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In Cybersecurity, Data and Tech

Hong Kong: The first draft of the new critical infrastructures cybersecurity law is here

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The Hong Kong Government has published on 6 December 2024 a draft of the Protection of Critical Infrastructures (Computer Systems) Bill (“Bill”), marking a significant step towards enhancing cybersecurity standards in relation to essential services and critical societal or economic activities in Hong Kong. This Bill aims to protect the security of the critical computer systems (CCSs) of critical infrastructures (CIs), to regulate operators of CIs (i.e., critical infrastructure operators (CIOs)) and to provide for the investigation into, and response to, computer-system security threats and incidents.

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In Cybersecurity, Data and Tech

Australia: Tranche 1 of New Privacy Laws commence

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The Privacy and Other Legislation Amendment Act 2024 (Cth) received Royal Assent on 10 December 2024.
These changes have been referred to as the “Tranche 1” of amendments to Australia’s privacy laws, with the majority of the changes taking effect on 11 December 2024.

In Cybersecurity, Data and Tech

United States: AI Safety Institute releases its first synthetic content guidance report (NIST AI 100 4)

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The US Artificial Intelligence Safety Institute (AISI), housed within the National Institute of Standards and Technology (NIST), announced on 20 November 2024 the release of its first synthetic content guidance report, NIST AI 100 4 Reducing Risks Posed by Synthetic Content: An Overview of Technical Approaches to Digital Content Transparency. “Synthetic content” is defined in President Biden’s Executive Order on Safe, Secure, and Trustworthy AI as “information, such as images, videos, audio clips, and text, that has been significantly altered or generated by algorithms, including by AI.”

In AML & Financial Services Regulatory

Australia: Buy Now Pay Later Act – countdown to regulation has begun

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On 10 December 2024, the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024 (Cth) (“BNPL Act”) received royal assent. The BNPL Act contains 6 Schedules that respectively amend a range of statutes including relevantly the National Consumer Credit Protection Act 2009 (Cth) which regulates the industry of BNPL products. Providers of BNPL products have six months before this new regulatory framework commences to apply for, or vary an existing Australian credit license as well as update their procedures, policies and contracts.

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In Product Regulation & Liability

European Union: What do CG&R companies need to know about the European Accessibility Act?

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The European Accessibility Act is a directive aimed at improving the accessibility of products and services for people with disabilities across the European Union. It establishes common accessibility requirements for a wide range of products and services provided to consumers to ensure that people with disabilities have better access to digital and physical environments, thereby promoting their inclusion and participation in society.

In Cybersecurity, Data and Tech

Australia: The right to privacy – a new cause of action?

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The recent County Court of Victoria decision, Lynn Waller (A Pseudonym) v Romy Barrett (A Pseudonym) [2024] VCC 962, suggests the existence of an Australian common law cause of action for invasion of privacy.
The trial judge assessed that the right to privacy is a value distinct to the right to keep information confidential. As a result, she considered that privacy requires separate protection to breach of confidence claims. This brings Australia closer to the accepted position in the UK, US, Canada, and New Zealand.

In Cybersecurity, Data and Tech

Hong Kong: Critical infrastructure cybersecurity law – Government’s latest updates

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While this article was published, the Security Bureau of the Hong Kong Government announced that the Protection of Critical Infrastructure (Computer System) Bill will be gazetted on Friday, 6 December 2024, and will be introduced into the Legislative Council for First Reading and Second Reading on 11 December 2024. We will provide an update on further developments.

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In Cybersecurity, Data and Tech

Belgium transposes the EU’s Corporate Sustainability Reporting Directive into national law

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The proposed amendments to the Consumer Protection Act Regulations in South Africa aim to enhance consumer privacy by regulating direct marketing practices. Open for public comment until 15 January 2025, these changes focus on creating an opt-out registry managed by the National Consumer Commission, allowing consumers to block unsolicited electronic communications. Direct marketers will be required to register, renew annually, and cleanse their databases regularly to comply with the new rules. The amendments also introduce enforcement mechanisms for non-compliance and align with the Protection of Personal Information Act, ensuring comprehensive consumer protection against unwanted marketing.

In Cybersecurity, Data and Tech

Singapore: Singapore and the European Union agree to strengthen collaboration on AI safety

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Singapore and the European Union (EU) have formalized their collaboration on Artificial Intelligence (AI) safety with the establishment of a new Administrative Arrangement (AA). This arrangement aims to enhance cooperation in promoting technological innovation and the development and responsible use of safe, trustworthy, and human-centric AI. The AA was signed by Mr Joseph Leong, Permanent Secretary of the Ministry of Digital Development and Information of Singapore, and Mr Roberto Viola, Director-General of the Directorate-General for Communications Networks, Content and Technology of the European Commission.

In Cybersecurity, Data and Tech

Singapore: Singapore and UK sign agreement to strengthen global AI safety and governance

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Singapore and the United Kingdom have signed a new Memorandum of Cooperation (MoC) to enhance the safety and reliability of artificial intelligence (AI) technologies in its development and use. This agreement aims to pave the way for greater public trust in AI advancements. The MoC was signed by Minister for Digital Development and Information, Josephine Teo, and Secretary of State for Science, Innovation, and Technology, Peter Kyle, during Minister Teo’s working visit to the UK.

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