Cyber and data security standards in the United States continue to demand attention. Although the passage of comprehensive legislation in the US in 2011 is uncertain, new measures are receiving support from governments around the globe as a result of high profile cyber attacks and data breaches. This has led to discussions at both national and international levels concerning the appropriate standards and regulatory requirements for financial services and other industries.

In the United States, several bills are being discussed including the Secure and Fortify Electronic Data Act of 2011 (H.R. 2577), the Cyber Security and American Cyber Competitiveness Act of 2011 (S. 21), the Data Security and Breach Notification Act of 2011 (S. 1207), as well as the Cybersecurity Enhancement Act of 2011 (H.R. 2096).

Please join partners Jeffrey Taft and Howard Waltzman as they discuss the latest developments with these proposed measures to improve cyber and data security in the United States and the effects on financial services and other industries. The topics to be covered during the call include:

  • What are the major requirements of the proposed data security and cyber security legislation?
  • Why do policymakers believe that legislation is necessary?
  • What are the possible impacts of these bills on financial services and other industries and are such impacts being considered?
  • What are the prospects for enacting these measures?

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Mayer Brown's Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm's global resources from multiple practices and offices, the Initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.