Last week the FBI Director, CISA Director, NSA Director, and National Cyber Director testified publicly about current and ongoing threats to US critical infrastructure providers by Chinese state-sponsored entities known as...more
2/9/2024
/ China ,
Congressional Investigations & Hearings ,
Critical Infrastructure Sectors ,
Cyber Attacks ,
Cyber Threats ,
Cybersecurity ,
Cybersecurity Information Sharing Act (CISA) ,
FBI ,
National Security Agency (NSA) ,
Popular ,
State Sponsors of Cyberattacks
On November 17, 2023, the United States Treasury Department’s Federal Insurance Office (FIO) and the Volatility and Risk Institute at the NYU Stern School of Business jointly hosted a conference on Catastrophic Cyber Risk and...more
US financial services regulators are continuing to enhance cyber reporting requirements in response to increasing geopolitical tensions, emerging technologies, the proliferation of cyber-attacks, and larger market events....more
4/28/2023
/ Broker-Dealer ,
CFTC ,
Cyber Attacks ,
Cyber Threats ,
Cybersecurity ,
Financial Regulatory Agencies ,
Financial Services Industry ,
Personal Data ,
Publicly-Traded Companies ,
Regulation S-P ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Sensitive Personal Information
Lloyds Market Bulletin Y5381 -
Back in March 2022, we detailed the significant risks to both insureds and insurers posed by unclear cyber insurance policy wordings, with a particular focus on war exclusion clauses in the...more
Experts estimate that within the next decade or so, adversaries will have the capacity to use quantum computing to break the encryption on virtually all existing digital databases. This is why it is highly significant...more
The Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA), passed as part of the omnibus spending bill on March 15, 2022, will require critical infrastructure companies - which could include financial...more
Companies should be aware that, as a result of increasing geopolitical instability, there is a heightened risk of cyber-attacks. Particularly in light of the Merck case, they should therefore consider closely examining the...more
3/16/2022
/ Commercial Insurance Policies ,
Cyber Attacks ,
Cyber Crimes ,
Cyber Insurance ,
Cybersecurity ,
Malware ,
Military Conflict ,
Policy Exclusions ,
Policy Terms ,
Russia ,
Ukraine
Amidst the ever-worsening onslaught of cyberattacks, companies are longing to go on the offensive, whether by “hacking-back” or by going after malicious actors in United States courts. While Congress has previously refused to...more
The massive SolarWinds security breach, which affected not only the private sector, but federal, state and local governments, has caused some to question whether to share data with the government. On Friday, December 18, the...more
Many general counsels, as well as their privacy and cybersecurity teams, are understandably focused on their company’s coronavirus safety measures - and that is good news to the hackers.
Hackers thrive amidst confusion and...more
On June 27, 2017, hackers struck vulnerable businesses around the world with a new version of the “Petya” ransomware. This major cyberattack has disrupted utilities, shipping companies, law firms and other businesses across...more