SEC Updates Guidance on Cybersecurity
Posted on Apr 30, 2015 in Uncategorized | Comments Off on SEC Updates Guidance on Cybersecurity
Emphasizing the critical importance of cybersecurity to registered investment companies (RICs), including insurance separate accounts and business development companies, and to investment advisers, the SEC’s Division of Investment Management issued new Cybersecurity Guidance on April 28, 2015. As RICs and advisers become ever more dependent on information technology to conduct their...
Managing a Cyberattack: An Interactive Simulation at the ACC Advanced Compliance Education Summit
Posted on Apr 29, 2015 in Uncategorized | Comments Off on Managing a Cyberattack: An Interactive Simulation at the ACC Advanced Compliance Education Summit
It is 3:00 in the morning and your children are safe in bed, but the phone is ringing at the FBI! Sutherland’s Mark Thibodeaux; Cyndi Baily, Chief Compliance Officer at Alere Toxicology; Sarah Sandstorm, Contracts Counsel at KBM Group; and Special Agent Corey Harris from the FBI presented an interactive simulation of a cyber-attack at the ACC’s Advanced Compliance Education Summit...
Cybersecurity Sanctions: 5 Questions To Consider
Posted on Apr 27, 2015 in Uncategorized | Comments Off on Cybersecurity Sanctions: 5 Questions To Consider
There is no shortage of opinions on Executive Order 13694 issued by the president on April 1, 2015, which created a new sanctions regime designed to combat cyberattack threats. While some commentators have expressed concern about the potential for its broad application, others contend that the executive order is sufficiently targeted and limited in scope. Although it is too early to...
FCC Fines AT&T $25 Million for Privacy Violations
Posted on Apr 10, 2015 in Uncategorized | Comments Off on FCC Fines AT&T $25 Million for Privacy Violations
On April 8, the FCC imposed on AT&T its largest ever fine for data privacy violations. For 168 days, from November 2013 to April 2014, employees of a call center in Mexico, using computer systems maintained and operated by AT&T, accessed customer accounts to steal and sell cell phone handset unlock codes along with personal information needed to use the unlock codes. They sold...
President Issues Executive Order Establishing New Sanctions Regime to Combat Cyber Attack Threats
Posted on Apr 3, 2015 in Uncategorized | Comments Off on President Issues Executive Order Establishing New Sanctions Regime to Combat Cyber Attack Threats
On April 1, 2015, President Obama issued Executive Order 13694, which effectively establishes a new sanctions regime designed to combat cyber-attack threats. Specifically, this Executive Order grants authority to the Secretary of the Treasury, in consultation with the Attorney General and the Secretary of State, to impose sanctions on individuals and entities that are found to be...
Agenda Released for Upcoming Cyber-Physical Systems Meeting
Posted on Mar 25, 2015 in Uncategorized | Comments Off on Agenda Released for Upcoming Cyber-Physical Systems Meeting
The National Institute of Standards and Technology (NIST) Cyber-Physical Systems Public Working Group (CPS PWG) is holding a two-day workshop on April 7-8, 2015. The meeting will be held at the NIST campus in Gaithersburg, Maryland, and is intended to review the Draft CPS Framework released by the CPS PWG earlier this month. The meeting will provide an opportunity for a review of the...
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