News & Analysis as of

Chief Information Security Officer (CISO) Cybersecurity Risk Assessment

Accelerynt, Inc.

Trapped in the Vendor Web: When More Vendors Can Mean Less Security

Accelerynt, Inc. on

More vendors were supposed to mean more protection. The thinking was simple: pick the best in every category—endpoint, identity, SIEM, automation—and assemble a flexible, layered defense. But over time, that flexibility...more

NAVEX

Business resiliency needs to take centerstage if you want to keep pace with cyber threats and supply chain disruptions

NAVEX on

2024 was a year of numerous and notable cybersecurity failures – although, to be fair, most years are now marred by numerous and notable cybersecurity failures. That’s no longer anything special. What makes 2024 interesting...more

Mandelbaum Barrett PC

The CISO as a Chess Piece: A Comprehensive Strategic Analysis

Mandelbaum Barrett PC on

Let’s role-play the title “Chief Information Security Officer” (CISO) as various chess pieces, each representing different aspects of the challenges and responsibilities faced in this critical position.  Examining these...more

Holland & Knight LLP

NY Department of Health Bolsters Hospital Cybersecurity Regulations

Holland & Knight LLP on

New York hospitals have less than a year to dust off their Health Insurance Portability and Accountability Act (HIPAA) compliance programs and update them to comply with more stringent and detailed state regulations. Last...more

Lippes Mathias LLP

Hospital Administrators – Is Your Hospital Cyber-Secure?

Lippes Mathias LLP on

On October 2, 2024, New York adopted new regulations requiring general hospitals to implement heightened cybersecurity safeguards. General hospitals, as defined in Article 28 of the NY Public Health Law, generally must begin...more

Carey Olsen

Bermuda corporate and finance update Q2 2024

Carey Olsen on

Our corporate team outline the latest developments within the corporate and finance market in Bermuda including Bermuda’s Corporate Income Tax Act 2023, Cyber risk management and The Bermuda Monetary Authority's enhancements...more

Ankura

Navigating the NY DFS Cybersecurity Amendments: A Timeline for 2024 Through 2025

Ankura on

In December 2023, the New York Department of Financial Services (NY DFS) issued amendments to the cybersecurity requirements, originally adopted in 2017, which include expanded control requirements and stricter reporting...more

Orrick, Herrington & Sutcliffe LLP

RegFi Episode 42: Beyond the Breach: The CISO’s Role as a Strategic Risk Manager

RegFi co-hosts Jerry Buckley and Sherry Safchuk welcome Orrick partner Aravind Swaminathan for a conversation exploring the critical and evolving role of the Chief Information Security Officer in today’s corporate landscape.....more

Ankura

Private Equity Cyber Risk: 6 Vital Tips for Building an Effective Cyber Risk Program With Limited Resources

Ankura on

Portfolio Cyber Risk At The Private Equity (PE) Level - The cyber threat landscape is continuously evolving, and the severity of attacks is showing no signs of slowing down making managing cyber risk a difficult task for...more

Hudson Cook, LLP

New York DFS Finalizes Amendments to Cybersecurity Regulations

Hudson Cook, LLP on

On November 1, 2023 the New York Department of Financial Services ("DFS") released amended cybersecurity regulations ("Regulations"). These changes will impose additional controls, demand more frequent risk assessments, and...more

Mintz - Health Care Viewpoints

New York State Prepares to Regulate Hospital Cybersecurity Programs

On November 13, 2023, Governor Kathy Hochul announced plans to regulate cybersecurity for New York general hospitals regulated under Article 28 of the Public Health Law. As proposed, the regulations will provide an additional...more

Akin Gump Strauss Hauer & Feld LLP

SEC Turning Up the Heat: SolarWinds and Its CISO Charged with Fraud Regarding Cyber-related Disclosures

Key Takeaways - With the SolarWinds enforcement action, the SEC continues to ratchet up its enforcement against companies that fail to properly disclose their cybersecurity incidents and risks. By naming the SolarWinds CISO...more

