News & Analysis as of

Data Breach Cybersecurity Business Continuity Plans

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

Troutman Pepper Locke on

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

Woodruff Sawyer

6 Things Underwriters Look for in Your Ransomware Protection

Woodruff Sawyer on

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

Woods Rogers on

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

BCLP

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

BCLP on

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

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

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

Kramer Levin Naftalis & Frankel LLP

Cybersecurity: the SEC Provides Guidance on Well-Known and Emerging Best Practices

At the end of January, the U.S. Securities and Exchange’s Office of Compliance Inspections and Examinations (OCIE) released its “Observations on Cybersecurity and Resiliency Practices” (Observations)....more

Thomas Fox - Compliance Evangelist

Day 17 of One Month to More Effective Continuous Improvement-Financial Health Monitoring

Continuous improvement can take many ways, shapes and forms. Typically, when it comes to third-party risks, a Chief Compliance Officer (CCO) or compliance professional will consider the ownership structure to see if there is...more

Robinson+Cole Data Privacy + Security Insider

FTC Releases Tips & Advice on Ransomware

On November 10, 2016, the Federal Trade Commission (FTC) released tips and advice for businesses and consumers on ransomware. For businesses, the FTC released Ransomware – A closer look and a companion video, Defend against...more

Foley Hoag LLP - Security, Privacy and the...

Data Breaches, Media Relations, and the Bottom Line

Data breaches are crisis moments that business must prepare for in many ways: not just in taking steps at prevention, but also mitigating losses, arranging for business continuity, complying with legal and regulatory...more

Foley & Lardner LLP

Legal Considerations in Businesses’ Disaster Planning

Foley & Lardner LLP on

In the last decade, Disaster Recovery (“DR”) and Business Continuity Planning (“BCP”) have become “hot” topics, as companies attempt to deal with disasters and the associated business risks. “Force majeure” is a legal concept...more

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