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Cyber Risk

U.S. Treasury Secretary Lew Emphasizes Cyber-Risks for Financial Institutions

July 30, 2014 By Privacy, Cyber & Data Strategy Team

In remarks delivered earlier this month, U.S. Treasury Secretary Jacob Lew highlighted the dangers of “cyber intrusions” to financial institutions. Secretary Lew cited more than 250 cyber attacks against U.S. banks and credit unions since 2011, as well as recent hacks and credit card thefts against major retailers. “Cyber attacks on our financial system represent […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Security, Financial Privacy Tagged With: Cybersecurity Executive Order, Senate

FCC Chairman Outlines Industry-Led “New Regulatory Paradigm” for Cybersecurity Leveraging NIST Framework

June 14, 2014 By Privacy, Cyber & Data Strategy Team

FCC Chairman Tom Wheeler made remarks on Thursday, June 12 at the American Enterprise Institute where he explained the FCC’s vision of how it will improve the communications sector’s cyber readiness. He announced a “new regulatory paradigm” where the FCC “relies on industry and the market first while preserving other options if that approach is […]

Filed Under: Cyber Risk, Cybersecurity Tagged With: Federal Trade Commission (FTC), National Institute for Standards and Technology (NIST)

International Collaboration Disrupts GameOver Zeus and CryptoLocker

June 4, 2014 By Maki DePalo

On June 2, 2014, in collaboration with the European Cybercrime Centre at Europol, the Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) announced a multi-national effort to disrupt the GameOver Zeus botnet, an extremely sophisticated type of malware designed to steal banking and other credentials from infected computers. The DOJ and the FBI also […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Enforcement, International Tagged With: Department of Justice

Kristy Brown Speaking at Federal Bar Association Cyber Liability Luncheon

March 20, 2014 By Privacy, Cyber & Data Strategy Team

Kristy Brown, chair of the firm’s Telecommunications & Technology, and Privacy Litigation Practice Teams, will be a featured speaker at a lunch program sponsored by the Atlanta Chapter of the Federal Bar Association and hosted in Alston & Bird’s Atlanta office on March 25. Recent news stories about government surveillance, data breaches and hacking have made […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Security, Events

NIST releases final Cybersecurity Framework

February 13, 2014 By Privacy, Cyber & Data Strategy Team

The National Institute of Standards and Technology (“NIST”) has released the final version of the much-anticipated Framework for Improving Critical Infrastructure Cybersecurity (the “Framework”). The Framework was developed by NIST at the direction of President Obama’s February 12, 2013, Executive Order 13636, “Improving Critical Infrastructure Cybersecurity” (the “Executive Order”). The Framework largely retains the structure […]

Filed Under: Cyber Risk, Cybersecurity, Data Protection, Data Security, Privacy, Regulation Tagged With: Cybersecurity Executive Order, Department of Commerce (DOC), National Institute for Standards and Technology (NIST), The White House

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