"US Department of Commerce Proposes 'Know Your Customer' Rule for Infrastructure Service Providers to Curb Foreign Cyber Threats; Public Comment Invited Until April 2024"

U.S. Department of Commerce Publishes Proposed Rule Imposing “Know Your Customer” and Reporting Requirements on U.S. Infrastructure as a Service Providers

U.S. Department of Commerce Publishes Proposed Rule Imposing “Know Your Customer” and Reporting Requirements on U.S. Infrastructure as a Service Providers Thursday, February 1, 2024 The U.S. Department of Commerce (“Commerce”), Bureau of Industry and Security (“BIS”) recently issued a proposed rule aimed at preventing foreign actors from utilizing U.S. Infrastructure as a Service (“IaaS”) products (i.e., cloud computing services) to engage in malicious cyber-enabled activity, specifically by imp...