In a recent announcement today, Verizon and Yahoo have announced that they are amending the existing terms of their agreement for the purchase of Yahoo’s operating business.  Under the amended terms, Verizon and Yahoo have agreed to reduce the price Verizon will pay by $350 million.  In addition, Yahoo will be responsible for 50% of

On December 28, 2016, the New York State Department of Financial Services (NYDFS) updated its proposed cybersecurity regulation to protect New York State.  The proposed regulation is effective March 1, 2017, and requires banks, insurance companies and other financial services institutions regulated by DFS to establish and maintain a cybersecurity program designed to protect

On December 28, 2016, the FDA’s Center for Devices and Radiological Health (CDRH) released the final version of its guidance addressing “Postmarket Management of Cybersecurity in Medical Devices: Guidance of Industry and Food and Drug Administration Staff”.  This guidance applies to any marketed and distributed medical device, including: (1) medical devices that contain software (including

Connected cars and autonomous cars conceptAfter its recent release of guidelines regarding self-driving cars, the National Highway Traffic Safety Administration released a set of “best practices” for cybersecurity in vehicles.  The 22-page document encourages auto manufacturers to proactively incorporation security in their efforts a matter of course (e.g., privacy by design).  The guidelines recommend a “layered approach” of protections

AftDeveloping new programer surveying nearly 200 regulated financial institutions to obtain insight into the industry’s efforts to prevent cybercrime and meeting with a cross-section of those surveyed, as well as cybersecurity experts, to discuss emerging trends and risks, as well as due diligence processes, policies and procedures governing relationships with third party vendors, the New York State Department of Financial Services (NYDFS) recently released its proposed cyber security regulation.  The proposed regulation, titled “Cybersecurity Requirements for Financial Services Companies”, if implemented, would be a first-in-the-nation provision that requires a mandatory cybersecurity program for financial institutions.


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