Cybersecurity

Cybersecurity is a term used to describe methods and systems for protecting sensitive information in the electronic sphere. As more financial, business, and personal information becomes exclusively maintained and stored electronically, the risks of attacks, leaks, and disclosures become more pronouced. The concept of Cybersecurity encompasses a broad array of issues, including governmental regulations to ward off cyber terrorists, industry data collection and maintenance practices, and consumer advocacy to ensure the privacy of individuals' personal and medical information.

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News & Analysis as of May 25, 2013

Capital Thinking Updates - May 20, 2013

by Amy Davenport, Alexis Early, Eugenia Edwards, Jared Fleisher, Mara Giorgio, Norma Krayem, Karen Kudelko, Matthew Kulkin, Jessica Monahan, Amy Budner Smith, Stacy Swanson, Sarah Vilms, more +Dana Weekes, Kristin Wells, Pam Welsh | Patton Boggs LLP on 5/24/2013

In This Issue: - General Legislative - Agriculture and Food - Budget and Appropriations - Cybersecurity - Defense - Education - Environment - Financial Services - Health Care - Homeland...more

Client Alert: GSA Seeks Industry Comments on How Best to Incorporate Cybersecurity into Federal Procurement

by Mary Beth Bosco | Patton Boggs LLP on 5/22/2013

President Obama’s February 12, 2013 Executive Order (“EO”) titled, “Improving Critical Infrastructure Cybersecurity,” defined the framework for improving the security of computer networks based on the designation of 16 areas...more

HHS Reaches $400,000 Settlement Of Alleged HIPAA Security Rule Violations For Disabling Firewall Protections

by Theodore Kobus III | BakerHostetler on 5/22/2013

The U.S. Department of Health and Human Services (HHS) has reported a $400,000 settlement with Idaho State University (ISU) for alleged violations of the Health Insurance Portability and Accountability Act of 1996 (HIPAA)...more

Government RFI on New Cybersecurity Measures for Federal Contracts

by Connie Bertram | Proskauer - Government Contractor Compliance... on 5/21/2013

Last week, the General Services Administration (“GSA”) issued a Request for Information (“RFI”) soliciting comments from federal contractors on the feasibility of incorporating cybersecurity standards into federal...more

Cloud Computing: U.S. Export Controls Reach for the Sky

by Burt Braverman | Davis Wright Tremaine LLP on 5/21/2013

Cloud computing is widespread and growing at a rapid pace in corporate information management because it generally is less expensive and more efficient than using internal corporate resources....more

Business News Digest – May 2013

In this issue: - Does the SEC Like Social Media? Understanding the Application of Regulation FD to Social Media - NIST Holds First Workshop on Executive Order Cybersecurity Framework - Jumpstart Our...more

BYOD Trends and Best Practices: Part 3 of It's 2013. Do You Know Where Your BYOD Policies Are?

by David Johnson, Joshua B. Konvisser | Pillsbury Global Sourcing Practice on 5/21/2013

In Part 3 of "It's 2013. Do You Know Where Your BYOD Policies Are?" we will address developing BYOD trends and best practices. Please check out Part 1 and 2 of this 3-part series addressing employee and employer concerns,...more

$45 Million Cyber-Attack Is Object Lesson From Verizon Study Showing No Business Is Safe, But Financial Institutions Bear Big Data...

by Jeffrey Vagle | Pepper Hamilton LLP on 5/21/2013

Newspapers around the world recently reported that a sophisticated and well-coordinated cyber-attack resulted in the theft of $45 million from thousands of ATMs worldwide....more

SEC Considering More Stringent Requirements For Cybersecurity Disclosures In The Wake Of Stock Manipulating Hacking Case

by Josh Deitz, Stephen Knaster, Katherine Lubin | Orrick - Securities Litigation and Regulatory... on 5/21/2013

Following up on clues earlier this year that the SEC may increase its scrutiny of cybersecurity disclosures, SEC Chairman Mary Jo White has asked the Commission to evaluate current guidance for cybersecurity disclosures and...more

Capital Thinking Updates - May 16, 2013

by Amy Davenport, Tanya DeRivi, Alexis Early, Eugenia Edwards, Jared Fleisher, Norma Krayem, Karen Kudelko, Matthew Kulkin, Jessica Monahan, Amy Budner Smith, Stacy Swanson, Joseph Urso, more +Sarah Vilms, Kristin Wells, Pam Welsh | Patton Boggs LLP on 5/21/2013

In This Issue: - General Legislative - Agriculture and Food - Budget and Appropriations - Cybersecurity - Defense - Education - Energy - Environment - Financial Services - Health...more

Cybersecurity Experts Urge Diligence at Portland Conference

by Bernstein Shur on 5/20/2013

From a Maine nonprofit group's leak of confidential data in February, to the May 9 discovery that a worldwide gang of criminals stole $45 million by hacking into a database of prepaid debit cards, information security...more

