Virginia’s HB 2094 regulates high-risk AI systems, focusing on consumer protection. Developers must ensure transparency and manage risks, while deployers must disclose AI use. Generative AI outputs must be identifiable. Enforcement includes penalties up to $10,000. Effective July 1, 2026.
Continue Reading Virginia Poised to Become Second State to Enact Comprehensive AI Legislation
Six months after the SEC’s Cybersecurity Incident Disclosure Rule (SEC Rule) came into force, an April 2024 GT Alert summarized disclosure trends. The GT Alert identified that the companies who filed a mandatory form 8-K disclosing a cybersecurity incident had erred on the side of caution, hedged on whether the materiality threshold had been met
Since the Securities and Exchange Commission’s Cybersecurity Incident Disclosure Rule (SEC Rule) took effect Dec. 18, 2023, about a dozen companies have filed a Form 8-K reporting a material cybersecurity incident. This GT Alert discusses the trends on how companies have made these disclosures thus far. In short, the companies who have filed an 8-K