In brief New York banks, lenders, companies, and service providers should note that on November 1, 2024, the amendments to the New York Department of Financial Services’ (“NYDFS'”) cybersecurity regulations took effect. The amendments widened the scope of “covered entities” to include any licensed financial institution company operating in New York regardless of whether it is already regulated by other government agencies. Additionally, the amendments require the regulated entities to significantly increase their proactive and…
The Australian government on 13 August 2018 published the Telecommunications and Other Legislation Amendment (Assistance and Access) Bill. This Bill will bring important changes to the regulation of electronic communication services in Australia. This proposed new law enables national security agencies and law enforcement bodies to deliver either a request (“technical assistance request”) or a requirement (“technical assistance notice” or “technical capability notice”) that will require a “designated communications provider” (a widely defined term that will…
As of 17 July 2016, new surveillance and encryption rules embedded in Hungary’s E-Commerce Act will start to apply. The legislative amendments introduce intrusive surveillance rights for Hungarian authorities in relation to online communications.With an unusually broad extraterritorial scope, the new rules will apply to companies that make available to Hungarian private and business users any online or other electronic communication channels, regardless of whether such company is domiciled in Hungary. Companies providing web or…