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Cybersecurity

SEC Proposed Rule Will Require Private Funds to Report Certain Cyber Events

January 31, 2022 By Kate Hanniford and Alysa Austin

On January 26, 2022, the U.S. Securities and Exchange Commission (SEC) proposed new rules to enhance hedge fund and private fund disclosure requirements and increase regulators’ visibility into the private funds industry. The proposed rules would amend the SEC’s Form PF, the confidential reporting form by which private funds disclose regulatory assets to the SEC, […]

Filed Under: Cyber Risk, Cybersecurity, Enforcement Tagged With: cybersecurity, Notice of Proposed Rulemaking, SEC

CISA Releases Warning of Destructive Malware Targeting Ukrainian Organizations

January 18, 2022 By Kim Peretti, Kellen Dwyer and Lance Taubin

On January 16, 2022, the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) released a warning regarding destructive malware targeting Ukrainian organizations, including Ukrainian government agencies. The malware was found in multiple government, non-profit, and information technology organizations, all based in Ukraine. CISA’s warning comes on the heels of a separate targeted attack […]

Filed Under: Cybersecurity, International, Russia

EDPB Issues New Guidance for Assessing Personal Data Breaches under the EU GDPR

January 10, 2022 By Paul Greaves and Wim Nauwelaerts

On Monday, 3 January 2022, the European Data Protection Board (“EDPB”) published the finalized version of its regulatory guidance entitled “Examples regarding Personal Data Breach Notification” (the “Guidelines”), following a public consultation on a draft set of guidelines in 2021. The finalized Guidelines are a practice-oriented, and case-based set of examples that leverage the experiences […]

Filed Under: Cybersecurity, Data Breach, Data Protection, Data Security, Enforcement, Privacy Tagged With: Data Breach Notification, Data Protection, EU Data Protection, EU Privacy, EU Regulation, European Union (EU), Regulatory Enforcement

FTC Releases Warning to Companies that Fail to Mitigate Log4j Vulnerability

January 5, 2022 By Jon Knight and Alysa Austin

Less than a month ago, a critical vulnerability was identified in the ubiquitous, open source Log4j tool prompting swift guidance from Cybersecurity and Infrastructure Security Agency (CISA) and other security practitioners.  Now, the Federal Trade Commission (FTC) has warned companies that it “intends to use its full legal authority” against any company that fails to […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Enforcement, FTC Tagged With: cybersecurity, Log4j, vulnerability

Update: FTC Amendments to the Safeguards Rule and Request for Comment on Proposed Reporting Requirement Published to the Federal Register

December 15, 2021 By Kim Peretti, Kathleen Benway, Kate Hanniford and Kristen Bartolotta

As an update to prior coverage of the FTC’s final revisions to the Gramm-Leach-Bliley Safeguards Rule (Final Rule), following its publication in the Federal Register on December 9, 2021, the Final Rule now will take effect on January 8, 2022, 30 days after publication in the Federal Register. Revisions to the Final Rule include an […]

Filed Under: Cyber Risk, Cybersecurity, Data Security, Enforcement

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