The US Treasury Department has issued a request for public comment on a federal cyberinsurance program that would aim to cover the costs associated with severe cyberattacks. The Federal Insurance Office (FIO) and the US Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) are currently conducting a joint assessment for Congress. Because cyberattacks are occurring at such frequent rates, rates for cyberinsurance coverage have soared, making it difficult for businesses to afford coverage if it is even available. The proposed federal program would focus on critical infrastructure and be used as a backstop.
Tech & Sourcing @ Morgan Lewis
TECHNOLOGY TRANSACTIONS, OUTSOURCING, AND COMMERCIAL CONTRACTS NEWS FOR LAWYERS AND SOURCING PROFESSIONALS
In a recent LawFlash, a team of Morgan Lewis lawyers reviewed the US Securities and Exchange Commission’s proposal for a new rule and rule amendments that, if adopted as proposed, would require registered investment advisers to meet certain requirements when outsourcing “Covered Services.” The rule includes heightened requirements for due diligence, monitoring, and reporting, including amendments to Form ADV.
The White House Office of Science and Technology recently published The Blueprint for an AI Bill of Rights: Making Automated Systems Work for the American People (the Blueprint), a set of five principles to help guide designers, developers, and deployers of AI in the design, use, and deployment of automated systems with the goal of protecting the public’s rights.
In any service relationship, continuity of service provider personnel often impacts service quality. Excessive personnel turnover on an account can negatively impact day-to-day operations and the ability to respond to issues. Assignment and management of personnel are primarily business issues that are the responsibility of the service provider. However, there are important provisions that can be included in service agreements that can help address these issues.
In a webinar that has value for all technology clients, Morgan Lewis partners Kenneth Davis and Ezra Church will review intellectual property (IP) protection and cyber threats for growing businesses.
Please join us for our Artificial Intelligence Boot Camp series, beginning November 1, 2022, as we explore the impact of artificial intelligence (AI) across industries. Our presenters will cover a wide range of topics, including contracting for AI in digital transformation, key issues in AI patents and copyrights, digital health, ethics, and more.
US President Joseph Biden issued an Executive Order On Enhancing Safeguards for United States Signals Intelligence Activities on October 7, which establishes safeguards relating to the handling of personal information in the course of signals intelligence activities. In this edition of our Spotlight Series, we welcome Morgan Lewis special legal consultant Dr. Axel Spies, based in Washington, DC, to discuss the scope of this Executive Order and its implications.
Please join us on Thursday, October 27, 2022, at 3:00 pm ET as Morgan Lewis partner Jacob Harper and associates Tesch Leigh West and Sydney Swanson discuss the importance of managing and protecting healthcare data while controlling costs and coordinating care. Topics will include the different types of data sharing agreements and implications of HIPAA and the Anti-Kickback Statute.
In this post, we discuss the various aspects of domain name registration in the United Arab Emirates (UAE).
Effective management of intellectual property is crucial in the contracting stages of technology projects. Various types of intellectual property can be subject to protection in an agreement and may receive different types of treatment. For example, copyright protection, patent protection, and know-how (trade secrets) are all subject to different rules when it comes to contracting.