Jones Day

NYDFS Expands Cybersecurity Regulations: Extortion Payment Reporting, Corporate Governance, and Technical Requirements

Jones Day on

A major amendment to the New York State Department of Financial Services' cybersecurity regulations establishes affirmative cybersecurity oversight duties and requires companies to report extortion payments to the agency....more

Eversheds Sutherland (US) LLP

New York Raises the Bar Again: Revised Cybersecurity Requirements for Financial Services Companies Finalized

On November 1, 2023, the New York Department of Financial Services (NY DFS) published its highly anticipated final amendments to its influential cybersecurity requirements for financial services companies (Part 500)....more

Shook, Hardy & Bacon L.L.P.

New York adds more stringent cybersecurity requirements

The New York Department of Financial Services (NYDFS) released the final amendments to its cybersecurity rules for financial, banking and insurance companies. The changes add obligations for accountability, incident...more

Kramer Levin Naftalis & Frankel LLP

NY Department of Financial Services Finalizes Significant Amendments to Its Cybersecurity Regulations

The New York State Department of Financial Services (NYDFS) adopted comprehensive amendments to its cybersecurity regulations (known as Part 500) on Nov. 1. The draft amendments were first published in July 2022 and finalized...more

Troutman Pepper Locke

NY DFS Amendments to Cybersecurity Regulations

Troutman Pepper Locke on

On November 1, New York Governor Kathy Hochul announced that the state’s Department of Financial Services (NY DFS) has amended its Cybersecurity Regulations to “enhance cyber governance, mitigate risks, and protect New York...more

Morrison & Foerster LLP

A New Frontier for SEC Cybersecurity Enforcement? The SEC Charges SolarWinds and its CISO with Securities Fraud

Earlier this week, the SEC accused SolarWinds Corporation (“SolarWinds” or the “Company”) and its Chief Information Security Officer (“CISO”) of committing scienter-based securities fraud, among other violations, for...more

Paul Hastings LLP

NYDFS Releases Major Update to Part 500 Cybersecurity Requirements for Financial Services Companies

Paul Hastings LLP on

The New York Department of Financial Services (NYDFS) adopted a long-expected amendment to its Part 500 Cybersecurity Regulations (Part 500) this week. These are the first significant changes to Part 500 since its inception...more

BakerHostetler

NYDFS Issues Revised Proposed Second Amendment to Its Cybersecurity Regulation

BakerHostetler on

The New York State Department of Financial Services (NYDFS) recently published a revised proposed second amendment to its cybersecurity regulation, 23 NYCRR 500. ...more

NAVEX

[Webinar] Risk and Process Management Framework: Lessons Learned in Getting Started – Featuring Forrester - June 20th, 10:00 am PT

NAVEX on

Getting a successful risk management program off the ground can be daunting for even the most intrepid information security professionals. It doesn’t have to be rocket science. In this webinar, we’ll explore with guest...more

Woodruff Sawyer

CISOs Under the (Liability) Gun

Woodruff Sawyer on

Chief information security officers (CISOs) face an increased likelihood of legal scrutiny after a significant breach. It’s par for the course for CISOs to be scrutinized when security programs don’t hold up under attack—but...more

Holland & Knight LLP

NYDFS Proposes Amendments to Cybersecurity Regulation

Holland & Knight LLP on

The New York Department of Financial Services (NYDFS) on Nov. 9, 2022, released Proposed Amendments to its Cybersecurity Regulation. The NYDFS Cybersecurity Regulation was one of the first laws requiring companies to comply...more

StoneTurn

Shifting Cyber Landscape – Crisis Awareness as a Means to Prevent and Prepare

StoneTurn on

Crises and uncertainty are inevitable forces in modern business, particularly in cyber and digital. General counsels and legal risk executives are well suited to lead preparedness and resiliency for future crises, uniting key...more

King & Spalding

New York Department of Financial Services Proposes New Cybersecurity Rules

King & Spalding on

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) released Draft Amendments to its Part 500 Cybersecurity Rules, which propose substantial new obligations for the cybersecurity programs of companies...more

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