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Cyber Risk

Alston & Bird Analyzes New California Privacy Rights Act in Client Alert

November 4, 2020 By Privacy, Cyber & Data Strategy Team

Yesterday, California voters approved a ballot initiative containing the California Privacy Rights Act of 2020. The ballot initiative significantly revises the existing California Consumer Privacy Act to create arguably the most comprehensive state privacy law in the United States. Alston & Bird has now issued a client alert explaining key impacts of this law. The […]

Filed Under: Advisories, Ballot Initiatives, Behavioral Advertising, California, CCPA, Cyber Risk, Cybersecurity, Data Breach, Data Protection, Data Security, Enforcement, Financial Privacy, Insurance Data Security, Legislation, Privacy, Regulation Tagged With: California Consumer Privacy Act (CCPA), California Privacy Rights Act, California Privacy Rights and Enforcement Act, CPRA, Proposition 24

State Financial Regulators Issue Ransomware Mitigation Tool

October 16, 2020 By Kim Peretti and Alysa Austin

On October 13, 2020, state financial regulators in partnership with the Bankers Electronic Crimes Taskforce and the U.S. Secret Service, released the Ransomware Self-Assessment Tool (R-SAT) to help financial institutions mitigate the risks of ransomware.  The R-SAT is a detailed questionnaire designed to evaluate the effectiveness of an institution’s general security controls as well as […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Breach, Data Protection, Data Security, Digital Crimes, Enforcement, Financial Privacy, Privacy

FinCEN Alerts Financial Institutions on Role in Facilitating Ransomware Attacks

October 2, 2020 By Alysa Austin and Privacy, Cyber & Data Strategy Team

With an increase in the frequency, sophistication, and cost of ransomware attacks, the Financial Crimes Enforcement Network (FinCEN) issued an advisory on October 1, 2020 alerting financial institutions to ransomware trends and typologies, and related financial red flags, that may result in a regulatory obligation to report and share information related to ransomware attacks. Based […]

Filed Under: Advisories, Cyber Risk, Cybercrime, Cybersecurity, Data Protection, Data Security, Digital Crimes, Enforcement, Financial Privacy, Privacy Tagged With: Ransomware

OFAC Ransomware Advisory Warns Companies of Potential Civil Liability

October 2, 2020 By Alysa Austin and Privacy, Cyber & Data Strategy Team

Yesterday, October 1, 2020, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued its “Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments.” The advisory begins with the observation that “ransomware attacks have become more focused, sophisticated, costly, and numerous,” citing certain FBI statistics, before making clear what was already well […]

Filed Under: Advisories, Cyber Risk, Cybersecurity, Data Security, Digital Crimes, Enforcement, Financial Privacy, Privacy

SEC Creates Event and Emerging Risk Examination Team

July 28, 2020 By Kate Hanniford

Following OCIE’s recent and detailed risk alert regarding the threat of ransomware, the SEC today announced that it has created the Event and Emerging Risk Examination Team (EERT) as a part of the Office of Compliance Inspections and Examinations (OCIE).  The EERT will engage with registrants regarding emerging threats and current market events, to provide […]

Filed Under: Cyber Risk, Cybersecurity

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