On March 26, 2015, Benjamin Lawsky, Superintendent of the New York State Department of Financial Services (DFS), sent a letter to the CEOs, General Counsel, and Chief Information Officers of all insurers doing business in the state to inform them of a mandatory cybersecurity questionnaire and the initiation of targeted cybersecurity examinations. Approximately 160 insurers […]
Cyber Risk
FFIEC Issues Warnings on Malware and Cyber Attacks
The Federal Financial Institutions Examination Council (FFIEC) has issued two joint statements warning of specific cyber risks. The warnings, which were issued on March 30, 2015, address risks arising from destructive malware, which can destroy sensitive data, and cyber-attacks that compromise user credentials. In both statements, the FFIEC also provides guidance on how to mitigate […]
FCC Advisory Group Issues Cyber Risk Management Report
On March 18, the Federal Communications Commission (“FCC”) approved the Final Report on cybersecurity risk management and best practices issued by Working Group 4 (“WG4”) of its Communications, Security, Reliability, and Interoperability Council (“CSRIC”). The CSRIC, currently in its fourth assembly, is an advisory committee tasked with providing recommendations to the FCC to achieve “among […]
Webinar: Advising the C-Suite and Boards of Directors on Cybersecurity
On February 11, 2015, Alston & Bird hosted a webinar entitled “Advising the C-Suite and Boards of Directors on Cybersecurity.” Panelists included Alston & Bird attorneys Jessica Corley, Scott Ortwein and Kim Peretti, with Jim Harvey as the moderator. The cybersecurity legal landscape is rapidly unfolding due to the mass number of companies whose systems, […]
Kim Peretti Addresses Cyber Risk with the National Retail Federation
The National Retail Federation featured a three-part series, “Talking Tactics,” that examined cybercrime in retail and how the industry is responding. Kim Peretti, co-chair of Alston & Bird’s Security Incident Management & Response Team and a former U.S. Department of Justice senior litigator, says mitigation planning amounts to corporate governance. “There need to be people who […]