Tag Archives: requires

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 “as soon as possible and… Read More »

IMF says any loan to Sri Lanka requires debt sustainability

The International Monetary Fund logo is seen inside its headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 19 (Reuters) – The International Monetary Fund said discussions with Sri Lanka on a potential… Read More »

Biden Signs Cyber Incident and Reporting Act, Requires Reporting

On March 15, 2022, President Biden signed into law the 2022 Consolidated Appropriations Act containing the Cyber Incident Reporting for Critical Infrastructure Act of 2022 (the “Cyber Incident Reporting Act”). While President Biden’s remarks highlighted the $13.6 billion in funding “to address Russia’s invasion of Ukraine and the impact on surrounding countries,” the 2022 Consolidated Appropriations Act contained numerous… Read More »

Confiscating a Russian oligarch’s luxury condo requires much more than political bluster

“Tonight I say to the Russian oligarchs and corrupt leaders who have bilked billions of dollars off this violent regime: no more,” President Joe Biden said in his State of the Union Speech earlier this month. “We are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets.… Read More »