In the chaos following a cyberattack, forensic reports are often pulled together under intense pressure and can assist companies in responding to and remediating the incident. However, if you're not careful, these reports...more
5/20/2025
/ Attorney-Client Privilege ,
Class Action ,
Corporate Counsel ,
Cybersecurity ,
Data Breach ,
Discovery ,
e-Discovery ,
Evidence ,
Forensic Examination ,
Litigation Strategies ,
Risk Management
In today's fast-paced digital world, businesses often seek to access a global pool of skilled professionals by turning to remote talent to fill gaps in their IT needs. Although this practice has many advantages, it also...more
12/20/2024
/ Background Checks ,
Cyber Attacks ,
Cyber Crimes ,
Cyber Threats ,
Cybersecurity ,
Data Protection ,
Employer Liability Issues ,
Hiring & Firing ,
Information Technology ,
Non-Disclosure Agreement ,
North Korea ,
Remote Working ,
Risk Management
California is making waves with its new AI law, Assembly Bill 2013 (AB 2013), set to take effect in 2026. This groundbreaking legislation (again) puts the state at the forefront of tech regulation by tackling one of AI's...more
12/4/2024
/ Algorithms ,
Artificial Intelligence ,
Bias ,
California ,
Copyright ,
Corporate Counsel ,
Cybersecurity ,
Data Management ,
Deep Fake ,
Innovative Technology ,
Machine Learning ,
New Legislation ,
Popular ,
Technology Sector ,
Transparency
The conclusion of Cybersecurity Awareness Month is a reminder of the importance for organizations to implement robust security measures and promote good cyber hygiene. As we noted in our State of the Cyber Landscape webinar,...more
11/6/2024
/ Best Practices ,
Cyber Attacks ,
Cyber Threats ,
Cybersecurity ,
Cybersecurity Framework ,
Data Privacy ,
Data Protection ,
Data Security ,
Incident Response Plans ,
Risk Assessment ,
Risk Management
The New York Department of Financial Services (NYDFS) issued new guidance (the Guidance) on October 16, 2024, to help state-regulated financial institutions mitigate the myriads of cybersecurity risks posed by artificial...more
10/22/2024
/ Artificial Intelligence ,
Corporate Counsel ,
Cyber Attacks ,
Cyber Threats ,
Cybersecurity ,
Data Management ,
Data Privacy ,
Financial Institutions ,
Financial Services Industry ,
Machine Learning ,
NYDFS ,
Risk Assessment ,
Risk Management
In this era of big data, smart devices, and constant connectivity, the clock's already ticking on your next data breach – it's just a matter of time. For companies of all sizes and across every industry, the stakes have never...more
October is here, and as we prepare for pumpkin spice lattes, fall sweaters, and scary decorations, there's one thing your business can't afford to ignore this month: cybersecurity. Welcome to Hack-tober, or as it's officially...more
The financial services industry has seen a litany of new data privacy and cybersecurity challenges through the first half of 2024. Financial institutions are facing unprecedented compliance hurdles resulting from the...more
6/3/2024
/ Artificial Intelligence ,
Continuing Legal Education ,
Cyber Incident Reporting ,
Cybersecurity ,
Cybersecurity Information Sharing Act (CISA) ,
Data Breach ,
Data Privacy ,
Disclosure Requirements ,
Enforcement Actions ,
Financial Institutions ,
Financial Services Industry ,
Incident Response Plans ,
New Guidance ,
New Regulations ,
New Rules ,
Notice of Proposed Rulemaking (NOPR) ,
Notification Requirements ,
Regulation S-P ,
Reporting Requirements ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
State Privacy Laws ,
Third-Party Risk ,
Webinars
In recognition of International Privacy Day on January 28, we wanted to share some insights on the top privacy and cybersecurity issues for the new year. Data privacy and cybersecurity will continue to be one of the most...more
1/29/2024
/ Artificial Intelligence ,
Compliance ,
Consumer Privacy Rights ,
Cyber Threats ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
Deep Fake ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Incident Response Plans ,
Personal Information ,
Policies and Procedures ,
Popular ,
Ransomware ,
Reporting Requirements ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
State Privacy Laws ,
Supply Chain
Fraudulent activity in the financial industry is nothing new. The techniques employed by fraudsters have ranged from fake check fraud and credit card fraud to identity theft and financial account takeovers. For years,...more
On May 31, 2023, renowned managed file transfer solution provider Ipswitch, Inc. revealed a zero-day vulnerability in its flagship solution, MOVEit Transfer, that can enable mass data theft from thousands of organizations....more
The Securities and Exchange Commission (SEC) continued its focus on cybersecurity regulations this month by announcing three new proposed rules and re-opening the comment period on an additional proposed rule from last year....more
The National Credit Union Administration (NCUA) has approved new cyber incident reporting requirements for credit unions. Under the final rule, federally insured credit unions will be required to notify the NCUA of a...more
On multiple fronts, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) continue to increase their focus on cybersecurity. This is understandable as headlines of recent...more
The New York Department of Financial Services (NYDFS) has become a frequent topic of these alerts. In recent weeks we have covered multiple actions from the regulator, including its first enforcement action, its SolarWinds...more
We've all heard a lot about cybersecurity risks and how cyberattacks have dramatically increased since COVID-19 changed our daily work environments. A recent attack has resulted in the demise of a hedge fund and illustrates...more
New York remains extremely active in the cybersecurity and data protection arena. As we have recently discussed, New York is considering a proposed privacy bill that would greatly enhance consumer privacy rights, increase...more
The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (FRB), and the Federal Deposit Insurance Company (FDIC), have issued a notice of proposed rulemaking (Proposed Rule) that would require a banking...more
1/13/2021
/ Banking Sector ,
Breach Notification Rule ,
Cyber Attacks ,
Cyber Threats ,
Cybersecurity ,
Data Breach ,
Data Protection ,
FDIC ,
Notification Requirements ,
OCC ,
Proposed Rules
The financial services industry faced unprecedented cybersecurity and privacy challenges in 2020. From learning how to operate with a remote workforce, dealing with a complex and evolving regulatory environment, facing an...more
Last week, the New York Department of Financial Services (NYDFS) filed its first enforcement action against a title insurance company (the company) alleging multiple violations of its Cybersecurity Regulation. New York's...more
On August 28, 2019, the Federal Financial Institutions Examination Council (FFIEC) issued a press release encouraging organizations to utilize a standardized approach to assess and improve cybersecurity preparedness. ...more
It should not be surprising to anyone that cybersecurity and data protection remain top priorities for regulators of the financial services industry. Indeed, cybersecurity has been regularly identified as a key priority by...more
5/3/2019
/ Broker-Dealer ,
Customer Information ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
Investment Adviser ,
OCIE ,
Opt-Outs ,
Policies and Procedures ,
Popular ,
Privacy Policy ,
Regulation S-P ,
Risk Alert ,
Securities and Exchange Commission (SEC)
Each year, both the United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) issue guidance concerning their regulatory priorities for the coming year. ...more
On April 24, 2018, the U.S. Securities and Exchange Commission (SEC) fined Altaba Inc. – formerly known as Yahoo – $35 million for failing to disclose a substantial data breach and cyberattack that occurred in December 2014....more
Each year, both the United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) issue guidance concerning their regulatory priorities for the coming year. This year, FINRA...more