News & Analysis as of

National Institute of Standards and Technology Chief Information Security Officer (CISO)

Blank Rome LLP

Court Dismisses Most of SEC’s Cyber Case Against SolarWinds

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In an impactful decision that may limit the scope of future Securities and Exchange Commission (“SEC”) enforcement efforts against public companies over inadequate cyber controls, the U.S. District Court for the Southern...more

Alston & Bird

First of Its Kind: Federal Court Dismisses Majority of SEC’s SolarWinds Action but Maintains Claims Against CISO Defendant

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The Securities and Exchange Commission’s cybersecurity-related case against SolarWinds and its CISO was largely dismissed, but a securities fraud claim against the CISO lives on. Our Securities Litigation, Privacy, Cyber &...more

Davis Wright Tremaine LLP

District Court Dismisses Majority of SEC Complaint Against SolarWinds and Its CISO

The U.S. District Court for the Southern District of New York has dealt a significant blow to the cybersecurity enforcement efforts of the U.S. Securities and Exchange Commission (SEC or Commission). In its July 18, 2024,...more

Holland & Knight LLP

Court in SolarWinds Case Blows Down SEC's Cyber Enforcement Authority

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The U.S. District Court for the Southern District of New York on July 18, 2024, dismissed most of the SEC's landmark cyber enforcement litigation against SolarWinds Corp. (SolarWinds or the Company) and the Company's Chief...more

Jenner & Block

Client Alert: Takeaways from SEC v. SolarWinds Motion to Dismiss Hearing

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The SEC’s high-profile litigation against SolarWinds and its Chief Information Security Officer (CISO), Timothy Brown, reached a critical juncture on May 15, 2024, when the parties presented oral arguments before Judge Paul...more

NAVEX

Using the NIST CSF for Strong Cybersecurity Compliance

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Corporations have struggled to manage cybersecurity risk for years, and now they have a new tool to help them bring order to chaos: a new and improved cybersecurity risk management framework, released at the end of February...more

Constangy, Brooks, Smith & Prophete, LLP

SolarWinds case could establish SEC liability for CISOs

On October 30, 2023, the Securities and Exchange Commission filed a securities fraud claim in federal court in the Southern District of New York against SolarWinds Corporation as well as its Chief Information Security...more

Orrick, Herrington & Sutcliffe LLP

The SEC’s Fraud Suit Against SolarWinds: 3 Cybersecurity Action Items for Companies to Consider

The U.S. Securities and Exchange Commission (SEC) has filed a fraud suit against SolarWinds and its chief information security officer (CISO), alleging they made false statements regarding the company’s security practices and...more

Bradley Arant Boult Cummings LLP

Federal Government Continues Its Big Push for Cybersecurity with SEC Action Against SolarWinds and Its CISO

On October 30, 2023, the Securities and Exchange Commission (SEC) announced a civil suit against SolarWinds and their chief information security officer (CISO) for fraudulent cybersecurity information. The SEC claims that...more

Davis Wright Tremaine LLP

SEC's Charges Against SolarWinds and Its CISO Highlight Emerging Risks for Public Companies, Security Professionals

The U.S. Securities and Exchange Commission ("SEC") has charged SolarWinds Corp. (SolarWinds) and the company's chief information security officer ("CISO") with securities fraud and violations of internal controls...more

White & Case LLP

The SEC’s Charges Against SolarWinds and its Chief Information Security Officer Provide Important Cybersecurity Lessons for Public...

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On October 30, 2023, the US Securities and Exchange Commission ("SEC") announced that it filed charges against SolarWinds Corp. ("SolarWinds" or the "Company") and its Chief Information Security Officer ("CISO") in connection...more

Morrison & Foerster LLP

A New Frontier for SEC Cybersecurity Enforcement? The SEC Charges SolarWinds and its CISO with Securities Fraud

Earlier this week, the SEC accused SolarWinds Corporation (“SolarWinds” or the “Company”) and its Chief Information Security Officer (“CISO”) of committing scienter-based securities fraud, among other violations, for...more

BakerHostetler

NYDFS Issues Revised Proposed Second Amendment to Its Cybersecurity Regulation

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The New York State Department of Financial Services (NYDFS) recently published a revised proposed second amendment to its cybersecurity regulation, 23 NYCRR 500. ...more

Ankura

[Webinar] CMMC – Practical Solutions to Managing and Securing CUI Data, Perspectives of a Foreign Defense Contractor - November...

Ankura on

Currently defense contractors who receive or create Controlled Unclassified Information (“CUI”) from or for the U.S. Department of Defense (“DoD”) are subject to several contract-based cybersecurity requirements, including...more

NAVEX

CMMC Is Coming: How Government Contractors Can Prepare

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People like to say that cybersecurity threats are constantly evolving. So perhaps it’s fitting that cybersecurity compliance is undergoing a significant evolution of its own this year, too. That evolution is the arrival of...more

NAVEX

4 Things to Know About Updated NIST 800-53 Standards

NAVEX on

[author: Matt Kelly] In September 2020 the National Institute of Standards and Technology (NIST) unveiled the fifth version of its cybersecurity standard formally known as SP 800-53, “Security and Privacy Controls for...more

Robinson+Cole Data Privacy + Security Insider

Privacy, Security and Data Loss Prevention

I always enjoy hosting and participating in the CISO Executive Network meetings. The meetings offer Chief Information Security Officers (CISOs) the opportunity to discuss together ways they can improve security in their...more

Patterson Belknap Webb & Tyler LLP

NYS Cyber Regulation Countdown: Continuous Monitoring

In our series of posts leading up to the August 28th deadline for the first phase of requirements under New York’s cybersecurity regulation, the Patterson Belknap team looks at issues that institutions face as they implement...more

Proskauer on Privacy

Financial Industry Groups Criticize New York Department of Financial Services Cybersecurity Proposal

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As we previously reported, in September 2016 the New York Department of Financial Services (the “DFS”) proposed a regulation that would require banks, insurance companies and other financial services institutions regulated by...more

Orrick, Herrington & Sutcliffe LLP

Cybersecurity, Boards and Cyber-Board "Experts": Caution Should Rule

A continuing frequent question from public companies is how a board should be constituted to oversee cybersecurity. Many public companies foist this additional burden on the audit committee. Those large enough to have a...more

Cooley LLP

Alert: The 'New' Cybersecurity National Action Plan

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The Obama administration has introduced its Cybersecurity National Action Plan (the "CNAP") in connection with its 2017 budget proposal. The CNAP aims to protect Americans, government agencies, and companies against the...more

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