Cybersecurity Framework

News & Analysis as of

NIST and USCG Issue New Maritime Industry Cybersecurity Profile

In 2013, President Obama issued Executive Order 13636 and directed the Director of the National Institute of Standards and Technology (NIST) to “lead the development of a framework to reduce cybersecurity risks to critical...more

DFS Cyber Regulation: Changing the Rules – An Interview with Bay Dynamics’ Steven Grossman

As part of Patterson Belknap’s continuing focus on the New York Department of Financial Services (DFS) proposed cybersecurity regulation, we sat down with Steven Grossman, VP Strategy & Enablement at Bay Dynamics, a cyber...more

NIST Releases Draft NICE Cybersecurity Workforce Framework

We consistently comment about the importance of educating the next generation of students on cybersecurity. The earlier the better, as far as I am concerned-as early as the third grade. There is a dearth of cybersecurity...more

New Cybersecurity Reporting Requirements? FinCEN Advisory Identifies Cybersecurity Events for Financial Institutions to Report

Last week, FinCEN (Financial Crimes Enforcement Network) issued a formal Advisory to Financial Institutions and published FAQs outlining specific cybersecurity events that should be reported through Suspicious Activity...more

New York Department of Financial Services Proposes Comprehensive Cybersecurity Regulations for Financial Institutions

In September, the New York Department of Financial Services (“DFS”) proposed new rules (“Rules”) that would require covered financial institutions – banks, insurers, and other institutions regulated by the DFS – to establish...more

Stinson Leonard Street's Emerging Trends Newsletter - Q3

We are thrilled to bring you the third installment of Stinson Leonard Street's Emerging Trends newsletter. We are proud of the depth and breadth of experience and knowledge across our firm's 13 offices nationwide and are...more

The New York State Department of Financial Services Proposes Robust Cybersecurity Rules

On September 13, 2016, the New York State Department of Financial Services (DFS) proposed new rules that would require certain “Covered Entities” to establish and implement cybersecurity programs designed to protect nonpublic...more

Draft Cybersecurity Self-Assessment Tool Published

The National Institute of Standards and Technology (NIST) recently published a draft cybersecurity self-assessment tool entitled “The Baldrige Cybersecurity Excellence Builder,” which provides organizations with a tool to...more

What You Must Know about New York’s Proposed Cybersecurity Regulation for the Banking, Insurance, and Financial Services Sectors

Last week, New York’s Department of Financial Services released its long-awaited proposed cybersecurity regulation, which promises to deliver sweeping protections to consumers and financial institutions alike. The proposed...more

FSOC’s Annual Report Focuses On Cyber Threats And FinTech

In June 2016, the Financial Stability Oversight Council (“FSOC” or the “Council”) released its Annual Report. The Council discussed the continued “pressing concern” of cyber threats and vulnerabilities and also focused on...more

NYDFS: “First-In-The-Nation” Cybersecurity Proposal

New “first-in-the-nation” cybersecurity rules in the pipeline for banks, insurers, and financial services companies regulated in New York could prove costly for companies, but will they improve cybersecurity?...more

FTC Round-Up: NIST Framework Compliance Is Not Enough and Looming Ransomware Enforcement Activity

On August 31st and September 7th, 2016, the Federal Trade Commission (FTC) provided guidance regarding cybersecurity standards, which companies should consider when assessing their current data security posture....more

FTC Makes Clear that NIST Cyber Framework is Not a Cure-All

Last week, the FTC published a blog post titled The NIST Cybersecurity Framework and the FTC, in which the agency issued a nuanced answer to an oft-asked question: “If I comply with the NIST Cybersecurity Framework, am I...more

White House Issues Presidential Directive Coordinating Government Response To “Cyber Incidents”

On July 26, 2016, President Obama issued a new Presidential Directive setting forth the framework for how the United States (US) federal government will respond to “cyber incidents,” whether involving government or private...more

NIST and FAIR develop tool to merge cybersecurity risk standards

One key issue when developing a cybersecurity protocol for your business is ensuring compliance with industry standards to protect your business and adequately address cybersecurity risks. Fail to comply with the standard for...more

White House Directive Outlines Who to Call for Help with a Cyber Incident

Last week, the White House issued a new directive that outlines how the government handles significant cyber incidents, which gives the public information on which agency to call in the event of a cyber incident. We often get...more

House Committee Asks NIST To Improve Cybersecurity For Retailers, Internet Of Things

On June 7, 2016, the House of Representatives’ Committee on Appropriations (the “Committee”) reported out a funding bill that would fund the National Institute of Standards and Technology (“NIST”) to work with the retail...more

Raytheon/Ponemon survey confirms companies wait until an event to hire a data security vendor

The results of a Raytheon commissioned Ponemon study released on June 7, 2016 shows that at least two-thirds of businesses wait until they have experienced a cyber-attack or data breach to hire and retain security vendors to...more

NIST Framework Adoption Linked To Higher Security Confidence

A recent market survey of 338 IT and security professionals has revealed that adoption of the U.S. National Institute of Standard and Technology (“NIST”) Framework for Improving Critical Infrastructure Cybersecurity has led...more

New Guidance Maps HIPAA Security Rule to NIST Cybersecurity Framework to Help Providers Manage Cybersecurity Risk

In a world of looming data breaches and significant penalties for the release of protected health information, the complexities of cybersecurity and compliance with the HIPAA Security Rule can be incredibly daunting. In 2014,...more

Phase 2 of HIPAA Compliance Audits Now Underway

The Office of Civil Rights (OCR) within the U.S. Department of Health and Human Services (DHHS) recently announced that it has initiated Phase 2 of its audit program to assess Covered Entities’ and Business Associate’s...more

Blog: HHS Releases Crosswalk Between HIPAA Security Rule and NIST Framework

The U.S. Department of Health and Human Services (HHS), Office of Civil Rights (OCR) recently released a “crosswalk” developed with the National Institute of Standards and Technology (NIST) mapping the Health Insurance...more

HHS Office For Civil Rights Releases A Crosswalk Between HIPAA Security Rule And NIST Cybersecurity Framework

At the end of February, the Department of Health and Human Services (“HHS”) released a table, called a “crosswalk,” that maps standards and implementation specifications of the Health Insurance Portability and Accountability...more

Capitalizing on Collaboration – The President’s Precision Medicine Initiative

Last week President Obama marked the one year anniversary of his Precision Medicine Initiative (“PMI”) by holding a web-accessible panel discussion where he and interested stakeholders discussed his PMI initiative, its...more

CFTC’s New Proposed Rules Mandate Extensive Cybersecurity Testing; Comments Due Feb. 22, 2016

On December 16, 2015, the Commodity Futures Trading Commission (“CFTC”) released two Notices of Proposed Rulemaking (“NPRMs” or “Proposed Rules”) that would, if finalized, supplement existing regulations covering the...more

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