Debevoise Data Blog

APRIL 20, 2023

This signals the likely increased regulatory expectation that Boards more closely oversee digital operational resilience-related risks than may currently be the case, including by ensuring, at a minimum, compliance with DORA’s varied and detailed technical and policy obligations. What is the “Management Body” ?

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MatterSuite

SEPTEMBER 4, 2023

Gartner experts expect legal departments to increase their spending on legal technology threefold by 2025. Organizations’ legal departments continually grapple with managing intricate matters, regulatory compliance, contracts, and numerous legal responsibilities. However, investing in data integration solutions is crucial.

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Attorney at Work

JANUARY 20, 2022

the percentage of in-house legal budgets spent on technology is expected to increase threefold by 2025 from 2020 levels as legal departments “increase spending on technology to reduce the dependency on outside counsel, address COVID-19, and satisfy a long-overdue need to modernize, digitize and automate legal work.”.

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Technology Law Dispatch

NOVEMBER 22, 2023

Category 1 service providers must keep records of compliance with their obligations, publish them, enable functionality within the services to empower users to control the content they are exposed to, and, if children are likely to access their services, comply with specific child safety duties.

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Inside Privacy

DECEMBER 5, 2023

As with most recent European technology regulation, the Cyber Resilience Act will come with the threat of high penalties for non-compliance – up to €15 million or 2.5% of global turnover. What’s happening next?

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Lawmatics

FEBRUARY 13, 2024

Cybersecurity and privacy compliance: With the increasing reliance on digital tools, lawyers will need to focus more on cybersecurity and privacy issues. Ensure the future of your law firm with Lawmatics According to Gartner research , legal departments will likely triple their investments in legal technology by 2025.

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Debevoise Data Blog

OCTOBER 31, 2023

This could impact financial firms who are considering using the EU AI Act as their ‘high watermark’ for AI regulatory and governance compliance, who will have to accommodate any UK-specific requirements in their compliance programmes. The UK Financial Authorities could look to such existing resources when developing future guidance.

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Inside Privacy

FEBRUARY 1, 2024

Transfers of Non-Personal Data Outside of the EU The Data Governance Act (which applies as of September 24, 2023), the Data Act (which will apply as of September 12, 2025), and the forthcoming European Health Data Space (which is still in draft form) contain restrictions on the transfer of non-personal data outside the EU.

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Ikigai Law

MAY 29, 2023

The National Council of Applied Economic Research and Confederation of Indian Industry in their report titled ‘Building India’s Export Competitiveness in Electronics–2025-26’ called for easing regulations for investments from China. [iv] Which party would bear the cost of compliance?

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Debevoise Data Blog

NOVEMBER 21, 2022

Our key takeaways are: For financial services firms – determine if you are covered as a “financial entity” and, if so, begin charting a path to compliance: it is likely to be a resource-intensive undertaking and one which demands ongoing engagement from across the business, including management. What are the penalties for non-compliance?

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Debevoise Data Blog

MAY 23, 2022

Here, we highlight key aspects of the CTPA with a focus on the provisions that companies should consider in their compliance preparations. The CTPA bolsters opt-out rights by requiring controllers to recognize a global opt-out preference by January 1, 2025. CTPA § 6(e)(1)(A)(ii). The global opt-out preference signal is not new.

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Debevoise Data Blog

MAY 2, 2023

While the latest draft EU AI Act is not yet publicly available, early reports indicate it will feature new rules concerning compliance obligations specific to generative AI and foundation models, including several unique components such as required disclosures of copyrighted works included in the models’ training data.

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Compliance Time-tracking Data protection Law 52

Simple Legal

FEBRUARY 15, 2023

By 2025, a whopping 100% of all contract life cycle management (CLM) tools will rely on AI to help with scanning content in contracts. The answer is clear: investing in a tool with proper security features and up-to-date compliance regulations not only prevents catastrophe but can also save you money in the long run.

