabilities that are actively being exploited (CVE-2025-49704 and CVE-2025-49706) and that relate to on-premises Microsoft SharePoint instances that are exposed to the internet. CVE-2025-49704 is a remote code execution (RCE) vulnerability, which allows an attacker to run malicious code on a target system. CVE-2025-49706 is […]
CPPA Board Votes to Adopt CCPA Regulations; Open DROP Rules to Public Comment
On July 24, 2025, the California Privacy Protection Agency (“CPPA”) Board voted to adopt draft regulations under the California Consumer Privacy Act (“CCPA”) concerning cybersecurity audits, risk assessments, automated decisionmaking technologies, and the CCPA’s application to insurance companies. The approved regulations also include certain updates to the existing CCPA regulations. The CPPA will now submit […]