Kim Peretti, co-chair of the firm’s Security Incident Management & Response Team, was quoted in a BankInfoSecurity article titled “Target Breach: Hold Board Responsible?” The article discussed a consulting firm’s report for shareholders in regard to Target Corp. stating that the company should replace seven of the ten members of its board of directors who […]
Financial Privacy
SIA Announces Revised Privacy Framework
The Security Industry Association (“SIA”) announced the revised SIA Privacy Framework on April 1, 2014. Building on the initial framework released in 2010, the revised SIA Privacy Framework is designed to provide guidance to companies seeking to establish adequate privacy policies to protect personally identifiable information and other sensitive data. This release outlines a core […]
Financial Regulators Release Statements on Cyber-Attacks
On April 2, 2014, the Federal Financial Institutions Examination Council (“FFIEC”) issued a press release, alerting that FFIEC members are issuing joint statements on the risks associated with cyber-attacks on Automated Teller Machine (“ATM”) and card authorization systems and the continued distributed denial of service (“DDoS”) attacks on websites. These joint statements highlight the risks […]
Energy and Commerce Committee to Hold First U.S. House of Representatives Hearing in 2014 on Protecting Consumer Information and Preventing Data Security Breaches
Following the recent announcement of two U.S. Senate committee hearings on data security breaches, the House Energy and Commerce Committee announced the first U.S. House of Representatives hearing to examine the issue. During the same week as the Senate hearings, the committee’s Subcommittee on Commerce, Manufacturing and Trade (CMT), chaired by Rep. Lee Terry (R-NE), will […]
U.S. Senate Banking and Judiciary Committees to Hold Hearings Examining Data Security Breaches, Identity Theft, and the Safeguarding of Consumers’ Financial Data
The U.S. Senate Committees on Banking and the Judiciary will each host hearings during the week of February 3, 2014, to examine the impact on consumers from recently reported data security breaches and what measures may be taken to protect sensitive information of consumers, including customer financial information, from criminal acquisition and misuse. Consistent with […]