Government Regulation, Legislation and Enforcement Updates

by Jim Bulling and Julia Baldi

Australian Federal Government Cybersecurity Review
The Australian Federal Government holds a Cybersecurity Review.

See the Australian Government’s summary of the review here.

SEC Guidance Update
The SEC’s Investment Management Team published a Guidance Update which outlines measures managed funds and investment advisers may wish to consider in addressing cybersecurity risk. The guidance includes practical tips applicable to Australian entities.

See the Guidance Update here.

U.S. House of Representatives Passes Cybersecurity Bill
The U.S. House of Representatives passed a cybersecurity bill which encourages companies to share information about security breaches with the Federal Department of Homeland Security. If passed by the Senate, the bill may require foreign entities operating in the United States, or with U.S. customers to disclose information to the U.S. Government.

See the New York Times article on the bill here and text of the bill here.