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Cybersecurity

SEC Releases Detailed Set of “Cybersecurity and Resiliency Observations”

February 10, 2020 By Kate Hanniford

On January 28, 2020, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”)  released a detailed set of observations culled from thousands of examinations of registered investment advisers, broker-dealers, clearing agencies, national exchanges, and other SEC registrants (“Observations”).  These Observations represent the most detailed compilation of strategies and tools that OCIE has observed to promote […]

Filed Under: Advisories, Cybersecurity, Data Security

NIST Publishes Privacy Framework Version 1.0

January 17, 2020 By Aaron Wasser

On January 16, 2020, the National Institute of Standards and Technology (“NIST”) published Version 1.0 of its Privacy Framework:  A Tool for Improving Privacy through Enterprise Risk Management (“Privacy Framework”). A draft version was initially published for public comment on September 6, 2019. The new Privacy Framework is designed to support organizations in building customer’s […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Breach, Data Security, Online Privacy, Privacy, Privacy Policy, Workplace Privacy

FTC Consumer Protection Bureau Director Highlights Efforts to Strengthen Data Security Orders

January 13, 2020 By Kathleen Benway and Emily Poole

On January 6, 2020, the Federal Trade Commission’s (FTC) Bureau of Consumer Protection Director Andrew Smith published a blog post summarizing the agency’s “New and improved FTC data security orders,” as part of its efforts to provide “better guidance for companies” and “better protection for consumers.” Smith noted that strengthening the FTC’s orders in data […]

Filed Under: Cybersecurity, Data Security, Enforcement Tagged With: Federal Trade Commission (FTC)

Warning: Iranian Cyber Response Possible Against Private Industry

January 7, 2020 By James Harvey, Kimberly Peretti and Amy Mushahwar

After Friday’s announcement of the killing of Major General Qassem Soleimani, a leader of Iran’s Quds Force, several regulators have put industry on high alert of the increased potential for cyber-attack.  Iran has a known history of launching cyber-attacks against US industry, and regulators warn industry to prepare for a possible rise in cyber-attacks. The […]

Filed Under: Cyber Risk, Cybersecurity, International, National Security, Security Breach

Treasury Announces Sanctions Against Cybercriminal Group Behind ‘Dridex’ Malware, Offering Mitigation Strategies for Businesses

December 11, 2019 By Emily Poole

On December 5, 2019, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued sanctions against Evil Corp, a Russian cybercriminal organization that is known for distributing the Dridex malware. Dridex is a banking trojan that has been used to target financial institutions across the globe and has resulted in more than $100 million […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Breach, Data Protection, Data Security, Digital Crimes, Enforcement, International, National Security Tagged With: Department of Justice (DOJ)

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