Friday, March 1 2024

When regulators squabble, who loses? Everyone. Regulatory disharmony is real, folks—and so far, we don’t see signs of the trend waning.

We recently examined the lack of harmonious regulatory policy towards cryptocurrency platforms. This dynamic, of course, isn’t unique to crypto: Complaints asking for consistent consent requirements across the European Union prompted the European Data Protection Board to adopt cookie consent guidelines.

The EDPB also responded the same way they always respond, by…wait for it…announcing a new taskforce.

The taskforce will almost certainly zero in on the Companies Formerly Known as FAANG. Big tech has been collecting data privacy missives from every regulator who’s paying attention—the European Commission, EDPB, Austrian data protection authority, Norwegian authority Datatilsynet, Irish Data Protection Commission, French CNIL, U.S. FTC, CFPB, and state attorneys general.

And yet, we think the most important story of the hour isn’t what regulators will or won’t do about Facebook, Google, Meta, Alphabet, and friends. We’re focused on the downstream effects: How do inconsistent cybersecurity directives affect other companies, especially midsized firms, which have historically been lightly regulated?

As they say, sometimes you don’t need a weatherman to know which way the wind blows. Chairs of the U.S. Securities and Exchange Commission and the Federal Trade Commission said they are eyeing changes to privacy and cybersecurity policy—oh, and NIST also has a couple hundred pages of updated guidance to add the privacy and security discussion.

So, who’s next in the firing line, beyond large tech firms? For starters, if the SEC has anything to say about it, hedge fund and private equity firms will start to see a lot more scrutiny.

A stronger focus on third-party service providers is also likely, and this won’t be limited to a handful of cloud giants. This week, SEC Chair Gary Gensler suggested new cybersecurity regulations will affect service providers such as investor reporting platforms, fund administrators, index providers, custodians, and others.

Previous

Cyber Deals: 1Password, Virtru, SoSafe, Anitian

Next

AaDya Security Raises $3.1M to Accelerate Expansion in the SMB-Focused Cybersecurity Market

Check Also

Widget

Don’t Miss

The words Endpoint Detection and Response (EDR) on a green background with lines on the right side of the image

Best Endpoint Detection & Response Platforms

Lara Oporto

Endpoint Detection & Response platforms continuously monitor endpoints for signs of malicious activities, such as unauthorized access or unusual behavior, enabling rapid detection and response to potential cyber threats to safeguard organizational assets. What is Endpoint Detection and Response and how does it work? Endpoint Detection and Response (EDR) is a cornerstone in modern cybersecurity […]

AT&T AlienVault Products Review: OSSIM vs USM

Ellie Buscemi

AlienVault is now the technological basis for AT&T AlienLabs and provides multiple products for different companies’ cybersecurity needs. What AT&T AlienVault Products are Available? In December 2021, CISOstack reported that AT&T intended to acquire AlienVault to expand its cybersecurity offerings to more businesses. Two years later, AlienVault-based offerings make up a large portion of AT&T’s […]

Photo by Simon Kadula on Unsplash.

Navigating Manufacturing IIoT Cybersecurity Challenges

John Powers

Guarding the Gears: Government policy and industry collaboration to mitigate cyberthreats to manufacturers. The smart factory is on the rise. Production lines equipped with advanced sensors can monitor equipment health in real-time and predict potential issues before they disrupt operations. Temperature and humidity sensors can ensure the optimal environment for delicate manufacturing processes. RFID-enabled asset […]

Best Microsegmentation Software

Ellie Buscemi

Microsegmentation allows a company to divide digital assets into smaller, more secure groups, which makes it harder for cybercriminals to take over a company’s data center. What is Microsegmentation? Microsegmentation refers to cyber professionals building layers of cybersecurity protection between groups of digital assets or individual cyber assets. Adding these layers inside instead of only […]

Best Breach and Attack Simulation Platforms

Ellie Buscemi

Breach and attack simulation (BAS) platforms allow companies to see weaknesses in their cyber infrastructures before a malicious hacker can exploit them. What Is BAS – Breach and Attack Simulation? Breach and attack simulation (BAS) is an approach to cybersecurity that uses advanced tools to imitate the attacks used by cybercriminals on companies’ digital infrastructure. […]

Ofer Ben-Noon and Ohad Bobrov

Palo Alto Networks to Acquire Talon

Ellie Buscemi

On Monday, Palo Alto Networks agreed to acquire Israeli startup Talon Cyber Security, an enterprise browser platform. The deal values Talon at between $600 to $700 million, according to The Information. Palo Alto will integrate Talon’s enterprise browser solution into its Prisma SASE product. The acquisition comes among a wave of acquisitions and releases involving […]