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CYBER AND DATA PRIVACY

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Breach Notification Requirement Finalized by US Banking Regulators

On November 18, 2021, the Board of Governors of the Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation finalized new cyber incident notification requirements for institutions that they regulate and their service providers. The Notification Rule expands and clarifies existing notification obligations of financial institutions, which are primarily focused on consumer protection and suspicious activity reporting.

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Cloud+ Strategic Partnerships: The Evolution of Cloud Services

We are increasingly seeing a deal model that we call a “Cloud+ Strategic Partnership.” In that model, a cloud provider agrees to provide discounts to and collaborate with a company in the development of new software that will run on the provider’s cloud infrastructure or cloud platform. This article contains some initial considerations.

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Cloud + Strategic Partnership: The Evolution of Cloud Services

A virtual discussion on the regulatory aspects of the EO, its potential policy outcomes, and practical impacts on affected businesses. On July 9, 2021, President Joe Biden issued a far-reaching executive order (EO) on Promoting Competition in the American Economy that establishes a “whole-of-government effort” aimed at reducing corporate consolidation. The EO calls for federal agencies to undertake 72 separate initiatives across a range of industry sectors, including financial services, technology, transportation and communication services.

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Beyond Brexit: How Does the New Relationship between the UK and EU Affect Technology Transactions?

The end of the Brexit transition period and the implementation of the new UK/EU Trade Agreement have had a significant impact on technology transactions throughout Europe. Businesses entering into Europe-wide technology engagements should pay particular attention to the effects on technology licensing, data privacy and international data transfers, employment and immigration rules, and financial services regulatory requirements.

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