Last week, the New York State Legislature passed the One Fair Price Act (S.8623B/A.9349B) (the Act), a bill that prohibits businesses from using personal data—such as purchase history, browsing history, real-time location, income, or inferred household size—to generate individual prices
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Trump Administration Issues Executive Order on Advanced AI Innovation and Security
Key Takeaways
- The Executive Order, Promoting Advanced Artificial Intelligence Innovation and Security (Order), directs the creation of a framework for developers of advanced frontier models to engage with the federal government for a voluntary pre-release review of the models.
- The
European Commission Publishes Proposal for Act to Reduce Reliance on Foreign Cloud and AI
On June 3, 2026, the European Commission (EC) released its first draft of a proposed Cloud and AI Development Act (Proposal or CADA), marking a significant step forward in the EU’s efforts to strengthen its digital infrastructure and reduce strategic
YellowKey Zero-Day and the BitLocker Bypass: Compliance and Incident Response Implications
Key TakeawayA publicly disclosed and widely unpatched zero-day vulnerability, named YellowKey, permits anyone with physical access to a device running Windows 11 or Windows Server 2022/2025 to bypass BitLocker full-disk encryption (Microsoft’s built-in tool that acts like a digital vault
Connecticut Updates Its Data Privacy Act, Imposing Significant New Privacy Requirements
Last month, the Connecticut legislature passed two bills that amend and expand the Connecticut Data Privacy Act (CTDPA): Senate Bill 4 (SB 4) and House Bill 5222 (HB 5222). SB 4 (which was signed into law on May 27, 2026)
SEC Chairman Invites Comment on Modernizing the IPO Process
In remarks delivered on May 26, 2026, at the Stanford Rock Center for Corporate Governance, U.S. Securities and Exchange Commission (Commission or SEC) Chairman Paul S. Atkins expressly invited public input on how the Commission should improve and modernize the
SEC Proposes to Rescind Climate Disclosure Rules
“Shadow AI” Triggers First SEC Form 8-K for Unauthorized AI Use: What Financial Institutions and Public Companies Need to Know
Key Takeaways
- CB Financial Services, Inc. filed the first SEC Form 8-K under Item 1.05 triggered by an unauthorized use of an artificial intelligence (AI) tool, not an external cyberattack.
- A cybersecurity incident caused by insider misuse of AI (known
Draft Guidelines Clarify Which AI Systems Are “High-Risk” Under EU AI Act
The European Commission has published draft guidelines (Draft Guidelines) to clarify the classification of high-risk AI systems under the European Union’s Artificial Intelligence Act (EU AI Act). This classification is crucial, as it determines whether an AI system will be
SEC Adds New Jurisdictions to FPI Section 16(a) Relief: Australia, India, and Singapore
On May 20, 2026, the U.S. Securities and Exchange Commission issued an exemptive order relieving directors and officers of certain foreign private issuers (FPIs) from the Section 16(a) reporting requirements of the Securities Exchange Act of 1934 (Exchange Act). Building