More regulators (apart from the FTC) are now taking note of cybersecurity issues in the financial services industry and are taking steps to protect the industry and its consumers. Earlier this year, the Consumer Financial Protection Bureau (“CFPB”) issued its first enforcement action on data security against an online payment system. In June, the Federal […]
Search Results for: Cybersecurity Regulation
IBM and Alston & Bird Webinar: Cybersecurity Preparedness and Incident Response – On a Global Basis – March 29
IBM and Alston & Bird will host a webinar on Tuesday, March 29. Security incidents are increasingly taking on a global flavor, as multi-national companies continue to expand their data footprint across the globe. At the same time, a number of countries are passing new laws and regulations regarding cybersecurity preparedness and breach notification. The […]
Administration Seeks to Renegotiate Controversial Cybersecurity Export Control
The Obama administration will reportedly seek to renegotiate a controversial cybersecurity export control rule required to be implemented into U.S. regulations by the Commerce Department under the Wassenaar Arrangement on Export Controls for Conventional Arms and Dual-Use Goods and Technologies. The Wassenaar Arrangement is based on a multilateral agreement reached by the founding countries in […]
EU Institutions Reach Agreement on First Pan-European Legislation on Cybersecurity
On December 7, 2015, after more than two years of legislative consideration, the European Parliament and the European Council reached a political agreement concerning the Directive on Network and Information Security (“NIS Directive”). Under the NIS Directive, operators of essential services will be required to take appropriate security measures and report cybersecurity incidents. The amended draft NIS […]
Alston & Bird Issues an International Trade & Regulatory/Cybersecurity Advisory on Proposed New Export Requirements for Cybersecurity Products and Technologies
Alston & Bird recently issued an Advisory on a new regulation proposed by the Department of Commerce’s Bureau of Industry Security (BIS), which would require certain developers, manufacturers, and users of cybersecurity intrusion and surveillance items to obtain export licenses before conducting business and performing their work—even when working with their affiliated companies or with […]