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The EU’s Cyber Resilience Act Has Now Been Agreed

Inside Privacy

In terms of timing, the CRA will come into force over a phased transition period starting in late 2025. Conducting due diligence on imported PDEs. Covington’s Privacy and Cybersecurity Practice regularly advises on cybersecurity laws in Europe and elsewhere.

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Helpful Guidance on Managing AI-Related Cybersecurity Risks from Hong Kong’s SFC

Debevoise Data Blog

There is also some overlap with the requirements in the EU AI Act and the Colorado AI Law , although the Circular is narrower (applying only to language models) and more prescriptive. Some companies may want to address this now as 2025 budgets are being finalized. To subscribe to the Data Blog, please click here.

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EU cyber regulation wave quietly rolls on – Commission set to finalize new cyber standards

Inside Privacy

Although voluntary, the draft standards will also have consequences for European cybersecurity laws more broadly, including: NIS 2, Europe’s cybersecurity directive for essential infrastructure, which provides that member states may require entities to use products that are certified under the ECCS. of global turnover.

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Part 2 – Helpful Guidance on Managing (Non-Cybersecurity) AI Risks from Hong Kong’s SFC

Debevoise Data Blog

For some firms, compliance with the Circular will require a significant increase in their compliance budgets and the securing of additional resources for 2025 and beyond. The authors would like to thank Debevoise Law Clerks Adam Shankman and Diane Bernabei for their contribution to this blog post.

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Managing Cybersecurity Risks Arising from AI – New Guidance from the NYDFS

Debevoise Data Blog

The Guidance applies to entities that are covered by Part 500 ( i.e., entities with a license under the New York Banking Law, Insurance Law or Financial Services Law), but it provides valuable direction to all companies for managing the new cybersecurity risks associated with AI.

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UK Financial Regulators Publish Response to AI Consultation – Seven Takeaways

Debevoise Data Blog

The UK’s Approach to AI Regulation As set out in the government’s white paper on AI , the UK, unlike the EU, does not intend to implement AI-specific laws or regulations. One possibility is for the UK Financial Regulators to introduce standardized AI due diligence requirements that firms must satisfy before they can adopt third-party tools.

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The EU Digital Operational Resilience Act (DORA): What you need to know and how to prepare

Debevoise Data Blog

Covered entities must come into compliance with the provisions within 24 months after its entry into force, which depending on the date of publication will likely be December 2024 or January 2025. What are the key requirements for financial entities? DORA requires covered financial entities to comply with new rules in four key areas: 1.