One wonders that by formalizing its regulations to protect International Whistleblowers, the DoT is simply confirming that whistleblowers outside of the U.S can report perceived violations to the DoT and receive the same protections as domestic U.S whistleblowers. One wonders…
The Canadian government is one of the first national governments to move ahead a program to safeguard the Government of Canada’s unclassified contractual information held on defence suppliers’ networks, systems, and applications. In line with the existing and proposed U.S…
From the 1st September 2023 Federally Insured Credit Unions must notify the National Credit Union Administration (NCUA), ‘as soon as possible, and no later than 72 hours, after the credit union reasonably believes it has experienced a reportable cyber incident…
What will the future bring for cybersecurity products and services is a question that is front and center. We have recently seen layoffs from several high profile cybersecurity vendors, cyber attacks continue to rise, cyber insurance costs are increasing, exclusion…
The SEC submitted an amicus curiae brief to address an important legal issue related to Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b). Supporting beneficial owners of an issuers securities bring a claim involving short-swing…
Olaf Classen here is an interesting question, now the SEC final ruling has been passed. As of the December 2023 covered registrants are to report material cyber incidents to the SEC. If a covered company is effected by the recently…
The cyber stars are aligning behind cyber regulation. As the ONCD national cyber strategy, SEC Final Ruling and EU regulators all move ahead with cybersecurity and cybersecurity risk management regulation. That predominantly focus upon the role corporates play in the…
It’s the good old adage that cybersecurity ‘is an asymmetric risk’, don’t you know. The challenge with AI today is that allot of it, (most of it), relies on Large Language Models. Using large pools of data on what has…
As predicated, and to quote a well known film staring Adam Sandler, the SEC final ruling on cyber is ‘opening up a can of whoop-ass’. Not only requiring covered entities to disclose material cyber risks and incidents (See our Bloomberg…
It has been a privilege working with U.S Attorney Rachel V. Rose, JD, MBA and Ted Dziekanowski, on the enclosed article published by Bloomberg Law. In which we evaluate the Securities and Exchange Commissions final ruling for cybersecurity (Effective 5th…
