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 […]
Cyber Risk
FCC Chairman Outlines Industry-Led “New Regulatory Paradigm” for Cybersecurity Leveraging NIST Framework
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 […]
International Collaboration Disrupts GameOver Zeus and CryptoLocker
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 […]
Kristy Brown Speaking at Federal Bar Association Cyber Liability Luncheon
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 […]
NIST releases final Cybersecurity Framework
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 […]