The damage from the largest computing failure in history – the failure of CrowdStrike's security software update that paralyzed healthcare institutions, banks, airlines, and about 8.5 million computers worldwide over the last weekend – is estimated to exceed one billion dollars. This estimate by Anderson Economic Group includes the direct damage caused to CrowdStrike customers due to the shutdown of ...
On July 12, 2024, the European Union’s Artificial Intelligence Act, Regulation (EU) 2024/1689 (“EU AI Act”), was published in the EU Official Journal. The EU AI Act formally applies across all 27 EU Member States on August 1, 2024. Yet its enforcement will be phased, with the majority of its provisions becoming fully binding on August 2, 2026.
The timeline ...
The Knesset (the Israeli parliament) has approved the enactment of the Posthumous Access to Digital Content Bill, 2024. This law allows users of digital services to designate “family members or other close individuals” to access their digital content accounts after their death.
The legislation allows individuals to decide how their personal digital content will be managed posthumously or if they ...
A class-action lawsuit filed in November 2022 against GitHub, Microsoft, and OpenAI has been largely dismissed, leaving only two allegations intact. The developers who initiated the lawsuit claimed that GitHub Copilot, a coding assistant powered by OpenAI’s technology, unlawfully copied their code. They argued that Copilot, trained on open-source software from GitHub, suggested code snippets without proper licensing or credit, ...
The U.S. Federal Trade Commission and the Los Angeles District Attorney’s Office are taking action against NGL Labs, LLC, and two of its co-founders for multiple violations related to their anonymous messaging app, which allows users to receive anonymous messages from friends and social media followers.
Key allegations include marketing the service to children and teens, falsely claiming its AI ...
In a 107-page decision, a Manhattan U.S. District Judge dismissed most claims against SolarWinds and its Chief Information Security Officer (CISO) in a Securities and Exchange Commission (SEC) lawsuit. The lawsuit alleged that SolarWinds misled investors about the security of its Orion software, which was exploited by Russian hackers in a major cyberattack known as “Sunburst.” This attack targeted thousands ...
The White House’s Office of Management and Budget (OMB) and the Office of the National Cyber Director (ONCD) have released a memorandum titled “Administration Cybersecurity Priorities for the FY 2026 Budget.” This memo provides a comprehensive roadmap for federal agencies and offers crucial guidance for developing their fiscal year 2026 budget submissions in line with the National Cybersecurity Strategy.
Key ...
On July 8, 2024, the Israeli Privacy Protection Authority (PPA) published a draft opinion for public comments on transferring information outside Israel, interpreting Regulation 2(4) of the Privacy Protection (Transfers of Data to Databases Abroad) Regulations, 5761-2001.
According to the regulations, personal data can generally only be transferred outside Israel if the destination country ensures a level of data protection ...
New user? Click here to register