Cybersecurity

On October 21, 2025, the New York State Department of Financial Services (“NYDFS”) issued an industry letter (the “Guidance”) highlighting the cybersecurity risks related to Covered Entities’ use of Third-Party Service Providers (“TPSPs”) and providing strategies to address these risks. The Guidance is addressed to all Covered Entities subject to NYDFS’s cybersecurity regulation codified at 23 NYCRR Part 500 (“Cybersecurity Regulation”), which requires Covered Entities to implement a comprehensive cybersecurity program that includes written policies addressing TPSP risks as well as due diligence, contractual requirements, and periodic assessments for TPSPs. While the Guidance is explicit that it “does not impose any new requirements” beyond those already included in the Cybersecurity Regulation, it provides significant additional detail to clarify how to comply with existing requirements and offers industry best practices to mitigate TPSP-related cyber risks. As the Guidance suggests that NYDFS will continue to focus on TPSP-related cyber risks, Covered Entities should consider reviewing their TPSP oversight and management against the specific recommendations from the Guidance and adjusting their practices where appropriate. Alongside a review of TPSP oversight and management, Covered Entities may also consider reviewing their implementation of the provisions of the Cybersecurity Regulation requiring multifactor authentication, asset management, and data retention, which take effect on November 1, 2025.Continue Reading NYDFS Publishes Industry Guidance on Managing Cyber Risks Related to Third-Party Service Providers

Over the past few months, Chinese regulators have taken steps to update the country’s cybersecurity framework, with a particular focus on artificial intelligence (AI) safety and clarifying incident reporting obligations for onshore infrastructure. These developments reflect a broader trend toward more proactive AI and cyber governance and could signal priorities for the year ahead.Continue Reading China Amends Cybersecurity Law and Incident Reporting Regime to Address AI and Infrastructure Risks

The Cybersecurity Information Sharing Act of 2015 (“CISA 2015”), which provided protections for sharing cybersecurity threat information with the federal government and others, officially sunset on September 30, 2025 pursuant to the law’s original sunset date after efforts to re-authorize it did not succeed.  The law created a cybersecurity information…

Continue Reading Cybersecurity Information Sharing Act of 2015 Allowed to Sunset

On September 16, 2025, the European Commission launched a call for evidence to collect feedback and best practices on simplifying several key areas of the EU digital rulebook, ahead of its planned Digital Omnibus package. This initiative targets legislation related to data, cybersecurity, and artificial intelligence, aiming to reduce administrative burdens and compliance costs for businesses while preserving high standards of fairness, security, and privacy online.Continue Reading Commission Collects Feedback to Simplify Rules on Data, Cybersecurity and Artificial Intelligence in Upcoming Digital Omnibus

In a recently announced settlement agreement with the U.S. Department of Justice (“DOJ”), Illumina, Inc. (“Illumina”) agreed to pay $9.8 million to resolve claims arising from alleged cybersecurity vulnerabilities in genomic sequencing systems that the company sold to federal agencies.  The case is the latest in a series of False Claims Act (“FCA”) settlements under the current administration that evidence DOJ’s continued focus on cybersecurity obligations for government contractors, particularly those that maintain sensitive data and personal information on behalf of federal customers.Continue Reading Latest Cybersecurity False Claims Act Settlement with Diagnostics Provider Focuses on Sensitive Health Systems

Oklahoma recently enacted Senate Bill 626, which substantially amends the state’s data breach notification law to broaden the scope of notification obligations and add a new regulator notification requirement along with a new “safe harbor”-style provision that provides liability protections if certain security measures are implemented.  The changes to Oklahoma’s law follow changes to other state data breach notification laws within the past year, including New York’s addition of a 30-day deadline for notice to individuals (added in early 2025) and Pennsylvania’s addition of a regulator notification requirement and obligations to provide free credit monitoring (added in mid-2024).  Key updates from Oklahoma’s bill, which will go into effect on January 1, 2026, are discussed in further detail below.Continue Reading Oklahoma Substantially Amends Its Data Breach Notification Statute

On July 23, the White House released its AI Action Plan, outlining the key priorities of the Trump Administration’s AI policy agenda.  In parallel, President Trump signed three AI executive orders directing the Executive Branch to implement the AI Action Plan’s policies on “Preventing Woke AI in…

Continue Reading Trump Administration Issues AI Action Plan and Series of AI Executive Orders

The U.S. Federal Energy Regulatory Commission (“FERC”) recently issued Order No. 907 (the “Order”), approving a new Critical Infrastructure Protection (“CIP”) Reliability Standard, CIP-015-1.  The new standard will require covered entities that maintain certain bulk electric systems (“BES”) to implement Internal Network Security Monitoring (“INSM”) for network traffic within their “electronic security perimeter,” i.e., the logical border surrounding the network of interconnected devices that comprise a BES Cyber System.  However, as discussed below, these requirements will not go into effect for approximately three years, and many covered entities will have an additional two years before they are required to comply.Continue Reading FERC Finalizes New Internal Network Security Monitoring Requirements for Bulk Electric Systems

On June 30, 2025, the Cybersecurity and Infrastructure Agency (CISA), the Federal Bureau of Investigation (FBI), the Department of Defense Cyber Crime Center (DC3), and the National Security Agency (NSA) warned U.S. critical infrastructure organizations and other companies that the threat of cyber attacks from Iran-affiliated cyber actors is heightened…

Continue Reading U.S. Government Issues Cybersecurity Warning to Critical Infrastructure Operators and Others

On June 23, 2025, the New York State Department of Financial Services (“NY DFS”) issued guidance to NY DFS-regulated individuals and entities regarding the impact of “ongoing global conflicts” to the financial sector. The guidance follows a bulletin from the U.S. Department of Homeland Security about the “heightened threat environment” in the United States, which specifically references cyber attacks. The NY DFS guidance highlights three key areas of focus: cybersecurity, sanctions, and virtual currency, and may be helpful for organizations across industries globally:Continue Reading New York State Department of Financial Services Issues Guidance on Cybersecurity, Sanctions, and Virtual Currency Following Escalation of Iran Conflict