News & Analysis as of

Business Continuity Plans Data Breach

Mitratech Holdings, Inc

Aligning your cyber risk management program with your company’s bottom line

The key to gaining buy-in for your cyber risk roadmap under tightening budgets and staffing challenges. This statement should come as no surprise: there’s been an alarming rise in the number and sophistication of cyber...more

Woodruff Sawyer

6 Things Underwriters Look for in Your Ransomware Protection

Woodruff Sawyer on

While the early days of cyber insurance were often marked by rapid expansion and low losses, recent years have seen the industry weather a vast increase in not just the number of claims but also the severity. The growing...more

Woods Rogers

Cybersecurity Awareness Month: Tips On Practicing Basic Cyber Hygiene

Woods Rogers on

In our first article to kick off Cybersecurity Awareness Month, we will discuss some steps businesses can take to improve their cyber hygiene.  Over the past few years, some of the largest and well-known companies have been...more

BCLP

Supervision of Vendors When Outsourcing - The Buck Stops with FINRA Member Firms

BCLP on

Key Takeaways: ..On August 13, 2021, FINRA issued Regulatory Notice 21-29 (“RN 21-29”) to remind member firms that they must establish and maintain an adequate supervisory system, including written supervisory procedures...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - October 2020

Robinson & Cole LLP on

CYBERSECURITY - OFAC Issues Advisory on Sanctions for Facilitating Ransomware Payments - On October 1, 2020, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory “to...more

Mitratech Holdings, Inc

Privacy, Pandemics, and Business Change…OH MY!!!

Economic uncertainty, health and safety, work from home, IT security issues, continuity, and operational resiliency…it is like an intricate pattern of dominos falling over....more

Sheppard Mullin Richter & Hampton LLP

Turn on the Camera Part Two: Are You Prepared to Handle a Breach Remotely and Do You Know Your Legal Security Obligations?

During their COVID-19 preparations, companies are dusting off -and deploying- their business continuity plans. Also worth revisiting are incident response plans. Teams working remotely, if faced with a data breach, will still...more

Kramer Levin Naftalis & Frankel LLP

Cybersecurity: the SEC Provides Guidance on Well-Known and Emerging Best Practices

At the end of January, the U.S. Securities and Exchange’s Office of Compliance Inspections and Examinations (OCIE) released its “Observations on Cybersecurity and Resiliency Practices” (Observations)....more

Thomas Fox - Compliance Evangelist

Day 17 of One Month to More Effective Continuous Improvement-Financial Health Monitoring

Continuous improvement can take many ways, shapes and forms. Typically, when it comes to third-party risks, a Chief Compliance Officer (CCO) or compliance professional will consider the ownership structure to see if there is...more

Robinson+Cole Data Privacy + Security Insider

FTC Releases Tips & Advice on Ransomware

On November 10, 2016, the Federal Trade Commission (FTC) released tips and advice for businesses and consumers on ransomware. For businesses, the FTC released Ransomware – A closer look and a companion video, Defend against...more

BCLP

Part 5 of Reviewing Third Party Vendor Service Contracts, a Seven Part Guide

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This is part 5 of a Seven Part Guide to reviewing vendor contracts. Vendor Notice Requirements - Business - Strategic Changes. There are several categories of events the bank will want to be notified about. The...more

Foley Hoag LLP - Security, Privacy and the...

Data Breaches, Media Relations, and the Bottom Line

Data breaches are crisis moments that business must prepare for in many ways: not just in taking steps at prevention, but also mitigating losses, arranging for business continuity, complying with legal and regulatory...more

Foley & Lardner LLP

Legal Considerations in Businesses’ Disaster Planning

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In the last decade, Disaster Recovery (“DR”) and Business Continuity Planning (“BCP”) have become “hot” topics, as companies attempt to deal with disasters and the associated business risks. “Force majeure” is a legal concept...more

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