News & Analysis as of

Cyber Incident Reporting Fraud

Holland & Knight LLP

SEC Enforcement 2024: Year in Review

Holland & Knight LLP on

The dog days of late summer are a frenzied time within the SEC's Division of Enforcement as staff work feverishly to complete their investigations and secure the requisite yes vote from a majority of commissioners to...more

Morrison & Foerster LLP

Top 5 SEC Enforcement Developments for May 2024

Each month, we publish a roundup of the most important SEC enforcement developments for busy in-house lawyers and compliance professionals. This month, we examine: •The permanent suspension of an audit firm and its owner for...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

Morrison & Foerster LLP

Top 5 SEC Enforcement Developments for March 2023

In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important SEC enforcement developments from the past month, with links to primary resources...more

Ankura

When Did You Last Test Your Cyber Incident Response Plan?

Ankura on

A cyber incident response plan is a set of guidelines and protocols designed to help an organization detect, respond, contain, and manage any form of a cybersecurity breach. It outlines how best to safeguard the organization...more

Bass, Berry & Sims PLC

First False Claims Act Settlement under DOJ’s Cyber-Fraud Initiative

Bass, Berry & Sims PLC on

On March 8, the Department of Justice (DOJ) announced the first settlement under its Civil Cyber-Fraud Initiative, as Comprehensive Health Services, LLC (CHS), a global medical services provider, agreed to pay $930,000 in...more

King & Spalding

DOJ Announces Civil Cyber-Fraud Initiative to Use False Claims Act to Enforce Cybersecurity Standards in Government Contracts

King & Spalding on

FCA ENFORCEMENT SHIFT - On October 6, the Deputy Attorney General (“DAG”) announced a new Department of Justice (“DOJ”) Civil Cyber-Fraud Initiative – an effort that pulls together attorneys and experts across DOJ focused on...more

WilmerHale

DOJ Launches “Civil Cyber Fraud Initiative” to Use the False Claims Act to Address Cybersecurity-Related Conduct

WilmerHale on

The US Department of Justice (DOJ) recently announced plans to use the False Claims Act (FCA) to pursue cybersecurity-related fraud by government contractors, subcontractors and grant recipients, including for providing...more

Stinson - Government Contracting Matters

A Sea Change in Handling of Government Contractor Cyber Incident Reporting?

In the wake of increasing cybersecurity threats and incidents, the U.S. Department of Defense (DoD) amended its Federal Acquisition Regulation Supplement (DFARS) in 2015 to issue the 252.204-7012, Safeguarding Covered Defense...more

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