News & Analysis as of

Business Continuity Plans Cybersecurity

Mitratech Holdings, Inc

The Crucial Role of Business Impact Analysis (BIA) in Cyber Resilience

Cyber threats aren’t a distant possibility — they’re a daily reality. And according to IBM’s Cost of a Data Breach Report, they’re costing businesses more than ever. The global average data breach cost has surged to $4.88...more

Mitratech Holdings, Inc

5 Common Pitfalls in IT Disaster Recovery (and How to Avoid Them)

Even the strongest IT/DR plans can fail if they aren’t proactive about avoiding these common mistakes. When systems go down, business grinds to a halt. Downtime leads to $9,000 in losses per minute on average, damaged...more

Mitratech Holdings, Inc

Red Flags In Your Vendor’s Business Continuity Plan

Ensure your vendors are crisis-ready by recognizing these key indicators of weak continuity planning. The interconnected nature of modern business means that your vendors’ operational resilience can, and frequently does,...more

Mitratech Holdings, Inc

BCP & IT/DR: Why Your Business Continuity Strategy Needs Both

Balancing Business Continuity and IT Disaster Recovery is crucial for robust organizational resilience. So, how does your organization integrate both strategies for maximum impact?...more

Troutman Pepper Locke

6 Tips for Cos. Facing Service Provider Cyber Incidents

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It is no secret that ransomware dominates headlines, and cybersecurity incidents have become part of our everyday language. However, the criminal “business model” behind ransomware keeps evolving. Originally published in...more

Mitratech Holdings, Inc

Aligning your cyber risk management program with your company’s bottom line

The key to gaining buy-in for your cyber risk roadmap under tightening budgets and staffing challenges. This statement should come as no surprise: there’s been an alarming rise in the number and sophistication of cyber...more

ArentFox Schiff

New York Pushes For New Cybersecurity Requirements For Financial Services Companies

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The New York State Department of Financial Services (DFS) has set forth a revised proposed second amendment to 11 NYCRR Part 500, the regulation regarding cybersecurity requirements for financial services companies (the...more

Mitratech Holdings, Inc

[Webinar] Expert Perspectives: Implementing DORA, Mastering the Challenges and Opportunities - May 17th, 9:00 am ET

DORA is set to transform how European based Financial Institutions enhance the operational resilience of their critical business processes. With an implementation date of 17th January 2025 the evolving nature of the...more

BakerHostetler

NYDFS Proposed Amendments to Its Cybersecurity Rules

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​​​​​​​On July 29, the New York Department of Financial Services (NYDFS) released Draft Amendments to its Part 500 Cybersecurity Rules that include a number of significant amendments to the rules, including notification...more

Woodruff Sawyer

6 Things Underwriters Look for in Your Ransomware Protection

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While the early days of cyber insurance were often marked by rapid expansion and low losses, recent years have seen the industry weather a vast increase in not just the number of claims but also the severity. The growing...more

Woods Rogers

Cybersecurity Awareness Month: Tips On Practicing Basic Cyber Hygiene

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In our first article to kick off Cybersecurity Awareness Month, we will discuss some steps businesses can take to improve their cyber hygiene.  Over the past few years, some of the largest and well-known companies have been...more

Burr & Forman

FINRA Vendor-Management Guidance: You Can’t Outsource Responsibility

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On August 13, 2021, the Financial Industry Regulatory Authority (“FINRA”) issued Regulatory Notice 21-29, collecting guidance on outsourcing and vendor management.  The Notice was prompted by increased reliance on outsourcing...more

BCLP

Supervision of Vendors When Outsourcing - The Buck Stops with FINRA Member Firms

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Key Takeaways: ..On August 13, 2021, FINRA issued Regulatory Notice 21-29 (“RN 21-29”) to remind member firms that they must establish and maintain an adequate supervisory system, including written supervisory procedures...more

Opportune LLP

Top 4 Tips When Creating Your Business Continuity Plan

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Find out why developing and continually maintaining a business continuity plan can help energy companies better prepare for unexpected disturbances....more

Woods Rogers

Colonial Pipeline – A Ransomware Attack Hits Close To Home

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If you had never heard of the Colonial Pipeline Company before this week, chances are that you have heard about it now.  Sitting in your car waiting in long lines to fill up at your local gas station hoping they don’t run out...more

Bennett Jones LLP

Crisis and Risk Management Survey 2020 Summary of Findings

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To learn more about the current state of crisis and risk management, Bennett Jones commissioned an independent survey by Environics to understand what corporate concerns are most pressing for Canadian general counsel and...more

American Conference Institute (ACI)

[Virtual Event] Crown Corporate Governance Annual Conference - January 19th - 20th, 10:15 am - 6:00 pm EST

Practical Strategies for Board Oversight of Government-Owned Entities and Agencies. The CI’s 16th Annual Conference on Crown Corporate Governance returns in a completely interactive virtual format to help you navigate a...more

Miller Canfield

Risks For RIA Firms in a COVID World

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In light of COVID-19, the U.S. Securities and Exchange Commission ("SEC"), recognizing that RIA Firms are facing operational, technological, commercial and other issues, has also outlined "regulatory and compliance questions...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - October 2020

Robinson & Cole LLP on

CYBERSECURITY - OFAC Issues Advisory on Sanctions for Facilitating Ransomware Payments - On October 1, 2020, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory “to...more

Robinson+Cole Data Privacy + Security Insider

The Importance of Focusing on Data Recovery and Business Continuity

In the wake of the increase in ransomware attacks, including data exfiltration prior to or during a ransomware attack, I think it is worth the time and resources to focus on data recovery and business continuity....more

Akin Gump Strauss Hauer & Feld LLP

SEC Risk Alert Highlights on COVID-19-Related Compliance Risks and Considerations for Investment Advisers and Broker-Dealers

- The OCIE of the SEC highlights that responses to COVID-19 present important regulatory and compliance issues for SEC registrants, including “heightened risks of misconduct” tied to recent market volatility. - The Risk...more

Perkins Coie

OCIE Raises Concerns Regarding Physical and Cyber Security, Supervision, and Business Continuity

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The Office of Compliance Inspections and Examinations (OCIE) of the U.S. Securities and Exchange Commission (the SEC) issued a risk alert (the risk alert) on August 12, 2020, highlighting COVID-19 pandemic-related risks and...more

King & Spalding

SEC Examiners Warn of COVID-Related Compliance Risks for Broker-Dealers and Investment Advisers

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The Securities and Exchange Commission (“SEC”) last week published its observations from the first five months operating the SEC’s national examination program during the ongoing COVID-19 pandemic. This is the latest...more

Mitratech Holdings, Inc

Privacy, Pandemics, and Business Change…OH MY!!!

Economic uncertainty, health and safety, work from home, IT security issues, continuity, and operational resiliency…it is like an intricate pattern of dominos falling over....more

Shumaker, Loop & Kendrick, LLP

Client Alert: Employer Considerations for Remote Workers During and After COVID-19

Many employers found themselves supporting a remote workforce during the COVID-19 pandemic as they adapted quickly to stay-at-home orders and social distancing guidelines. As employers contemplate and implement a...more

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