In a momentous judgment, the European Court of Justice (“ECJ”) today invalidated the European Commission’s decision establishing the E.U.-US Safe Harbor for transfers of personal data (“Safe Harbor Decision”). The ruling was made with record dispatch, following on an Advocate General Opinion recommending invalidation that was delivered to the Court only two weeks ago. Facts […]
Board Governance & Cyber Risk Management
Alston & Bird Conducts Cybersecurity Preparedness and Response Training with Industry Experts
Alston & Bird’s Cybersecurity Preparedness and Response (CPR) team recently partnered with Stroz Friedberg and Brunswick Group to conduct a comprehensive, all day breach preparedness and response training session for A&B team members. Approximately 35 members of the firm participated in this in person multi-disciplinary training session. CPR team members shared their experiences and insight […]
Swire Challenges Factual Basis of Schrems Decision
In an article published today, Senior Counsel Peter Swire challenges the factual basis for the Advocate General’s recent opinion in the so-called “Schrems case” against the E.U.-U.S. Safe Harbor framework. Thousands of U.S. businesses rely on the Safe Harbor framework in order to support the transfer of data from the European Union. As previously discussed […]
Kim Peretti Speaking at Financial Services Roundtable 2015 Fall Conference
Kim Peretti, partner and co-chair of Alston & Bird’s Cybersecurity Preparedness & Response Team, will be a featured speaker at the Financial Services Roundtable (FSR) 2015 Fall Conference, hosted by FSR. Ms. Peretti is participating in a public panel on October 2 from 12-1pm EST. The topic is “Corporate Cyber Liability: How Prepared Is Your Board?” Panelists […]
SEC Sanctions Investment Adviser Under the Safeguards Rule
The Securities and Exchange Commission (“SEC”) has sanctioned an investment adviser and fined it $75,000 for failing to “adopt written policies and procedures reasonably designed to protect customer records and information.” The SEC alleges that this failure, which was a violation of its Safeguards Rule, contributed to a cyber attack against the investment adviser that […]