The potential for malicious cyber activity has been a concern for the Biden administration throughout the evolving crisis in Ukraine (including the imposition of sanctions against Russia). In response to the concern, the Biden administration, which is now facing “evolving intelligence that Russia may be exploring options for potential cyberattacks,” has released recommendations for companies […]
Cybersecurity Executive Order
President Biden Issues Executive Order Directing Coordinated Federal Approach to Digital Assets
As a result of the rise in digital assets, President Biden signed an Executive Order on March 9, 2022 ordering a review of the nation’s approach to cryptocurrency. The Executive Order on Ensuring Responsible Development of Digital Assets (the “Order”) contains both broad policy objectives and specific analysis to be conducted by the federal government. […]
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 […]
NIST releases final Cybersecurity Framework
The National Institute of Standards and Technology (“NIST”) has released the final version of the much-anticipated Framework for Improving Critical Infrastructure Cybersecurity (the “Framework”). The Framework was developed by NIST at the direction of President Obama’s February 12, 2013, Executive Order 13636, “Improving Critical Infrastructure Cybersecurity” (the “Executive Order”). The Framework largely retains the structure […]
White House Cybersecurity Coordinator to Deliver Keynote at Law & Policy In-House Summit in Washington, D.C.
The Global Law Forum will host The Cybersecurity Law & Policy In-House Summit in Washington D.C. on January 14 and 15, 2014. The Summit will showcase panel discussions addressing a myriad of issues relevant to corporate counsel including establishing data breach response plans, understanding the cybersecurity insurance market, achieving Board of Directors and company buy-in […]