House Cybersecurity Information-Sharing Bill Provides Immunity Provisions for Reporting Companies

by Nerissa McGinn | Loeb & Loeb LLP on 5/17/2013

The U.S. House of Representatives passed an amended version of the Cyber Intelligence Sharing and Protection Act (CISPA), with a 288-127 vote. The current version of CISPA (H.R. 624) would provide private-sector companies...more

Big Incentives for Investments in Cybersecurity

by Javier Siervo | Berkeley Research Group, LLC on 5/17/2013

Recently, Maryland Governor Martin O’Malley signed into law the Cybersecurity Investment Incentive Tax Credit. The credit is to be used against the state income tax of a Maryland cybersecurity company. To be eligible for the...more

Cyber Risk Insurance May Cost More Than You Think

by Thomas Caswell, III | Zelle Hofmann Voelbel & Mason LLP on 5/9/2013

Since 2003, all but four states have enacted laws concerning data breaches and the protection of consumers’ personal information. This regulation of electronic data containing personal information and the protection of such...more

REGULATORY: FERC: Notice of Proposed Rulemaking on Bulk Electric System Cyber Security Standards

by King & Spalding on 5/8/2013

On April 18, 2013, the Federal Energy Regulatory Commission (“FERC”) issued a notice of proposed rulemaking (the “NOPR”) stating that it intends to approve Version 5 of the Critical Infrastructure Protection (“CIP”)...more

Insurance Coverage for Cyber Attacks

by Roberta Anderson | K&L Gates LLP on 5/8/2013

There’s no denying that the present-day Internet, while extraordinary, is increasingly scary. Cyber attacks of various types continue to escalate across the globe. As stated by one recent commentator: “Cybercrime is raging...more

Getting It In Writing - The Art of Policy Management

by NAVEX Global on 5/8/2013

Inside this e-Book: - Company Descriptions - Policy Management: From Dilbert to Reality - The Art of Managing Policy Exception Requests - From NAVEX Global: Business Case: The ROI of Policy Management -...more

That’s the Way the Consensus Crumbles: CISPA Splits Natural Allies in High-Tech

by Daniel Corbett, Michael Weil | Orrick - Trade Secrets Group on 5/7/2013

If there’s one thing Americans of all political stripes seem to agree on, it’s the need to thwart cyber-attacks on critical U.S. systems. Just this week, the Pentagon for the first time openly blamed China for hacking U.S....more

NIST Revamps Core Computer Security Guide

by BuckleySandler LLP on 5/7/2013

On April 30, the National Institute of Standards and Technology (NIST) published a substantially revised version of its Special Publication 800-53, “Security and Privacy Controls for Federal Information Systems and...more

Energy Newsletter - May 2013

by King & Spalding on 5/3/2013

In This Issue: - DISPUTE RESOLUTION: - Oil & Gas Litigation: New Decision May Impede Fracking on Federal Land - Intellectual Property: Non-Practicing Entities (Patent Trolls) Target Oil and Gas...more

Small and Mid-Size Companies: Beware of Increased Cybersecurity Threats of Sensitive Tax Information

by Helen Christakos, Brendan Lund | Carr, McClellan, Ingersoll, Thompson & Horn -... on 5/3/2013

Small and mid-size companies electronically transmit an increased amount of sensitive financial information via the Internet to comply with tax compliance obligations....more

The Real Lesson of Chinese Cyberhacking

by Michael Spillner | Orrick - Trade Secrets Group on 5/1/2013

There’s been a lot of news lately about the Chinese military allegedly launching cyber attacks to steal U.S. trade secrets. This has gotten people riled up, including the President of the United States, who issued a 5-point...more

AP Hack Demonstrates the Power of 140 Characters #Twitter

by Donna Ray Berkelhammer | Sands Anderson PC on 4/30/2013

Many small and medium business owners are overwhelmed by the social media choices available to them, and unsure of which might best fit their target clients and markets. Twitter, being a relative new kid on the block, can be...more

Banking & Financial Services E-Note - April 25, 2013

by John Chiles, Benjamin Coulter, Bryan Glover, John Michael Kearns, Mignon Lunsford, Zachary Miller, Jordan Teague | Burr & Forman on 4/26/2013

In This Issue: - Regulators Could Step in with Tougher Rules as Bank Profits Rise - Bill Would Force Study of Basel III Impact on Bank Capital Costs - Regulator Wants Enforcement Powers Against Bank...more

The Legal Issues of Cloud-based Computing Services

by Lisa K. Abe-Oldenburg | Bennett Jones LLP on 4/25/2013

Business leaders are under tremendous pressure to maximize the value of their company's IT and data. Staying on top of the ever-changing technology and tools available today can be daunting and give rise to complex legal...more

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