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Cyber Risk

FERC Takes Action on Cybersecurity in Response to Ukrainian Cyber Attacks

August 8, 2016 By Privacy, Cyber & Data Strategy Team

The Federal Energy Regulatory Commission (“FERC”) issued a Notice of Inquiry (“NOI”) and Final Rule at the end of July to address several urgent cybersecurity issues affecting the bulk electric system.  FERC is taking these actions in the face of increasingly sophisticated threats to our power grid, including in response to an actual cyber-attack against Ukraine’s electricity […]

Filed Under: Cyber Risk, Cybersecurity, Regulation

Alston & Bird Issues Advisory on Six Myths of Breach Response

July 13, 2016 By Privacy, Cyber & Data Strategy Team

Alston & Bird recently issued an Advisory entitled “Six Myths of Breach Response,” authored by Jim Harvey. As data breaches are on the rise, so are the challenges that businesses face in handling these security incidents. This Advisory identifies six strategic pitfalls to avoid when responding to breaches. The Advisory addresses the true significance of […]

Filed Under: Advisories, Cyber Risk, Cybersecurity, Data Breach, Security Breach

SEC Continues to Focus on Cyber-related Disclosures

February 23, 2016 By Cara Peterman

Participating in a panel at the “SEC Speaks” event on February 19, Deputy Director of the SEC’s Enforcement Division Stephanie Avakian expressed that the Commission continues to focus on cybersecurity as a top priority in 2016. Avakian discussed the Commission’s cybersecurity concerns in three contexts: (1) failure of registered entities to follow Rule 30(a) of […]

Filed Under: Cyber Risk, Cybersecurity, Enforcement, Regulation Tagged With: Securities and Exchange Commission

The Importance of Strategic Vendors in Breach Response

January 25, 2016 By Karen Sanzaro and James Harvey

Alston & Bird recently issued an Advisory, co-authored by Jim Harvey and Karen Sanzaro, on the complexities of managing a data breach that implicates strategic third party vendor relationships. Cybercrime and data security incidents are on the rise.  Security breaches and the ensuing investigation and remediation process can be costly and complex.  The process is […]

Filed Under: Advisories, Cyber Risk, Data Breach, Regulation Tagged With: Third Party Service Provider

Moody’s Identifies Cyber Risk As Key Factor in Credit Ratings

November 30, 2015 By Privacy, Cyber & Data Strategy Team

In a report released November 23, Moody’s Investors Service announced that the implications of cyber threats could start taking a higher priority in its credit analysis. Moody’s said it views cyber threats as similar to other extraordinary event risks, such as a natural disaster. “While we do not explicitly incorporate cyber risk as a principal […]

Filed Under: Cyber Risk, Cybersecurity, Data Security

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