On January 26, 2022, the U.S. Securities and Exchange Commission (SEC) proposed new rules to enhance hedge fund and private fund disclosure requirements and increase regulators’ visibility into the private funds industry. The proposed rules would amend the SEC’s Form PF, the confidential reporting form by which private funds disclose regulatory assets to the SEC, […]
Cybersecurity
CISA Releases Warning of Destructive Malware Targeting Ukrainian Organizations
On January 16, 2022, the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) released a warning regarding destructive malware targeting Ukrainian organizations, including Ukrainian government agencies. The malware was found in multiple government, non-profit, and information technology organizations, all based in Ukraine. CISA’s warning comes on the heels of a separate targeted attack […]
EDPB Issues New Guidance for Assessing Personal Data Breaches under the EU GDPR
On Monday, 3 January 2022, the European Data Protection Board (“EDPB”) published the finalized version of its regulatory guidance entitled “Examples regarding Personal Data Breach Notification” (the “Guidelines”), following a public consultation on a draft set of guidelines in 2021. The finalized Guidelines are a practice-oriented, and case-based set of examples that leverage the experiences […]
FTC Releases Warning to Companies that Fail to Mitigate Log4j Vulnerability
Less than a month ago, a critical vulnerability was identified in the ubiquitous, open source Log4j tool prompting swift guidance from Cybersecurity and Infrastructure Security Agency (CISA) and other security practitioners. Now, the Federal Trade Commission (FTC) has warned companies that it “intends to use its full legal authority” against any company that fails to […]
Update: FTC Amendments to the Safeguards Rule and Request for Comment on Proposed Reporting Requirement Published to the Federal Register
As an update to prior coverage of the FTC’s final revisions to the Gramm-Leach-Bliley Safeguards Rule (Final Rule), following its publication in the Federal Register on December 9, 2021, the Final Rule now will take effect on January 8, 2022, 30 days after publication in the Federal Register. Revisions to the Final Rule include an […]