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The U.S. National Defense Authorization Act for Fiscal Year 2021: Cybersecurity Provisions

USA - January 8 2021 The William (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 ("NDAA," the "Act") was enacted into law on New Year's Day when...

Marcus A. Christian, Rajesh De, Gabriel Perlman, Marcia G. Madsen, Stephen Lilley.

New Incident Notification Requirements Proposed by Federal Regulators for US Financial Institutions and Their Service Providers

USA - December 23 2020 In December 2020, the Board of Governors of the Federal Reserve System (“Federal Reserve”), Office of the Comptroller of the Currency (“OCC”), and...

Marcus A. Christian, Jeffrey P. Taft, Matthew Bisanz.

European Data Protection Board publishes recommendations on the supplementary measures to be taken for international personal data transfers from Europe

United Kingdom, European Union - November 12 2020 On 11 November 2020, the European Data Protection Board (the "EDPB") published for public consultation new Recommendations 012020 on the measures to...

Ana Hadnes Bruder, Mark A. Prinsley, Ondrej Hajda, Oliver Yaros.

Sound Practices for Operational Resilience Released by US Banking Regulators

USA - November 5 2020 On October 30, 2020, the US federal banking regulators issued guidance on sound practices for the largest US banking organizations to strengthen...

Thomas J. Delaney, Jeffrey P. Taft, J. Paul Forrester, Rajesh De, Megan S. Webster, Matthew Bisanz.

OFAC and FinCEN Communicate Ransomware Expectations in New Guidance

USA - October 5 2020 On October 1, 2020, the US Treasury Department issued important guidance on what victims of ransomware attacks, as well as financial institutions...

Thomas J. Delaney, Rajesh De, Joshua M. Silverstein, Ori Lev, Tamer A. Soliman, Gabriel Perlman, Matthew Bisanz.