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Lawmatics

DECEMBER 27, 2023

7 Regulatory compliance Legal tech addresses the growing complexity of regulatory compliance by offering solutions that help businesses stay updated and compliant with evolving requirements. 8 Legal analytics Data analytics in the legal field provides insights into case outcomes, litigation trends, and legal strategy optimization.

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Debevoise Data Blog

APRIL 29, 2022

The UCPA is set to be reviewed by the attorney general who must submit a report to the legislature by July 1, 2025. The UCPA, effective on December 31, 2023, is largely consistent with other comprehensive state privacy laws, but includes several key differences.

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Debevoise Data Blog

NOVEMBER 14, 2023

The Second Amendment’s compliance requirements will take effect in phases. For legal and compliance teams, the new requirements on certification, risk assessments, and governance will call for cross-functional participation throughout the coming year as companies assess their compliance with NYDFS’s Cybersecurity Regulation.

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Lawmatics

DECEMBER 5, 2023

In response, legal technology budgets are poised to triple by 2025, according to Gartner. These platforms prioritize data security and compliance with legal and ethical standards to protect sensitive client information. What is a Legal Tech Platform? Are you ready to grow your firm with Lawmatics? Sign up for a product demo today.

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Debevoise Data Blog

FEBRUARY 27, 2024

EU Data Act: Legislation has entered into force which will impose a range of new obligations on businesses from September 2025. These new obligations and protections will take effect from September 2025. However, it remains to be seen how this new office will interact with companies in the context of cyber incidents.

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Debevoise Data Blog

JANUARY 25, 2024

They are also reminded of their obligation to maintain appropriate technical and organisational measures in relation to their data processing, and may wish to review their compliance with these measures. The costs of monitoring in compliance with DORA must be borne by the critical third-party IT providers, not the authorities.

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Debevoise Data Blog

FEBRUARY 22, 2024

Notably, the next UK General Election will take place before the end of January 2025 and, depending on the outcome, a new government could adopt an entirely different AI strategy. For the time being though, five key takeaways are: Individual UK regulators will oversee AI within their respective domains.

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Data protection Law Law Compliance 52

Berkley Technology Law Journal

JANUARY 2, 2024

By properly scoping these reporting requirements, CISA can encourage industry compliance with reporting requirements and focus its efforts on responding to high severity cyber incidents. CISA Rulemaking Process CISA is expected to publish a Notice of Proposed Rulemaking (NPRM) soon and must issue a final rule by September 15, 2025.

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Ikigai Law

JUNE 1, 2023

Main Course Finding a way around the circuitous KYC maze The challenge of KYC compliance haunts every financial institution. But even if KYC norms are simplified and ambiguities are clarified – compliance with the letter of the law is not enough.REs’ internal KYC practices must be tailored to the unique levels of risk exposure that they face.

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e-records Compliance Due diligence Law 52

Ikigai Law

JANUARY 25, 2023

SEBI is also expected to soon issue a framework for ESG rating providers – third party agencies that help determine ESG compliance of listed companies. She also said that SEBI will accommodate Indian companies’ need to comply with international standards on ESG, which is important to attract global funds.

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Debevoise Data Blog

DECEMBER 17, 2023

If this timeline is met, the first provisions of the Act to come into force (the prohibition on “unacceptable risk” AI systems) will take effect in late 2024, followed by the requirements related to “high risk” systems in early 2025, and the remaining provisions in 2026. Conduct a preliminary review of current AI systems.

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Debevoise Data Blog

JULY 9, 2021

These changes add rights for consumers, and compliance obligations for businesses, that take the U.S. Sensitive Data Like the VCDPA, Colorado’s bill follows the European model of according enhanced rights, and imposing enhanced compliance obligations, for so-called “sensitive” data. This cure provision will expire on January 1, 2025.

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Above the Law - Technology

DECEMBER 4, 2023

Lupl tackles the chaotic, fragmented nature of an attorney’s day by centralizing task management, documentation, access to knowledge, and communication, simplifying collaboration, and ensuring security and compliance with standards like ISO 27001 and SOC 2 Type 2. What problem do you solve? Who are your competitors?

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