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...
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...
Sutherland Partner Addresses Cybersecurity Concerns in TheStreet
Posted on Jun 16, 2015 in Financial Services, Government | Comments Off on Sutherland Partner Addresses Cybersecurity Concerns in TheStreet
Sutherland Partner Mary Jane Wilson-Bilik was recently quoted in TheStreet article “What Banks and the IRS Should Do to Prevent a Cyber 9/11” authored by Marguerite Arnold. In this article, Mary Jane addresses cybersecurity threats and the potential impact a large-scale cyberattack may have on critical infrastructure.
These Shoes Weren’t Made for Walking (and They Aren’t Too Good for Standing Either): Court Dismisses Post-Breach Case Against Zappos for Lack of Standing
Posted on Jun 8, 2015 in Uncategorized | Comments Off on These Shoes Weren’t Made for Walking (and They Aren’t Too Good for Standing Either): Court Dismisses Post-Breach Case Against Zappos for Lack of Standing
Last week yet another federal district court dismissed a post-data breach class action after concluding that the plaintiffs had not alleged any actual or imminent harm and, consequently, did not have standing to proceed. In re Zappos.com, Inc. Customer Data Security Breach Litig. MDL No. 2357, 12-cv-325 (D. Nev. June 1, 2015), arose out of a 2012 breach of Zappos’ servers, which...
FBI Makes Broker-dealers an Offer They Can’t Refuse: Talk to Us About Cybersecurity
Posted on Jun 3, 2015 in Uncategorized | Comments Off on FBI Makes Broker-dealers an Offer They Can’t Refuse: Talk to Us About Cybersecurity
Speaking last week at FINRA’s annual conference in Washington, D.C., Donald Good, Assistant Director of the FBI’s Cyber Division, discussed steps the FBI is taking to help members of the securities industry deal with cyber-threats, as well as steps the FBI hopes firms will take in response. For example, as the Department of Justice recently suggested, Good urged members of...
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