New privacy and cybersecurity regulations: what financial institutions need to know to stay compliant

In the first half of 2024, the financial services industry faced a number of new challenges related to data privacy and cybersecurity. Financial institutions face unprecedented compliance hurdles resulting from the proliferation of additional state privacy laws, new cyber incident reporting requirements, increased scrutiny from state, federal and industry regulators, and the rise of artificial intelligence (AI)-based technologies and regulations. .

Join Alex Koskey and Matt White, co-chairs of Baker Donelson’s Financial Services Cybersecurity and Data Protection team, for a discussion on the latest regulatory developments in data privacy and cybersecurity, and practical advice for your organization on how to navigate these new challenges, including:

Changes in state privacy laws;

Key changes in the SEC SP regulation;

New SEC Disclosure Guidelines for Cyber Incidents;

CISA Notice of Proposed Rulemaking Containing New Cyber Reporting Requirements;

New rule to notify Fair Housing Administration of cyber incidents within 12 hours;

Updates on enforcement actions;

Third party risk management requirements;

Changes to Artificial Intelligence Regulations; AND

Additional challenges and trends to observe in the second half of 2024.

Continuing Education Loan:

This program is offered for 1.0 CLE credit hours in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, and Texas. Materials will be made available for shipment to additional states.