Kim Peretti, co-chair of the firm’s Security Incident Management & Response Team, was interviewed by BankInfoSecurity about what boards must know about security issues and how to keep directors risk-aware. In the interview, titled “Cybersecurity: What Boards Must Know,” Peretti discusses what directors don’t know about security, the pre- and post-breach responsibilities of boards, and how […]
Cybersecurity
Secret Service Estimates in Follow-Up Advisory that “Backoff” Malware Affected 1,000 U.S. Businesses
On Friday, August 22 the Department of Homeland Security (“DHS”) and U.S. Secret Service released an advisory warning that a family of malware known as “Backoff” may have infiltrated the Point of Sale (“PoS”) systems of over 1,000 U.S. businesses. The malware was injected into some systems as far as back as October 2013, and DHS warns […]
U.S. Treasury Secretary Lew Emphasizes Cyber-Risks for Financial Institutions
In remarks delivered earlier this month, U.S. Treasury Secretary Jacob Lew highlighted the dangers of “cyber intrusions” to financial institutions. Secretary Lew cited more than 250 cyber attacks against U.S. banks and credit unions since 2011, as well as recent hacks and credit card thefts against major retailers. “Cyber attacks on our financial system represent […]
Kim Peretti and Jessica Corley co-author Bloomberg BNA article on Director Liability for Cybersecurity
Kim Peretti, co-chair of the firm’s Security Incident Management & Response Team, co-authored with Jessica Corley, chair of the firm’s Securities Litigation Group, the Bloomberg BNA article, “Cybersecurity: What Directors Need to Know in an Era of Increased Scrutiny.” In the article, Peretti and Corley discuss the cybersecurity issues that directors and officers face due […]
Kim Peretti to Speak on AllClear ID Webinar
Kim Peretti, co-chair of the firm’s Security Incident Management & Response Team, will be a featured speaker on a webinar addressing the cyber risk landscape and best practices on breach preparation and response. The webinar, titled “Confidence in the Breach Age: Risks, Preparation, Response & Recovery,” will feature a panel of industry professionals who will […]