Image showing the Colonial Pipeline Houston Station facility in Pasadena, Texas (East of Houston) … [+] taken on May 10, 2021. – US President Joe Biden said that a Russia-based group was behind the ransomware attack that forced the shutdown of the largest oil pipeline in the eastern United States. […]
Biden
Biden Cyber Reporting Act Requires Ransomware Notice from Banks
Most banks and their service providers are familiar with the final rule governing notice for “notification incidents” and “cyber security incidents.” With compliance due by May 1, 2022, the rule establishes standards and deadlines for service providers to notify banks of such incidents and for banks to notify their primary federal regulator […]
Biden Signs Into Law Critical Infrastructure Ransomware Payment And Cyber Incident Reporting – Technology
To print this article, all you need is to be registered or login on Mondaq.com. On March 15, 2022, President Biden enacted, through an omnibus spending package, the Cyber Incident Reporting for Critical Infrastructure Act of 2022 (the “Act”). The Act establishes two cyber incident reporting requirements for “covered” critical […]
FACT SHEET: The Biden Administration Cracks Down on Ghost Guns, Ensures That ATF Has the Leadership it Needs to Enforce Our Gun Laws
Today, President Biden and Deputy Attorney General Lisa Monaco will deliver remarks in the Rose Garden to announce additional steps the Administration is taking to combat gun crime. Ensuring that ATF has the leadership it needs to enforce our commonsense gun laws and fight gun crime. The Bureau of Alcohol, […]
‘Criminal and evil’: White House doubles down on condemning Russian attacks | Joe Biden
The White House has doubled down on its condemnation of Russian targeting of Ukrainian civilians as war crimes, describing recent events including a missile strike on a railway station as “cruel and criminal and evil” – but stopping short of classifying the brutal attacks as genocide. Joe Biden’s national security […]
Biden extends payment pause on federal student loans until September
President Joe Biden announced Wednesday another extension of the payment pause on federal student loans, this time until September. This is the sixth prolongment of the break, which has spanned more than 24 months and two presidencies. Borrowers have saved nearly $200 billion during that period, the Federal Reserve has […]
Biden budget would boost funding for SBA loans, fighting financial crime
As the U.S. continues to expand its sanctions regime against Russia, President Biden’s budget seeks a $210 million allocation for the Financial Crimes Enforcement Network — up $83 million from the current fiscal year.Ting Shen/Bloomberg WASHINGTON — The Biden administration has proposed more funding for government agencies tasked with combating […]
With Eye to Russia, Biden Administration Asks Companies to Report Cyberattacks
“A lot of the real details are going to have to be worked out in the rule-making process,” said Christopher D. Roberti, the senior vice president for cyber, intelligence and supply chain security policy at the U.S. Chamber of Commerce. The law requires the cybersecurity agency to work with companies […]
President Biden Signs into Law the Cyber Incident Reporting for Critical Infrastructure Act, Expanding Cyber Reporting Obligations for a Wide Range of Public and Private Entities
March 22, 2022 Click for PDF On March 15, 2022, President Joe Biden signed into law the Cyber Incident Reporting for Critical Infrastructure Act, which was included in an omnibus appropriations bill.[1] Against the backdrop of high-profile cyberattacks on critical infrastructure providers and growing concerns of retaliatory cyberattacks relating to […]
Biden Should Decide Student Loan Payment Pause And Student Loan Cancellation Today
President Joe Biden (Photo by Julia Nikhinson-Pool/Getty Images) Getty Images President Joe Biden should decide whether to extend the student loan payment pause and enact wide-scale student loan cancellation today. Here’s what you need to know — and what it means for your student loans. Student Loans Student loan borrowers […]