News & Analysis as of

Cyber Attacks Data Security

Deeper Dive: Phishing/Hacking/Malware Attack Remain Leading Cause of Security Incidents

by BakerHostetler on

During 2016, our BakerHostetler privacy and data protection team worked on data security incidents across virtually all industries. For the second year in a row, phishing/hacking/malware attacks have accounted for the largest...more

Deeper Dive: Frequency and Severity

by BakerHostetler on

All industries are affected by cyberattacks, but how often and to what extent they occur vary greatly by industry type. As for frequency, the healthcare industry in 2016, for the third year in a row, saw the greatest...more

Be Compromise Ready: Go Back to the Basics

by BakerHostetler on

We are excited to release our third annual BakerHostetler Data Security Incident Response Report. This report analyzes the more than 450 data security incidents we led clients through in 2016. Companies continued to...more

Homeland Security Committee Hearing Focuses On “Borderless Battle” Of Cyber Threats

by King & Spalding on

On March 22, 2017, the U.S. House Committee on Homeland Security heard testimony on the current state of the global cyber battleground, how rapid changes in technology and the expanding Internet-of-Things (“IoT”) present new...more

N.Y.’s New Cybersecurity Regulations: What Financial Services Companies Need to Know

With corporate data security breaches on the rise, the New York State Department of Financial Services (NYDFS) has adopted rules requiring financial institutions to take certain measures to safeguard their data and inform...more

Bipartisan State Cyber Resiliency Act Will Help Local Governments Defend Against And Recover From Cyber Attacks

by King & Spalding on

On March 2, 2017 lawmakers in both the U.S. Senate and U.S. House of Representatives introduced the State Cyber Resiliency Act, which would give state, local, and tribal governments grants to boost cybersecurity protections. ...more

Chairman McCaul Warns The United States Is Falling Behind In Cyber War

by King & Spalding on

At the 2017 RSA Conference held last week in San Francisco, California, House Homeland Security Committee Chairman Michael McCaul (R-TX) was ominous in his assessment of the country’s efforts to deter cyber-attacks. In a...more

Cyber Security and Social Engineering: A Big Low Tech Problem

by LeClairRyan on

Headline-grabbing cyber hacks of email accounts belonging to celebrities, corporations, government officials and political campaigns are becoming the norm. Cybersecurity intended to guard against these acts brings to mind...more

Sony Cyber-Attackers Lurking at Financial Supervisor “Watering Hole” Target Banks and Others

Cybersecurity specialists at BAE Systems and Symantec announced last week new evidence suggesting that the criminals behind the notorious 2014 attack on Sony Corp. are also responsible for recent cyber-attacks involving 104...more

Cybersecurity Obligations of Directors - Guidance from the United States Decisions

by Bennett Jones LLP on

Your organization will in all likelihood suffer a cyberattack. According to a recent study by Accenture, the average Canadian organization faces about 96 cyberattacks per year, nearly one third of which result in a security...more

Make Cybersecurity Great Again? Cybersecurity Challenges — and Opportunities — for the Trump Administration

The Trump Administration has taken office at a time when cybersecurity has increasingly entered the public consciousness as a major challenge facing both the United States government and the business community. Cyberattacks...more

CFOs Identify Cyber-Attacks as One of their Top Operational Risks

FM Global and CFO Research Services have partnered together and recently issued a study titled “Finance’s Role in Operational Risk Management: CFO Research on Building a Resilient Company.” ...more

The Risks and Implications of Failing to Comply with U.S. Government Cyber and IT Requirements

by Pepper Hamilton LLP on

This article summarizes some of the many risks and implications that are associated with failing to comply with U.S. government-unique cyber and information technology requirements. We are often asked by small and...more

What Privacy Counsel Can Learn from the Unclassified Intelligence Report on Russian Activities and Intentions

by McGuireWoods LLP on

Civilian privacy officers and counsel have a rare opportunity following the publication of the January 6, 2017 report from the Office of the Director of National Intelligence, commissioned by Former President Obama, regarding...more

Yahoo! Data Breach Results in Another Lawsuit Against Corporate Directors and Officers

by Snell & Wilmer on

A number of claims have been made against companies’ directors and officers alleging a breach of fiduciary duty for failing to adequately oversee data security programs. To date, the defendants’ oversight of the programs and...more

6 Things to Know About Cyber Liability Insurance

Are you covered? Here are 6 things to know about cyber liability insurance (also known as data breach insurance): Coverage is still evolving. Over 60 insurance companies – maybe more – offered such a policy; however,...more

Employer Has No Legal Duty To Protect Employee Electronic Information

A court in Pennsylvania recently held that an employer does not have a legal duty to act reasonably in managing its computer systems to safeguard sensitive personal information collected from its employees, when the employer...more

Cybersecurity Incident Response: Who You Gonna Call?

Who should you call when you suspect, or are certain of, a data breach? Data breaches and other cybersecurity incidents have become of a fact of life. Yahoo! recently disclosed that data for over one billion users was...more

Law Firm Data Breaches Demonstrate the Expanding Scope of Cyber Attacks

In a case of “cyber meets securities fraud,” the United States Attorney’s Office for the Southern District of New York (“SDNY”) recently indicted three foreign nationals on charges of insider trading, wire fraud, and computer...more

No More Ransom Project Expands Membership and Tools

The No More Ransom Project, a coalition of security companies and law enforcement, which was launched through a partnership with the European Cybercrime Centre, the National High Tech Crime Unit of the Netherlands police,...more

Governor Cuomo Unveils Cybersecurity Proposals Including Cyber Incident Response Team

New York Governor Andrew Cuomo announced a series of cybersecurity proposals that are designed to protect consumers and government entities from cybercrime and identity theft. One of the proposals includes the creation of a...more

2017 Resolutions for Community Banks: A Focus on Cybersecurity

by Hogan Lovells on

In December 2016, Thomas Curry, the Comptroller of the Currency, stated that cybersecurity was the single greatest systemic threat to our financial system. He was not being hyperbolic. Cybersecurity should be on...more

Global Cybersecurity Threats to the Maritime Sector

by Holland & Knight LLP on

Cybersecurity risks to the nation's critical infrastructure (CI) – defined as 16 CI sectors, including transportation and maritime – continue to grow exponentially. The incoming Trump Administration has made it clear that...more

FTC Files Lawsuit Against Taiwanese Manufacturer for Alleged Lax Security in Wireless Routers and Cameras and Related Marketing...

by Kelley Drye & Warren LLP on

The Federal Trade Commission has filed a lawsuit in federal court claiming that a networking equipment manufacturer engaged in unfair and deceptive acts, exposing thousands of consumers to the risk of cyberattack from...more

Global Privacy and Data Security in 2016 and 2017

In 2016, new privacy, cybersecurity and/or data security legislation passed or became effective in a number of countries, some adopting data security measures for the first time. Several countries adopted cybersecurity...more

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Cybersecurity

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