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The facts are an oft-told business email compromise horror story: a hacker interjects themselves into an email discussion of a business deal, changes the wire instructions to their own account, and disappears with the misdirected funds.
On February 28, 2024, President Joe Biden issued a landmark Executive Order titled “Preventing Access to Americans’ Bulk Sensitive Personal Data and United States Government-Related Data by Countries of Concern” (the “Order”).
Public companies are now required to comply with new cybersecurity disclosure requirements in their Annual Reports on Form 10-K for fiscal years ending on or after December 15, 2023.
On February 26, 2024, the United States Supreme Court is set to hear oral argument in two cases currently before the Court, Moody v. NetChoice1 and NetChoice v. Paxton.2 At their core, these cases raise the question as to whether the First Amendment prohibits state laws restricting “social media platforms” from engaging in content moderation and making editorial choices about whether and how to publish speech on their platforms. In addition to resolving a split between the Fifth and Eleventh Circuits on the issue, the Supreme Court’s decision could impact content moderation and regulation beyond social media sites, including on generative artificial intelligence (“AI”) platforms.
On December 8, 2023, representatives of the European Council and the European Parliament reached a provisional agreement on the EU’s Artificial Intelligence Act (“AI Act”).
On November 27, 2023, the New York State Department of Financial Services (“DFS”) and First American Title Insurance Company (“First American”) entered into a consent order1 that resolved litigation over First American’s cybersecurity practices.