News & Analysis as of

Capital Thinking: Cybersecurity

Legislative Branch Activity - Cybersecurity Legislation - Last week, the Senate Permanent Select Committee on Intelligence held a closed session to mark up the Cybersecurity Information Sharing Act (CISA) which...more

Cybersecurity: Having a Privacy Policy is Not Enough

With the rash of significant data security incidents that occurred in 2013 and have continued to this day, it is increasingly important for companies to have an updated cybersecurity preparedness plan. The World Economic...more

Commissioner Aguilar Addresses Boards’ Focus on Cybersecurity

One June 10th SEC Commissioner Luis Aguilar made a speech before the New York Stock Exchange, and he took the opportunity to discuss good corporate governance as it relates to cybersecurity and boards of directors....more

Survey Shows U.S. Organizations Need More Improvement To Counter Cybercriminals

Despite a surge in both the number of detected cybersecurity incidents and the financial costs associated with such breaches, a new report shows that U.S. organizations lack the necessary defenses to effectively counter...more

Government Officials Continue to Reference NIST Framework

On Thursday, June 12, 2014, while delivering remarks on cybersecurity at the American Enterprise Institute in Washington, D.C., Federal Communications Commission Chairman Tom Wheeler challenged businesses to be more proactive...more

Commissioner Aguilar Shares His Views on Directors’ Oversight of Cyber-Risk Management

On June 10, 2014, Commissioner Luis A. Aguilar spoke at a NYSE conference, “Cyber Risks and the Boardroom,” about what boards of directors should do to ensure that their companies are appropriately considering and addressing...more

Calling All Boards of Directors: Four Recommendations from the SEC

SEC Commissioner Luis Aguilar recently spoke at the New York Stock Exchange Conference “Cyber Risks and the Boardroom.” In his speech, Commissioner Aguilar emphasized the importance of cybersecurity and how fast the need for...more

SEC Commissioner Calls on Corporate Boards to Address Cybersecurity—Refers to NIST Cyber Framework as “the Bible”

While attending the "Cyber Risks and the Boardroom" Conference at the New York Stock Exchange on Tuesday, June 10, 2014, U.S. Securities and Exchange Commissioner Luis Aguilar called on corporate boards to make sure they are...more

Will the Cybersecurity Framework Create a New Standard Operating Procedure for Businesses?

On February 12, 2013, President Barack Obama issued Executive Order 13636 (EO 13636) entitled “Improving Critical Infrastructure Cybersecurity.”EO 13636 noted the importance of cybersecurity for the nation’s security and...more

The SEC’s Cybersecurity Assessment: A Roadmap for Companies Nationwide

The U.S. Securities & Exchange Commission (SEC) provided cybersecurity guidance to the securities industry in the form of a Risk Alert issued by the SEC’s Office of Compliance Inspections and Examinations (OCIE) on April 15,...more

Broker-Dealers and Investment Advisers Now Targeted by Both Cyber Intruders and SEC Cybersecurity Examiners

Cybersecurity has increasingly become a critical issue for all types of businesses, few more so than broker-dealers, investment advisers and others in the financial sector. The cyber threat is much broader than customer data...more

The NIST Cybersecurity Framework: Four Takeaways For The Energy Industry

On February 12, 2014, the Commerce Department’s National Institute of Standards and Technology (NIST) released its “Framework for Improving Critical Infrastructure Cybersecurity” (the “Framework”). Developed jointly by...more

Trendy “Cybersecurity” Versus Traditional “Information Security” Two Sides of the Same Security Coin

Cybersecurity has become a dominant topic of the day. The Snowden revelations, the mega-data breaches of 2013, the pervasiveness of invisible online “tracking” and the proliferation of “ data broker” trading in personal data...more

The SAFETY Act: Providing Critical Liability Protections for Cyber and Physical Security Efforts

Since September 11, 2001, Americans have been keenly aware of the need to better protect both the people and assets of the United States from those who may be intent on doing us harm. We have seen, and largely accepted,...more

New Cybersecurity Framework Revealed

The framework provides standards and best practices for identifying, assessing, and managing cybersecurity risk. Now that the Obama administration has unveiled the final version of its anticipated Cybersecurity...more

Cybersecurity Is Not Just an IT Issue; It’s an IG Issue

For leaders and counsel in many organizations, the word “cybersecurity” typically triggers concerns about the IT department, conjuring images of hackers and requiring unfamiliar terminology such as “firewalls” and...more

Cybersecurity Assessments – Using the Tool Well

Are you considering a cybersecurity assessment? If you heard Venable's presentation, "New Cybersecurity Framework Released: What You Need to Know," you might be. The Framework places increased emphasis on...more

The New Cybersecurity Framework—A Roadmap for All Companies

The recent string of well-publicized data breaches has demonstrated that cyber criminals are targeting companies of all sizes and in all industries. Even companies with the most sophisticated security systems admit that the...more

With Cyberattacks on the Rise, White House Releases Cybersecurity Framework

Given the apparent vulnerabilities evidenced by recent cyberattacks to big-box retailers, cybersecurity remains a top priority for both the federal government and private sector. On February 12, the National Institute of...more

California AG Weighs in on Cybersecurity

Just as NIST completes its version 1.0 national Framework for Improving Critical Infrastructure Cybersecurity, California Attorney General Kamala Harris has made clear she intends a leadership role for California. With a...more

California Bill Would Create Cyber Security Commission

In recognition of the increasing threat that cyber-attacks pose to the state's infrastructure and the considerable costs that government and private sectors are estimated to spend on cyber security (more than $70 billion...more

The Download - February 2014

In this issue: - Heard on the Hill - Around the Agencies - White House Developments - Venable News - Excerpt from Heard on the Hill: Congress Holds Hearings on Preventing Data...more

NIST Issues Cybersecurity Framework

On February 12, 2014, the Obama administration released the "Framework for Improving Critical Infrastructure Cybersecurity" (the "Framework"), a voluntary cybersecurity framework developed by the National Institute of...more

Cybersecurity Update – How Are You Impacted?

On February 12, 2014, the Obama Administration released the long-awaited Cybersecurity Framework: “a voluntary how-to guide for organizations in the critical infrastructure community to enhance their cybersecurity” (the...more

Privacy & Cybersecurity Update - February 2014

In This Issue: - NIST Releases Final Framework Document ..Key Changes From The Preliminary Framework ..The Framework Roadmap ..The DHS “C-Cubed” Program ..Next Steps - California Suggests Upper...more

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