News & Analysis as of May 18, 2025

Risk Assessment

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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

The Evolution of Cybercrime: How to Stay Safe from AI-Driven Fraud

StoneTurn on 4/24/2025

A recent article in The Wall Street Journal highlights a case that is sadly all too familiar – a family member is in distress, and you must wire them money to help save them. Of course, as the article reveals, the family...more

DFS Issues Circular Letter Addressing Cybersecurity Risks Related to AI

ArentFox Schiff on 10/24/2024

On October 16, the New York Department of Financial Services (DFS) issued a circular letter addressing cybersecurity risks related to the increasing use of artificial intelligence (AI) in relation to insurers, insurance...more

Exploring AI Risks Reported in SEC Filings Can Be Helpful For Many Organizations, Including SMBs

Jackson Lewis P.C. on 9/12/2024

One of our recent posts discussed the uptick in AI risks reported in SEC filings, as analyzed by Arize AI. There, we highlighted the importance of strong governance for mitigating some of these risks, but we didn’t address...more

Benefits of a vCISO in the Age of AI-Driven Cyberattacks

J.S. Held on 9/4/2024

Cyberattacks powered by artificial intelligence have become more sophisticated as bad actors utilize machine learning to analyze vulnerabilities, automate exploits, and outpace traditional security measures. Through the use...more

Immediate vs. Slow Burn Risks: A Balanced Cybersecurity Strategy

NAVEX on 4/25/2024

The consequences of a cyberattack can be catastrophic, as we saw in the previous blog of this series. Cybersecurity is a business-wide responsibility that demands a proactive strategy extending far beyond technical solutions...more

Defending Your Law Firm Against Cyber Threats

Guidepost Solutions LLC on 4/9/2024

In an increasingly digitized world, law firms are prime targets for sophisticated cyber threats that can result in substantial financial losses and reputational damage. Recently, a prominent law firm, esteemed for its...more

Cybersecurity: What Businesses Need to Know

Butler Snow LLP on 6/30/2023

Cybersecurity is a top concern for all industries, particularly for the pharmaceutical and medical device industries. These industries hold some of the most sensitive data and highly valuable technology, making them prime...more

Emerging Middle Market Cyber-Attack Vectors: Are You at Risk?

Ankura on 11/11/2022

The concept of “security by obscurity” is officially outdated. In recent years, cyber-attacks have become increasingly sophisticated, destructive, and indiscriminate. In today’s landscape, cyber threats can come from internal...more

NYDFS’s $4.5 Million EyeMed Cyber Settlement Reminder To Industry

Sheppard Mullin Richter & Hampton LLP on 11/2/2022

In a recent settlement with the New York Department of Financial Services, EyeMed Vision Care LLC agreed to pay a $4.5 million penalty and undertake remedial measures to increase its cybersecurity. This includes undertaking...more

Privacy Peril: Back It Up

Bass, Berry & Sims PLC on 4/25/2022

A recent Privacy Peril advised of the increasing cyber risk from nation state attacks, particularly as a result of the war in Ukraine. There is, of course, little we can do to thwart cyber assaults on vital nerve centers....more

FDIC Seeks Comment on Supervisory Approach to Examinations During Pandemic

Goodwin on 8/20/2021

In This Issue. The Federal Deposit Insurance Corporation (FDIC) is seeking information and comment regarding the FDIC’s supervisory approach to examinations during the pandemic; the FDIC’s tech lab, FIDTECH, announced a “tech...more

Colonial Pipeline – A Ransomware Attack Hits Close To Home

Woods Rogers on 5/13/2021

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

New York Department of Financial Services Issues Millions of Dollars in Penalties, Signaling Increased Cybersecurity Enforcement

Akin Gump Strauss Hauer & Feld LLP on 4/30/2021

On April 14, 2021, the New York Department of Financial Services (DFS) announced it settled an enforcement action against National Securities Corporation (“National Securities”) related to claims under the Cybersecurity...more

New York Department of Financial Services Announces $1.5 Million Settlement of Second Cybersecurity Enforcement Action

Faegre Drinker Biddle & Reath LLP on 3/8/2021

On March 3, 2021, the New York State Department of Financial Services (NYDFS) announced a settlement with Residential Mortgage Services, Inc. (RMS) for $1.5 million in connection with its violation of the NYDFS Cybersecurity...more

3 Coronavirus Compliance Tips From the SEC

NAVEX on 8/21/2020

The coronavirus crisis is far from over, and compliance professionals still need every scrap of guidance that regulators can provide about how to run compliance programs in these difficult times. So when the Securities and...more

4 Ways to Protect ePHI Beyond HIPAA Compliance

NAVEX on 8/14/2020

Given the choice between credit card data and digital health records, cybercriminals prefer the latter. A stolen credit card can be canceled. Electronic protected health information (ePHI) with its treasure-trove of...more

Six Practical Tips for Practicing Cyberhygiene in the Middle of a Global Pandemic

Alston & Bird on 8/14/2020

Businesses are facing long-term cybersecurity challenges as COVID-19 cases spike and remote work environments need to remain operational, scalable, and capable of flexing with cycles of coronavirus resurgence. Our...more

Working from home – A checklist of the IT risks and exposures

White & Case LLP on 4/22/2020

As the COVID-19 disease continues to spread, many countries have implemented nationwide lockdowns and many businesses have mandated employees to work from home. Even with the relaxation of lockdowns in different parts of the...more

Amid Pandemic Remaining New York SHIELD Act Data Security Requirements Have Taken Effect

Proskauer on Privacy on 4/2/2020

The developing coronavirus pandemic affects businesses and personnel within the state and elsewhere. With more New Yorkers working from home, there are more opportunities for cyberattacks through unsecure remote connections...more

Insurance Industry Cybersecurity and COVID-19: The Importance of Risk Assessments

Faegre Drinker Biddle & Reath LLP on 3/31/2020

As companies seek to adapt to the worsening effects of the COVID-19 pandemic, security experts, as well as government agencies, including the FBI, are sounding the alarm on a drastic increase in the amount of cybersecurity...more

Cybersecurity: How to Protect Yourself and Your Company

Furia Rubel Communications, Inc. on 7/25/2019

Just recently, Equifax had the largest-ever settlement for a data breach. They are to pay at least $575 million, and potentially as much as $700 million, to settle allegations over its massive 2017 data breach. What we tell...more

HHS Issues Practical New Cybersecurity Guidance for Healthcare Businesses of all Sizes

Stoel Rives - Health Law Insider® on 3/7/2019

In late January, the U.S. Department of Health and Human Services’ Healthcare & Public Health Sector Coordinating Council issued a new cybersecurity guidance document for healthcare businesses of all sizes. The guidance...more

Five Questions (And Possible Good Answers) Boards of Directors Should Ask About Cybersecurity

White and Williams LLP on 10/2/2018

Data privacy and security can feel overwhelming for a company’s executive management. Unfortunately, that overwhelming feeling can prevent constructive dialogue and action toward improving a company’s cybersecurity program....more

Give Your Customers the Gift of Security

Perkins Coie on 9/19/2017

2017 has reminded us that data security threats continue to evolve and that the stakes for companies can be very high if their data security programs fail to evolve as well. Before the recent announcement of Equifax’s...more

Cybersecurity Threats for Treasury & Payment Management Systems Report Released

Robinson+Cole Data Privacy + Security Insider on 2/20/2017

Pactera Technologies N.A., Inc. [www.Pactera.com] has released the report “Cybersecurity Threats for Treasury & Payment Management Systems: Six Things you Should Know to Manage Them.” It is easy to understand and pertinent,...more

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