News & Analysis as of

NIST Draft Guide Advances the Debate on Cybersecurity Issues

Private sector entities looking to comment on the draft should focus on its recommendations surrounding sharing communities, standardized transfer mechanisms, and the handling of corporate legal considerations....more

The big data security risks of little things

We've focused so much about Big Brother and Big Data that we may be missing the real data security threat — little things. A tremendous data flow is being generated from the so-called Internet of Things, the interconnected...more

Intro to Cybersecurity Framework: New Mandatory NIST Standards for Government Contractors?

Cybersecurity remains one of the most important and least understood issues of the day. Last week, the National Institute of Standards and Technology (NIST) hosted a workshop in Tampa, Florida, to receive private sector...more

NIST Framework as Basis for Standard of Care for Cyber Security

When the National Institute of Standards and Technology (“NIST”) released its Cybersecurity Framework for Improving Critical Infrastructure Cybersecurity (the “Framework”), (a priority program for the federal Department of...more

SIFMA Issues Cybersecurity Regulatory Principles

Does everyone feel compelled to comment on cybersecurity issues? It seems that way. And on October 20th the Securities Industry and Financial Markets Association jumped deeper into the fray when it issued its Principles for...more

A Different Kind of “Virus”: FDA Follows NIST Framework in Cybersecurity Guidance for Medical Devices

In past posts we’ve taken a close look at the Framework for Improving Critical Infrastructure Cybersecurity put forth by the National Institute of Standards and Technology (NIST), exploring its wide-ranging implications for...more

NIST RFI to Solicit Feedback on Cybersecurity Framework Closing: Good Opportunity to Assess Suggestions and Concerns

On Friday, October 10th, an opportunity to submit comments on a Request for Information concerning awareness and implementation of the “Framework for Improving Critical Infrastructure Cybersecurity” closes. Companies of all...more

“LoProCo”, 12,915 Complaints, and Other Lessons from OCR/NIST

12,915 complaints were reported in 2013 to the Department of Health and Human Services Office of Civil Rights (“OCR”) according to Illiana L. Peters, Senior Adviser for HIPAA Compliance and Enforcement. Cozen O’Connor...more

Privacy & Cybersecurity Update - August 2014

In This Issue: - NIST Announces October Workshop and Releases Framewok Update - Insurance Company Succeeds in Cybersecurity Litigation - Safe Harbor Under Attack — This Time From a US Group -...more

NIST Seeks Comments on Cybersecurity Framework

The National Institute of Standards and Technology (NIST), publishers of the Framework for Improving Critical Infrastructure Cybersecurity (the “Framework”) last February, have published a Request for Information in the...more

House Passes Three Bipartisan Cybersecurity Bills to Protect Critical Infrastructure

On July 28, 2014, the House of Representatives passed three bills aimed at enhancing the cybersecurity efforts of the Department of Homeland Security (DHS) in certain critical infrastructure sectors, including the energy...more

Capital Thinking: Cybersecurity

Legislative Branch Activity - House Cybersecurity Legislation - This week, the House will consider four pieces of cybersecurity legislation on the floor including the National Cybersecurity and Critical...more

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

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