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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, David A. Simon, Gabriel Perlman, Marcia G. Madsen, Stephen Lilley.

US Congress Passes Significant Legislation on the Security of the Internet of Things

USA - December 22 2020 The recent enactment of the “Internet of Things Cybersecurity Improvement Act of 2020” (the “Act”) promises new scrutiny of security in the Internet...

Gabriel Perlman, Marcia G. Madsen, Stephen Lilley.

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, David A. Simon, 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, Joshua M. Silverstein, Ori Lev, David A. Simon, Tamer A. Soliman, Gabriel Perlman, Matthew Bisanz.

Financial Stability Board Proposes Cyber Incident Response and Recovery Best Practices

USA - May 4 2020 On April 20, 2020, the Financial Stability Board ("FSB") released a "consultative document" on Effective Practices for Cyber Incident Response and...

Jeffrey P. Taft, David A. Simon, Diletta De Cicco, Kelly F. Truesdale, Charles-Albert Helleputte, Matthew Bisanz.