The Securities and Exchange Commission (“SEC”) has sanctioned an investment adviser and fined it $75,000 for failing to “adopt written policies and procedures reasonably designed to protect customer records and information.” The SEC alleges that this failure, which was a violation of its Safeguards Rule, contributed to a cyber attack against the investment adviser that […]
Search Results for: Cybersecurity Regulation
The Digital Single Market Strategy and EU Data Security Policies
The landscape of data security regulation within the European Union will likely change drastically over the next few years. In just the latest indicator of this regulatory revolution, the European Commission adopted on May 6, 2015 the heavily anticipated Digital Single Market (DSM) strategy, a multifaceted package of initiatives aimed at reducing or eliminating barriers […]
President Obama Signs Executive Order Authorizing Sanctions for Cyber Attacks, Use of Stolen Data
On April 1, 2015, the White House unveiled Executive Order 13694, which authorizes the Treasury Department to sanction entities outside of the United States that engage in “cyber-enabled activities” that are “reasonably likely to result in, or have materially contributed to, a significant threat to the national security, foreign policy, or economic health or financial […]
FCC Advisory Group Issues Cyber Risk Management Report
On March 18, the Federal Communications Commission (“FCC”) approved the Final Report on cybersecurity risk management and best practices issued by Working Group 4 (“WG4”) of its Communications, Security, Reliability, and Interoperability Council (“CSRIC”). The CSRIC, currently in its fourth assembly, is an advisory committee tasked with providing recommendations to the FCC to achieve “among […]
Alston & Bird Hosting Event: The Evolving Cyber Insurance Market: Key Issues and Challenges
Kim Peretti, partner and co-chair of the firm’s Security Incident Management and Response Team, will moderate a panel discussion during this September 11 event. The featured speakers are Tom Finan, Senior Cybersecurity Strategist and Counsel with the U.S. Department of Homeland Security, and Sean Hyatt, counsel in the firm’s Litigation & Trial Practice Group and […]