Biden Cyber Reporting Act Requires Ransomware Notice from Banks

Irina Baranova

Most banks and their service providers are familiar with the final rule governing notice for “notification incidents” and “cyber security incidents.” With compliance due by May 1, 2022, the rule establishes standards and deadlines for service providers to notify banks of such incidents and for banks to notify their primary federal regulator […]

House sends bipartisan cyber crime bill to Biden

Irina Baranova

The House passed bipartisan cybersecurity legislation on Tuesday that would improve the way the federal government tracks, measures and analyzes cyber crime. The Better Cybercrime Metrics Act, which the House approved in a bipartisan 377-48 vote, will help U.S. law enforcement agencies better identify cyber threats, prevent attacks and prosecute […]

Biden Warns U.S. Companies of Potential Cyber Attack from Russia

Irina Baranova

Related Practices & Jurisdictions Wednesday, March 23, 2022 On March 21, 2022, President Biden warned U.S. companies, particularly those operating in critical infrastructure sectors, that “[b]ased upon evolving intelligence, Russia may be planning a cyberattack against us.”  See details here.  The evolving intelligence appears to be based upon, among other things, a March 18th advisory […]