The Securities and Exchange Commission (SEC) recently announced the withdrawal of several Biden-era regulations, including a proposed rule that would have required a broad range of platforms and financial intermediaries (such as broker-dealers, clearing agencies, national securities exchanges, and transfer agents) to adopt policies and procedures that address cybersecurity risks. The proposed rule also would […]
Cybersecurity
Inside the SK Telecom Data Breach: What Happened and What Companies Can Learn
In April 2025, SK Telecom—South Korea’s largest mobile carrier—formally notified regulators of a significant data breach that compromised sensitive SIM card data belonging to nearly 27 million users. Following an investigation, the Ministry of Science and ICT and the Korea Internet & Security Agency (KISA) concluded in July 2025 that SK Telecom was negligent in […]
New York Department of Health Issues Urgent Cybersecurity Warning Following U.S. Strikes on Iranian Nuclear Facilities
The New York State Department of Health has issued an urgent cybersecurity advisory (the Advisory) warning of increased threat levels and a higher likelihood of cybersecurity attacks from Iranian state-backed actors following U.S. military strikes on the Fordow, Natanz, and Isfahan nuclear facilities in Iran. The Advisory warns that “intelligence sources indicate a high likelihood […]
Back from the Brink: District Court Clears Air Regarding Individualized Damages Assessment in Data Breach Cases
On June 27, 2025, the District Court for the Middle District of Florida, on remand from the Eleventh Circuit, reversed course when it denied class certification to a group of plaintiffs who were purportedly impacted by a spring 2018 cyberattack on Brinker International, Inc., the parent company of the popular chain restaurant, Chili’s. The recent […]
Trump Administration Releases Cyber Executive Order Revealing Renewed Strategy for U.S. Cybersecurity
On June 6, 2025, President Trump issued an Executive Order (EO) on Sustaining Select Efforts to Strengthen the Nation’s Cybersecurity, amending certain prior directives established by the Biden and Obama administrations. Importantly, the administration’s new directive maintains continuity of the cybersecurity goals of prior administrations and demonstrates that cybersecurity remains a bipartisan priority. However, the […]