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Cyber Risk

NIST Publishes Privacy Framework Version 1.0

January 17, 2020 By Privacy, Cyber & Data Strategy Team

On January 16, 2020, the National Institute of Standards and Technology (“NIST”) published Version 1.0 of its Privacy Framework:  A Tool for Improving Privacy through Enterprise Risk Management (“Privacy Framework”). A draft version was initially published for public comment on September 6, 2019. The new Privacy Framework is designed to support organizations in building customer’s […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Breach, Data Security, Online Privacy, Privacy, Privacy Policy, Workplace Privacy

Warning: Iranian Cyber Response Possible Against Private Industry

January 7, 2020 By James Harvey and Kim Peretti

After Friday’s announcement of the killing of Major General Qassem Soleimani, a leader of Iran’s Quds Force, several regulators have put industry on high alert of the increased potential for cyber-attack.  Iran has a known history of launching cyber-attacks against US industry, and regulators warn industry to prepare for a possible rise in cyber-attacks. The […]

Filed Under: Cyber Risk, Cybersecurity, International, National Security, Security Breach

Treasury Announces Sanctions Against Cybercriminal Group Behind ‘Dridex’ Malware, Offering Mitigation Strategies for Businesses

December 11, 2019 By Privacy, Cyber & Data Strategy Team

On December 5, 2019, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued sanctions against Evil Corp, a Russian cybercriminal organization that is known for distributing the Dridex malware. Dridex is a banking trojan that has been used to target financial institutions across the globe and has resulted in more than $100 million […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Breach, Data Protection, Data Security, Digital Crimes, Enforcement, International, National Security Tagged With: Department of Justice (DOJ)

Critical Audit Matters Disclosure Implicates Information Technology and Security

November 6, 2019 By Kate Hanniford

As independent auditors to public companies and business development companies begin to make required disclosure of Critical Audit Matters (CAMs) to the audit committee, such reports are beginning to include discussion of information security programs and information technology controls.  Independent auditors have treated material weaknesses in certain information technology controls as material weaknesses in internal […]

Filed Under: Cyber Risk, Data Security, Regulation Tagged With: Cybersecurity, Disclosure, PCAOB, Securities and Exchange Commission

SHIELD Act Overhauls New York’s Data Breach Notification Framework

October 25, 2019 By Privacy, Cyber & Data Strategy Team

On October 23, 2019, New York’s new breach notification provisions came into effect, a result of New York’s passage of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act) in July. That Act overhauled New York’s data privacy framework, expanding the list of data elements that are considered “private information” while growing the […]

Filed Under: Advisories, Cyber Risk, Cybersecurity, Data Protection, Data Security, Legislation, Online Privacy, Privacy

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