There is little doubt that the U.S. Securities and Exchange Commission is making cybersecurity a top priority. SEC Chair Gary Gensler told a Senate committee on Tuesday, September 14, 2021 that the agency is developing a...more
9/16/2021
/ Broker-Dealer ,
Cyber Attacks ,
Cyber Incident Reporting ,
Cyber Threats ,
Cybersecurity ,
Data Breach ,
Data Breach Plans ,
Data Protection ,
Data Security ,
Enforcement Actions ,
Information Security ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Investment Firms ,
Personally Identifiable Information ,
Phishing Scams ,
Policies and Procedures ,
Regulation S-P ,
Safeguards Rule ,
Sanctions ,
Securities and Exchange Commission (SEC)
In early March, the New York State Department of Financial Services (“NYDFS”) announced a consent order that required Maine-based mortgage servicer Residential Mortgage Services, Inc. (“Residential”) to pay a $1.5 million...more
3/23/2021
/ Banking Sector ,
Business E-Mail Compromise (BEC) ,
Consent Order ,
Covered Entities ,
Cyber Incident Reporting ,
Cybersecurity ,
Data Breach ,
Data Security ,
Failure to Report ,
Financial Institutions ,
Financial Services Industry ,
Mortgage Servicers ,
Non-Public Information ,
NYDFS ,
Personally Identifiable Information ,
Sensitive Personal Information
On December 15, 2020, Ireland’s Data Protection Commission (“DPC”) announced its decision to fine Twitter International Company (“Twitter”) €450,000 for failing to notify the DPC promptly of a data breach affecting EU...more
1/20/2021
/ Cyber Incident Reporting ,
Cybersecurity ,
Data Breach ,
Data Controller ,
Data Processors ,
Data Protection ,
Data Protection Commissioner ,
Data Security ,
EU ,
Failure to Notify ,
General Data Protection Regulation (GDPR) ,
Personal Data ,
Policies and Procedures ,
Twitter
It has been said that there are two types of companies in the world – those that have been hacked, and those that do not yet know they have been hacked. While perhaps an overstatement, it seems that every day, another company...more
6/13/2016
/ Cyber Attacks ,
Cyber Insurance ,
Cyber Threats ,
Cybersecurity ,
D&O Insurance ,
Data Breach ,
Data Protection ,
E&O Insurance ,
Policy Exclusions ,
Popular ,
Risk Assessment