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Proposed rules may lead to increased compliance requirements ahead
On January 29, 2024, the U.S. Department of Commerce’s (DOC) Bureau of Industry and Security (BIS) issued a proposed rule seeking to secure U.S. Infrastructure as a Service (IaaS) products against foreign parties seeking to use such products to engage in malicious cyber-enabled activity. Specifically, the proposed rule would impose certain due diligence and reporting requirements on U.S. IaaS providers and their foreign resellers. The Notice of Proposed Rule Making (NPRM) follows Executive Order 13984…
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