October 16, 2024 New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris today issued new guidance to assist regulated entities in addressing and combating cybersecurity risks arising from artificial intelligence. The guidance builds on the Department’s ongoing work to protect New Yorkers and DFS-licensed entities from cybersecurity risks through its nation-leading cybersecurity…
Category: Legislation
Do the Marriott cybersecurity settlements send the wrong message to CISOs, CFOs?
A report by Evan Schuman about recent Marriott settlements with the FTC and state attorneys general suggests that the settlements leave much to be desired. Both settlements have cybersecurity requirements, and the state settlement has a monetary component, but neither is strong enough as far as some experts are concerned. Here’s a snippet or two…
Cyber resilience act: Council adopts new law on security requirements for digital products
This is big. From the Council of the EU: The Council adopted today a new law on cybersecurity requirements for products with digital elements with a view to ensuring that products, such as connected home cameras, fridges, TVs, and toys, are safe before they are placed on the market (cyber resilience act). The new regulation…
General Hospital Cybersecurity Requirements Take Effect in New York
Mark Furnish and Jane M. Preston of Greenberg Traurig, LLP write: A new regulation related to cybersecurity program requirements for all New York general hospitals licensed under Article 28 of the Public Health Law (PHL) took effect Oct. 2, 2024. All general hospitals must comply with the new provisions within one year of the adoption…
Australia Introduces First Standalone Cybersecurity Law
James Coker reports: The Australian government has introduced the country’s first standalone cybersecurity law to Parliament. The new legislation aims to better protect citizens and organizations against a heightened geopolitical and cyber threat environment. The Cyber Security Bill 2024 covers a range of areas, including mandating minimum cybersecurity standards for IoT devices and mandatory ransomware reporting for critical infrastructure…
What to expect from the UK’s Cyber Security and Resilience Bill (and when)
Mark Young, Paul Maynard, and Tomos Griffiths of Covington and Burling write: The UK Government has announced that it intends to introduce the Cyber Security and Resilience Bill (the “Bill”) to Parliament in 2025. Formally proposed as part of the King’s Speech in July, this Bill is intended to strengthen the UK’s cross-sectoral cyber security legislation to better protect…