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Dechert Cyber Bits – Issue 45 | Dechert LLP

President Biden has signed an executive order to establish AI safety, privacy, and security standards, while the FTC has approved a requirement for non-banking financial institutions to report data breaches. The SEC filed a complaint against Solar Winds and its CISO for alleged fraud relating to cybersecurity risks. Counter Ransomware Initiative members have agreed that governments should not pay ransoms to cybercriminals. NY DFS issued amended cybersecurity regulations with more stringent rules to protect consumers and businesses.

Source: www.jdsupra.com –

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