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Information Reports Risk Management

BakerHostetler

Looking in the Mirror: HHS OIG Audit Demonstrates HHS Agency’s Own Need for Focus on Cloud Security

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The OIG, the nation’s leader in fighting fraud, waste and abuse of Medicare, Medicaid and other HHS programs, periodically publishes reports on how federal healthcare programs could improve....more

Mitchell, Williams, Selig, Gates & Woodyard,...

Critical Infrastructure Protection/EPA Urgently Needs a Strategy to Address Cybersecurity Risks to Water/Wastewater Systems: GAO...

Critical Infrastructure Protection/EPA Urgently Needs a Strategy to Address Cybersecurity Risks to Water/Wastewater Systems: GAO Issued Report - The United States Government Accountability Office (“GAO”) released on August...more

Nutter McClennen & Fish LLP

Nutter Bank Report: December 2023

A recent OCC report identified key issues facing the federal banking system, including increasing credit risk due to higher interest rates, increasing risk in commercial real estate lending, prolonged inflation, declining...more

Goodwin

Further Light on Generative AI and UK Financial Services Regulation

Goodwin on

In our previous alert, we noted the speech made by Nikhil Rathi, CEO of the UK Financial Conduct Authority (FCA), which built on the points made in a joint paper published by the Bank of England (BoE) and FCA on artificial...more

Latham & Watkins LLP

BIS Issues Final Guidance on Stablecoin Regulation

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The global central bank cooperative body would bring stablecoins within the international standards for payment, clearing, and settlement systems....more

Patterson Belknap Webb & Tyler LLP

Ransomware Attacks Case Studies Provide Rare Learning Opportunities

Ransomware attacks have become headline news in the mainstream media, and a hot topic not only on this blog but in government circles. And with good reason as the United States suffered a staggering 421.5 million ransomware...more

Latham & Watkins LLP

BIS Issues Consultation on Stablecoin Regulation

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The global central bank cooperative body envisions stablecoins within the context of international standards for payment, clearing, and settlement systems. Among the different types of digital assets, global authorities...more

Latham & Watkins LLP

Federal Reserve Recognizes Significance of Climate Risks on Financial Stability

Latham & Watkins LLP on

The US prudential regulator is paying attention to climate risks, and will likely act to mitigate those risks if they threaten financial stability. In its November 2020 Financial Stability Report (the Report), the Board of...more

McDermott Will & Emery

How CCO Reasonable Prevention Procedures Can Help You Mitigate DAC6 Penalties

McDermott Will & Emery on

Corporate criminal offences (CCOs) under Part 3 Criminal Finances Act 2017 (CFA) are increasingly coming under the spotlight of the UK tax authorities. In a 10 February 2020 press release published in response to a Freedom of...more

White & Case LLP

Game over for loot boxes?

White & Case LLP on

The findings of the UK's Immersive and Addictive Technologies Inquiry may significantly impact the economics of video game companies. Executive summary - On 12 September 2019, the UK government's Digital, Culture, Media...more

WilmerHale

Report Finds Clear Trend Toward Increased Transparency in Corporate Political Spending

WilmerHale on

A recent report by a pro-transparency group and The Wharton School found a clear trend among S&P 500 companies toward increased disclosures and oversight regarding their political spending. Per the report, more than half of...more

Latham & Watkins LLP

Report on IT Failures in the UK Financial Services Sector

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UK Treasury Committee report warns that the current level and frequency of disruption and consumer harm is unacceptable. On 28 October 2019, the Treasury Committee published a report on IT failures in the financial...more

King & Spalding

Imposter Websites Prompt Regulatory Warning to Financial Industry

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On April 29, 2019, FINRA published an Information Notice alerting to a potential increase in member firms falling victim to imposter websites – websites designed to appear legitimate but that actually serve as a vehicle to...more

BCLP

EU publishes report on competition law issues in syndicated lending

BCLP on

On 8 April 2019, the European Commission (the “Commission”) published a third party report into the impact on competition of syndicated lending (the “Report”). Although there has not been significant competition law...more

White & Case LLP

The EU loan syndication impact assessment is out: more competition scrutiny ahead?

White & Case LLP on

Setting the scene The long anticipated European Commission (DG COMP) report on "EU loan syndication and its impact on competition in credit markets" (see here) has finally been published. The study primarily focuses on the...more

BCLP

Addressing Climate Change in Due Diligence for Corporate Transactions

BCLP on

The gravity of the problem of climate change is rapidly coming into focus. On November 23, 2018 thirteen federal agencies under the leadership of the National Oceanic and Atmospheric Administration, including among others the...more

Dorsey & Whitney LLP

SEC Report on Internal Controls, Cyber-security

Dorsey & Whitney LLP on

Cyber-security has become – or perhaps should be – a key area of concern for every enterprise. The risks are substantial for the firm, its shareholders, executives and customers as recent cases illustrate....more

Brownstein Hyatt Farber Schreck

SEC Cautions That Cyber-Related Fraud Could Evidence Failed Internal Accounting Controls

On Oct. 16, 2018, the Securities and Exchange Commission (the “SEC”) released a cautionary report discussing whether certain public companies that had become victims of cyber-related fraud may have violated federal securities...more

A&O Shearman

Can a Cyber Breach Be a Violation of Internal Controls? The SEC Says, ‘Maybe’

A&O Shearman on

On October 16, 2018, the Securities and Exchange Commission (SEC) issued a report outlining an investigation conducted by the SEC’s Division of Enforcement related to the internal accounting controls at nine public companies...more

Burns & Levinson LLP

The Likelihood of Company Executives Being Fired Post-Data Breach – It Isn’t Pretty

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In April 2018, Verizon released the 11th edition of its Data Breach Investigations Report. As usual, the Verizon DBIR contained interesting data points culled from more than 53,000 incidents and 2,216 confirmed data breaches....more

Pillsbury Winthrop Shaw Pittman LLP

Charting the Growth of Human Rights and Ethical Reporting in the EU

Increasingly, businesses across Europe must report on a wide range of ethical and related matters in addition to publishing their financial results. Requirements for businesses to undertake non-financial reporting have...more

Nutter McClennen & Fish LLP

Nutter Bank Report, June 2017

Supreme Court: Bank That Buys Debt for Its Own Account Is Not Debt Collector - The U.S. Supreme Court recently held that a bank that collects on debts it has bought and holds “for its own account” is not a debt collector...more

Cooley LLP

Alert: Cybersecurity Risk Management for Communications Companies

Cooley LLP on

An industry-led committee advising the Federal Communications Commission ("FCC") on cybersecurity released its final report on best risk management practices tailored to each of five main industry segments—broadcasting,...more

BakerHostetler

New York Attorney General Report Shows the Number of Data Breaches is on the Rise and Recommends Steps to Take for Protecting...

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On July 15, 2014, the New York Attorney General issued a report examining the growing number and costs of data breaches in the state of New York. The report titled, “Information Exposed: Historical Examination of Data...more

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