Draft CFIUS Rules on 'Sensitive Personal Data' Mean More Deal Worries for Insurers, Big Data Companies
Proposed regulations for national security reviews of deals under the Committee on Foreign Investment in the U.S. involving foreign stakes in U.S. businesses that store large amounts of “sensitive personal data” will likely mean scrutiny of many more transactions than before, especially insurers and other data-driven companies, lawyers said.
Hilary Hageman, a former Defense Department attorney, joins Cubic after having held in-house leadership roles for two other federal government contractors in the information technology and defense sectors.
Increasing regulation will require companies in the manufacturing sector to rely more on their legal departments to help with business strategy, according to a report published this week by Forbes Insights and K&L Gates.
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