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EU-US Privacy Shield: European Union and U.S. Reach Agreement in Principle for New Data Transfer Framework – But Uncertainty Remains

On February 2, 2016, the European Commission (EC) and the U.S. Department of Commerce (Commerce) announced that they had reached agreement on a new data transfer safe harbor arrangement for the transfer of personal data from Europe to the U.S. The new safe harbor pact, called the EU-US Privacy Shield, was negotiated in the wake of the EU Court of Justice’s (CJEU) decision in October...

President Establishes Federal Cybersecurity Commission

The President has established a Commission on Enhancing National Cybersecurity within the Department of Commerce. Under a Feb. 9, 2016 executive order, the new advisory commission will consist of 12 members appointed by the President. The goal of the Commission will be to make detailed recommendations for actions that can be taken over the next decade to “strengthen cybersecurity in...

President Issues Executive Order Establishing New Sanctions Regime to Combat Cyber Attack Threats

On April 1, 2015, President Obama issued Executive Order 13694, which effectively establishes a new sanctions regime designed to combat cyber-attack threats. Specifically, this Executive Order grants authority to the Secretary of the Treasury, in consultation with the Attorney General and the Secretary of State, to impose sanctions on individuals and entities that are found to be...

U.S. House Intelligence Committee Approves Protecting Cyber Networks Act

On Thursday, March 26, the U.S. House Intelligence Committee unanimously approved the text of the Protecting Cyber Networks Act (H.R. 1560), two days after it had been introduced. The bill is similar, but not identical, to the Senate’s Cybersecurity Information Sharing Act of 2015 (“CISA”), which was passed by the Senate Intelligence Committee on March 18. It is...

CFTC Holds Cybersecurity Roundtable March 18

As noted in our previous entry, staff from the Commodity Futures Trading Commission (CFTC) held a Public Roundtable on Cybersecurity and System Safeguards Testing on March 18, 2015. The Roundtable, which included participants from the private sector and government agencies, could be a kick-off event for a larger CFTC initiative to address issues related to cybersecurity. The Roundtable...

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