Kim Peretti, co-chair of the firm’s Security Incident Management & Response Team, was quoted in a CIO article on April 27 titled, “Boards are on high alert over security threats.” The risk of a cyberattack is a concern that is fast becoming omnipresent for corporate directors across industries. “It’s not just financial services firms or […]
Cybersecurity
NAIC Publishes Principles for Effective Cybersecurity
The National Association of Insurance Commissioners (NAIC) Cybersecurity Task Force adopted Principles for Effective Cybersecurity Insurance Regulatory Guidance on April 16, 2015. The document identifies types of safeguards regulators expect insurers to have in place to protect consumers from cybersecurity breaches. The guiding principles are intended to establish insurance regulatory guidance that promotes coordination and […]
DOJ to Host Cybersecurity Roundtable on Data Breaches
On April 29, 2015, the Department of Justice’s Criminal Division will host a cybersecurity industry roundtable on data breaches. The event, which will include audience question and answer sessions, will focus on a range of recent industry developments. The event will feature a discussion of cybersecurity from the national security perspective by John P. Carlin, […]
SEC Confirms Plans To Issue New Cybersecurity Disclosure Rules
According to Smeeta Ramarathnam, Chief of Staff to SEC Commissioner Luis Aguilar, the SEC is currently engaging in a comprehensive re-work of its investor disclosure rules, including with respect to rules bearing on cybersecurity incident disclosure. The SEC, which is formally tasked with overseeing issues that concern market integrity and disclosure of material information, revealed […]
PCI-DSS Standard Updated To Address SSL Vulnerabilities
On April 15, 2015, the Payment Card Industry Security Standards Council (PCI-SSC) updated the PCI Data Security Standard (PCI-DSS) from version 3.0 to version 3.1. The new version is effective immediately. PCI DSS Version 3.0 will be retired on June 30, 2015. A summary of the changes, along with the updated standard, can be found […]