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 […]
Cybersecurity
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 […]
Kim Peretti and Dominique Shelton Speaking at Georgetown’s 2015 Cybersecurity Law Institute
Kim Peretti and Dominique Shelton will be featured speakers at the 3rd Annual Cybersecurity Law Institute, hosted by Georgetown Law Continuing Legal Education, and co-sponsored by the American Bar Association Cybersecurity Legal Task Force, Bloomberg BNA, and the Center for Internet Security. The Institute, designed by a national advisory board of professionals, will be held on […]
New York State Regulator to Examine Insurers on Cybersecurity Following Comprehensive Risk Assessments
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 […]
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 […]