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The SEC has now finalized its much anticipated rules for public companies’ cybersecurity disclosures. The final rules, published this month, require disclosure of certain cybersecurity incidents much sooner than under many other breach notification regimes. Additionally, the final rules require new periodic disclosures about a company’s processes to assess, identify, and manage material cybersecurity risks and about the roles of management and the board of directors in managing or overseeing those cybersecurity risks. These new requirements vary from the SEC’s prior (2018) guidance, and unlike in the past, are now codified under the Securities Exchange Act of 1934 and the Securities Act of 1933.…

Continue Reading SEC Gives Finality on Cybersecurity Disclosures for Public Companies

In response to a constantly-evolving cyber threat landscape, the Biden Administration recently announced the launch of a new cybersecurity labeling program – the U.S. Cyber Trust Mark program – in an effort to enhance transparency and protection against cyber threats in the growing Internet of Things (“IoT”) device space.…

Continue Reading Cybersecurity Labeling Program to Increase Transparency of IoT Device Security

The US Department of Health and Human Services recently updated its guide to help the private and public healthcare sectors develop cybersecurity protocols that address NIST’s Framework for Improving Critical Infrastructure Cybersecurity. The guide is a toolkit, with information and resources intended to help companies implement cybersecurity programs in the health care space. While the aim of this guidance is to help companies implement NIST’s protocols for protecting US critical infrastructure, the recommendations contained in the guide mirror other agencies’ security recommendations (for example those we have written about from the Department of Labor and the FDA).…

Continue Reading HHS Releases Cybersecurity Guide

To conclude our series of cybersecurity areas to focus on in 2023 for those who do business with the Federal government, we look at the FedRAMP and StateRAMP developments from 2022. For the rest of this series, see our prior articles (Part One, Part Two, Part Three, and Part Four).…

Continue Reading Do Business With the Federal Government? Here’s a 2022 Cybersecurity Recap: Part Five- Further Adoption of FedRAMP & StateRAMP

The federal government has continued its efforts to fulfill the requirements set forth in Executive Order 14028, Improving the Nation’s Cybersecurity. For companies that do business with the Federal government, beyond looking at the other issues raised in this series of posts (see here, here and here), these efforts will be important to keep in mind in 2023. There are three efforts underway by the FAR Council to amend the Federal Acquisition Regulations (FAR) related to the Executive Order (in addition to the Secure Software efforts discussed in Part Three).…

Continue Reading Do Business With the Federal Government? Here’s a 2022 Cybersecurity Recap: Part Four – Cybersecurity Federal Acquisition Regulation (FAR) Updates

Today we continue our series (see here and here) with the Office of Management and Budget’s September 2022 memorandum requiring federal agencies to only use software from software producers that attest compliance with secure software development guidance issued by the NIST. The new requirements will apply to any third-party software that is used on government information systems or that otherwise “affects” government information. You can read our article about the guidance here.…

Continue Reading Do Business With the Federal Government? Here’s a 2022 Cybersecurity Recap: Part Three – Secure Software Development Attestation Requirements

In this second in our series, we look at the long awaited update to NIST SP 800-171, “Protecting Controlled Unclassified Information in Nonfederal Systems and Organizations,” which is expected to be released in late spring 2023. NIST SP 800-171 forms the backbone for contractor security requirements in Department of Defense regulations and the CMMC program. It remains unclear if this update will impact the rollout of the CMMC program. …

Continue Reading Do Business With the Federal Government? Here’s a 2022 Cybersecurity Recap: Part Two – NIST SP 800-171, Revision 3

As we start down the path of 2023, with the pandemic not quite behind us and economic uncertainty looming, the world can seem unsettled. Some things do appear to be a constant. Included in those are regulatory and court scrutiny on privacy and cybersecurity. As companies’ privacy and security teams make plans for their 2023 compliance efforts, it can be helpful to look back at last year’s developments.

Continue Reading 2022 Privacy Year In Review

As we get settled into the New Year it is a good time to reflect on your company’s current data security and plans for 2023. In this five-part series, we reflect on the top important cybersecurity developments for companies that do business with the federal government (whether directly or as a supplier or reseller) and what we anticipate in the new year.…

Continue Reading Do Business With the Federal Government? Here’s a 2022 Cybersecurity Recap: Part One – CMMC Developments

The Department of Defense recently provided some clarity on the timeline for implementation of its Cybersecurity Maturity Model Certification (CMMC) program. The DoD now expects to complete documentation to submit to the Office of Management and Budget for its rulemaking process by July 2022. And, it plans to issue interim final rules by March 2023. If DoD sticks to this new timeline, the CMMC requirements could begin appearing in solicitations for government contracts as early as May 2023 (60 days after the rules are published). …

Continue Reading Updated Timeline for DoD’s Cybersecurity Certification Program

The May 1 change to banks’ cyber-notification process is fast approaching. As we wrote previously the OCC, FDIC, and Federal Reserve Board implemented a final rule under which banks and their service providers must notify their primary federal regulators within 36 hours of certain incidents.  A notification incident that triggers this requirement is defined as a computer security incident that materially disrupts a banking organization’s operations or lines of business. Thus not all incidents will meet these levels. For those that do, banks will need to be prepared. Part of that is having the right points of contact, which include:…
Continue Reading On the Clock: Cyber Incidents Notification Deadline Approaching for Banks