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Cadwalader, Wickersham & Taft LLP
The Federal Reserve Bank of New York launched a New York Innovation Center "to validate, design, build, and launch new financial technology products and services for the central bank community."
Foley & Lardner
Darkreading.com reported that "Software-as-a-Service (SaaS) Infrastructure…may represent 70% to 80% or more of a company's IT these days. Between Microsoft 365, Google Workspace, Salesforce, AWS/Azure, ...
Kramer Levin Naftalis & Frankel LLP
On Nov. 18, 2021, federal bank regulatory agencies approved a final rule requiring banking organizations to notify regulators of "any significant computer-security incident" as soon as possible and...
Katten Muchin Rosenman LLP
On November 23, 2021, the Division of Market Oversight of the Commodity Futures Trading Commission granted "no action" relief to the Korea Exchange authorizing it to offer and sell futures contracts...
Sheppard Mullin Richter & Hampton
On November 23, the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency ("banking agencies")...
Lewis Brisbois Bisgaard & Smith LLP
On November, 18, 2021, the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (Board), and the Office of the Comptroller of the Currency...
Akin Gump Strauss Hauer & Feld LLP
On November 17, 2021, the U.S. Department of Defense (DOD) published an Advanced Notice of Proposed Rulemaking (ANPRM) previewing significant changes to its Cybersecurity Maturity Model Certification (CMMC) program.
Sheppard Mullin Richter & Hampton
The Food and Drug Administration recently sought comments on the role of transparency for artificial intelligence and machine learning-enabled medical devices.
Arnold & Porter
The Financial Crimes Enforcement Network (FinCEN) recently issued an updated version of its Advisory on Ransomware and the Use of the Financial System to Facilitate Ransom Payments (the Advisory).
Mayer Brown
Virtual currency and digital asset transactions are taxable in the same manner as other transactions in property.
Sidley Austin LLP
On November 18, 2021, a group of federal bank regulators announced a final rule requiring banks to notify their primary federal regulator of any "significant computer-security incidents."
Akin Gump Strauss Hauer & Feld LLP
On October 28, 2021, the U.S. Equal Employment Opportunity Commission (EEOC) unveiled an initiative focused on fairness in the use of artificial intelligence (AI) and algorithmic tools...
Sidley Austin LLP
On November 18, 2021, a group of federal bank regulators announced a final rule requiring banks to notify their primary federal regulator of any "significant computer-security incidents."
Ropes & Gray LLP
Deputy Attorney General Lisa O. Monaco recently announced a Civil Cyber-Fraud Initiative by the Department of Justice (DOJ) targeting companies that fail to meet government cybersecurity standards.
Cadwalader, Wickersham & Taft LLP
SIFMA conducted an industry-wide cybersecurity exercise in which participants responded to and recovered from simulated ransomware attacks targeting the financial sector.
Foley Hoag LLP
The amendments contain four main modifications to the existing Rule that outline additional protections financial institutions must implement when handling sensitive consumer data.
Sidley Austin LLP
Privacy and cybersecurity concerns are expanding, and with them the proliferation of laws and regulations. Boards play a key role in ensuring that companies are positioned to comply...
Foley & Lardner
The new Level 1 will correspond to prior Level 1, while the new Level 2 will correspond to prior Level 3, and the new Level 3 will correspond to prior Level 5.
Mayer Brown
We are increasingly seeing a deal model that we call a "Cloud+ Strategic Partnership." In that model, a cloud provider agrees to provide discounts to and collaborate with a company in the development of new software...
Cooley LLP
"The FTC issued a Final Rule on October 27, 2021, amending the Standards for Safeguarding Customer Information, known as 'the Safeguards Rule,' under the Gramm-Leach-Bliley Act (GLBA).
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