U.S. Intelligence Agencies to Establish Cyberthreat Intelligence Sharing Center
Posted on Feb 26, 2015 in Uncategorized | Comments Off on U.S. Intelligence Agencies to Establish Cyberthreat Intelligence Sharing Center
On February 25, President Obama issued a memorandum directing the Director of National Intelligence (DNI) to establish the Cyber Threat Intelligence Integration Center (CTIIC). Creation of the CTIIC was first publicly announced on February 10 by Lisa Monaco, White House homeland security and counterterrorism advisor. The purpose of the center is to provide a central clearinghouse for...
Defending Against Director & Officer Litigation
Posted on Feb 19, 2015 in Uncategorized | Comments Off on Defending Against Director & Officer Litigation
One form of ancillary litigation that has arisen out of data breaches is shareholder derivative lawsuits against companies that suffer a data breach. In one recent case, Palkon v. Holmes, No. 2:14-cv-01234-SRC-CLW (D.N.J. Oct. 20, 2014), a court dismissed such a shareholder derivative action. The claims arose out of a series of data breaches against the Wyndham Worldwide hotel chain....
New Federal Cybersecurity Threat Tracking Center Launched
Posted on Feb 17, 2015 in Government | Comments Off on New Federal Cybersecurity Threat Tracking Center Launched
The White House has announced the creation of a new federal unit tasked with coordinating the sharing of cyber threat information. No single federal agency is currently tasked with creating assessments of cyber threats and sharing information between existing cybersecurity units of the federal government. The new Cyber Threat Intelligence Integration Center, or CTIIC, is intended to...
President Obama Signs Executive Order Promoting Cybersecurity Information Sharing in the Private Sector
Posted on Feb 14, 2015 in Government | Comments Off on President Obama Signs Executive Order Promoting Cybersecurity Information Sharing in the Private Sector
On February 13, 2015, President Obama signed an Executive Order designed to encourage private companies and organizations to share information on cyber threats among themselves, and with the federal government, on a voluntary basis. The President signed the order as part of a speech given at a Cybersecurity and Consumer Protection Summit held at Stanford University. This order is part...
New York’s Insurance Regulator Announces Results of Cybersecurity Survey and Previews New Regulatory Initiatives
Posted on Feb 10, 2015 in Financial Services | Comments Off on New York’s Insurance Regulator Announces Results of Cybersecurity Survey and Previews New Regulatory Initiatives
On February 9, the New York Department of Financial Services (DFS) released a Report on Cyber Security in the Insurance Sector (Report), summarizing the results of a survey completed by 43 insurers about their cybersecurity programs, costs and future plans. The Report also announced a series of measures that DFS will take in the future to help strengthen cybersecurity in the insurance...
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