On March 27, 2024, the National Telecommunications and Information Administration (“NTIA”) issued its AI Accountability Report, and, on March 28, 2024, the White House announced the Office of Budget and Management’s (“OMB’s”) government-wide policy on AI risk management.
Continue Reading White House Executive Order on AI Rulemaking Efforts Advances as NTIA and White House OMB Issue Reports and Guidance
Biden Administration
OFAC Settlement Illustrates Sanctions Compliance Risks for Foreign Asset Managers Trading U.S. Securities
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Posted in Information Security
On March 14, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control announced a settlement with EFG International AG regarding violations of OFAC rules alleged to have occurred as a result of the firm’s buying, selling and holding U.S. securities on behalf of persons sanctioned by OFAC. This blog entry provides a link to a client alert on this topic. …
Continue Reading OFAC Settlement Illustrates Sanctions Compliance Risks for Foreign Asset Managers Trading U.S. Securities
House Passes the Protecting Americans’ Data from Foreign Adversaries Act
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On March 20, 2024, the U.S. House of Representatives passed legislation that will prohibit data brokers from transferring U.S. residents’ sensitive personal data to foreign adversaries, including China and Russia. The Protecting Americans’ Data from Foreign Adversaries Act of 2024 marks a significant development in executive and legislative action related to foreign access to U.S. data.
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FCC Launches Cybersecurity IoT Labeling Program
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On March 14, 2024, Bloomberg Law reported that the Federal Communications Commission adopted rules creating a voluntary cybersecurity labeling program for wireless consumer Internet of Things (“IoT”) products, as well as a further notice of proposed rulemaking that seeks comments addressing additional disclosure requirements for program participants with respect to national security.Continue Reading FCC Launches Cybersecurity IoT Labeling Program
DOJ Regulations and White House Executive Order Will Target Protections for Americans’ Sensitive Personal Data Against Foreign Threat Actors
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President Biden recently released an Executive Order “addressing the extraordinary and unusual national security threat posed by the continued effort of certain countries of concern to access Americans’ bulk sensitive personal data and certain U.S. Government-related data.”…
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NIST Releases Cybersecurity Framework 2.0
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On February 26, 2024, the National Institute of Standards and Technology (“NIST”) announced the release of Version 2.0 of its voluntary Cybersecurity Framework (“CSF”).
The first iteration of the CSF was released in 2014 as a result of an Executive Order, to help organizations understand, manage, and reduce their cybersecurity risks. The original CSF was developed for organizations in the critical infrastructure sector, such as hospitals and power plants, but has since been voluntarily implemented across various sectors and industries, including throughout schools and local governments.Continue Reading NIST Releases Cybersecurity Framework 2.0
FTC Proposes Measures to Combat AI Impersonation Threats
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Posted in Information Security, U.S. Federal Law
The Federal Trade Commission recently announced a public comment period for a supplemental Notice of Proposed Rulemaking that would ban the impersonation of individuals through the use of AI technologies.
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Senators Markey and Cassidy Announce Additional “COPPA 2.0” Sponsors and Update Bill Text
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Posted in Children’s Privacy, U.S. Federal Law
On February 15, 2024, Senators Edward J. Markey (D-Mass.) and Bill Cassidy (R-La.) announced the addition of co-sponsors Senators Ted Cruz (R-Texas) , and Maria Cantwell (D-Wash.) to an updated version of the proposed Children and Teens’ Online Privacy Protection Act bill.
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Biden’s AI Order and the Implications for Employers
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Posted in Workplace Privacy
As reported on Hunton’s Employment & Labor Perspectives blog, last month, President Biden issued a wide-ranging Executive Order to address the development of artificial intelligence in the United States.
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Biden AI Order Enables Agencies to Address Key Risks
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On October 30, 2023, U.S. President Biden issued an Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence. It marks the Biden Administration’s most comprehensive action on artificial intelligence policy, building upon the Administration’s Blueprint for an AI Bill of Rights (issued in October 2022) and its announcement (in July 2023) of securing voluntary commitments from 15 leading AI companies to manage AI risks.
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