Eversheds Sutherland Cybersecurity and Privacy Insights Blog
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NAIC Working Group Exposes Revisions to Incorporate Cybersecurity Considerations into Financial Conditions Examiners Handbook

Posted on Jul 24, 2015 in Insurance | Comments Off on NAIC Working Group Exposes Revisions to Incorporate Cybersecurity Considerations into Financial Conditions Examiners Handbook
In an effort to set cybersecurity readiness standards for the insurance industry, the National Association of Insurance Commissioners (NAIC) IT Examination (E) Working Group (“Working Group”) has exposed revisions to incorporate Cybersecurity Considerations (“Considerations”) into the NAIC Financial Conditions Examiners Handbook (“Handbook”).  The Considerations instruct examiners to...
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Sutherland and the Financial Services Institute Complete Benchmarking Survey on Cybersecurity Practices

Posted on Jul 15, 2015 in Financial Services | Comments Off on Sutherland and the Financial Services Institute Complete Benchmarking Survey on Cybersecurity Practices
WASHINGTON—Sutherland Asbill & Brennan LLP and the Financial Services Institute (FSI) have completed a survey of FSI members concerning cybersecurity issues. The survey included responses from 39 broker-dealers (92% of which were dually registered as investment advisers), ranging in size from fewer than 100 registered representatives to more than 2,000. The survey covered a variety...
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Cybersecurity for Securities Firms: Batten Down the Hatches and Get Your Shark Cage Ready Because “Only the Paranoid Survive.”

Posted on Jul 7, 2015 in Uncategorized | Comments Off on Cybersecurity for Securities Firms: Batten Down the Hatches and Get Your Shark Cage Ready Because “Only the Paranoid Survive.”
Just when you thought it was safe to go back in the water and have a quiet summer, U.S. Securities and Exchange Commission Commissioner Luis Aguilar hoisted the warning flags. At the end of June, he gave a wide-ranging speech addressing a number of cyber-related problems facing the securities industry. In their article for Law360, “Cybersecurity for Brokers: ‘Only the...
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FTC Releases Data Security Guidance

Posted on Jul 2, 2015 in Uncategorized | Comments Off on FTC Releases Data Security Guidance
The Federal Trade Commission (FTC) has released new guidance for businesses on cybersecurity. The “Start with Security” program is intended to help businesses protect consumer information through best practices for data security. The business guidance outlines 10 recommended steps for effective data security drawn from the FTC’s data breach enforcement cases. The 10 steps include...
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