On January 14, 2025, the United Kingdom government published a consultation on ransomware proposing new measures to increase incident reporting and reduce ransom payments (the “Consultation”). The Consultation outlines three objectives in this regard and is open for responses until April 8, 2025. Proposal 1: Targeted Ban on Ransomware Payments The UK government is proposing […]
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Department of Homeland Security Releases Recommended Framework for AI in Critical Infrastructure
On November 14, 2024, the Department of Homeland Security (“DHS”) announced a set of voluntary recommendations called the “Roles and Responsibilities Framework for Artificial Intelligence in Critical Infrastructure” (“Framework”). Recognizing the severe consequences associated with disruption to the nation’s critical infrastructure, DHS released the framework to address certain risks associated with the use of AI […]
SEC 2025 Examination Priorities Indicate Sustained Focus on Cybersecurity & Data Protection
The SEC has released its Examination Priorities: Fiscal Year 2025 (“Examination Priorities”), which may be a useful roadmap to SEC-registered investment advisers, exchanges, and other entities subject to routine examination by the SEC Division of Examinations (“EXAMS”). The Examination Priorities represent the EXAMS Staff’s identification of areas of heightened risks to investors and/or the integrity […]
Forthcoming UK Cyber Security and Resilience Bill to Boost the UK’s Cyber Defenses
In the July 2024 King’s Speech, the UK government announced its intention to introduce a Cyber Security and Resilience Bill (the “Bill”) to improve the UK’s cyber defenses and protect essential public services. The announcement comes as companies and countries increasingly face attacks by cyber criminals and state actors, sometimes disrupting public services and infrastructure. […]
Singapore Cybersecurity Agency Publishes Guidelines on Securing AI Systems
On October 15, 2024, the Cyber Security Agency of Singapore (“CSA”) published Guidelines on Securing AI Systems (the “Guidelines”) alongside a Companion Guide for Securing AI Systems (the “Companion Guide”), which is intended to serve as support for the Guidelines. In its announcement, the CSA states that while artificial intelligence (“AI”) offers significant benefits for […]