1) A New Era of Cyber Incident Reporting and Cybersecurity Regulation

The new Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA) creates legal protections and provides guidance to companies that operate in critical infrastructure sectors, including requirements to report cyber incidents within 72 hours and ransom payments within 24 hours. In part one of this two-part guest article series, Wilkinson Barker Knauer attorneys parsed important provisions of CIRCIA, which Congress enacted just weeks after Russia’s invasion of Ukraine, that the Cybersecurity and Infrastructure Security Agency will shape through the rulemaking process with industry input. In the second installment, the authors examined areas of particular concern to the most significant critical infrastructure sectors, including financial services, communications and energy, and discussed the future of cybersecurity regulation in the United States.

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