Joseph J. Lazzarotti & Rachel A. Jacob of JacksonLewis write: Earlier this year, North Dakota’s Governor signed HB 1127, which introduces new compliance obligations for financial corporations operating in North Dakota. This new law will take effect on August 1, 2025. The law applies to certain “financial corporations.” Under the law, financial corporation means all entities regulated by…
Category: Legislation
SEC and SolarWinds Seek Settlement in Securities Fraud Case
Hunton Andrews Kurth writes: In a surprising development in the US Securities and Exchange Commission’s (“SEC’s”) ongoing securities fraud case against SolarWinds Corp. (“SolarWinds”) and its former chief information security officer (“CISO”), Timothy Brown, all three parties have petitioned the judge for a stay pending final settlement. Until the SEC’s four commissioners can vote to…
Detaining Hackers Before the Crime? Tamil Nadu’s Supreme Court Approves Preventive Custody for Cyber Offenders
The 420.in reports: The Supreme Court recently upheld the Tamil Nadu government’s decision to invoke preventive detention laws against cybercriminals. Justices Sandeep Mehta and Joymalya Bagchi termed the move “a very welcome approach,” highlighting the urgent need to address the growing threat of online financial fraud through stronger, faster legal mechanisms. […] Preventive detention allows…
Industry Letter – June 23, 2025: Impact to Financial Sector of Ongoing Global Conflicts
From: New York State Department of Financial Services To: All Individuals and Entities Regulated by the New York State Department of Financial Services Re: Impact to Financial Sector of Ongoing Global Conflicts The New York State Department of Financial Services (the “Department”) is issuing this guidance (“Guidance”) to all individuals and entities regulated by the…
DOJ’s Data Security Program: Key Compliance Considerations for Impacted Entities
Eleanor M. Ross, Cassidy Kim, Olivia Bellini of Greenberg Traurig, LLP write: On April 11, 2025, the DOJ’s National Security Division (NSD) issued a Compliance Guide, Implementation and Enforcement Policy, and FAQs for its Data Security Program (DSP), finalized pursuant to Executive Order 14117 and the 28 C.F.R. Part 202. The DSP is primarily designed to prevent certain cross-border data flows…
Cybersecurity takes a big hit in new Trump executive order
A recent executive order is taking federal cybersecurity requirements a few step backwards. Is there anything positive about it? Dan Goodin reports: Cybersecurity practitioners are voicing concerns over a recent executive order issued by the White House that guts requirements for: securing software the government uses, punishing people who compromise sensitive networks, preparing new encryption…