Legislative Efforts in the Wake of Maritime Cyberattacks
Posted on Oct 24, 2017 in Cybersecurity, Government, Litigation, Uncategorized | Comments Off on Legislative Efforts in the Wake of Maritime Cyberattacks
In June, the maritime industry experienced what many consider a particularly insidious form of cyberattack known as GPS Spoofing, where global positioning system data is subtly manipulated to the point of grave inaccuracy. According to the US Maritime Administration, at least 20 ships in the Black Sea were affected. While at sea, these ships erroneously reported positions at an airport...
Third-Party Party-Crashing? The Fate of the Third-Party Doctrine
Posted on Oct 19, 2017 in Cybersecurity, Government, Insurance, Litigation | Comments Off on Third-Party Party-Crashing? The Fate of the Third-Party Doctrine
This fall may prove a landmark in the ongoing debate between security and privacy. Poised to take action are both the US Supreme Court, in Carpenter v. United States, and the US Congress, with the impending sunset of Section 702 of the Foreign Intelligence Surveillance Act (FISA). Decisions made—or not made—this autumn will have ripple effects in the United States and around the globe....
Regulators’ Cybersecurity Crackdown Already in Full Swing. Are Firms Ready?
Posted on Oct 9, 2017 in Cybersecurity, Litigation, Regulation | Comments Off on Regulators’ Cybersecurity Crackdown Already in Full Swing. Are Firms Ready?
Eversheds Sutherland’s legal alert, SEC and States Are Upping Their Cyber Game, Are You Doing the Same?, is mentioned in this Financial Advisor article. “I’m aware of exams that are going on by both the SEC and FINRA, and I think it’s just a matter of time before enforcement referrals are made,” said Brian Rubin, partner and co-author of the legal alert.
SEC Moves to Update Transfer Agent Rules; New Rules Likely to Impact Unclaimed Property and Cybersecurity
Posted on Jan 6, 2016 in Uncategorized | Comments Off on SEC Moves to Update Transfer Agent Rules; New Rules Likely to Impact Unclaimed Property and Cybersecurity
On December 22, 2015, the Securities and Exchange Commission took the first step in overhauling SEC regulation of transfer agents, the little-discussed but critical intermediaries involved in the prompt clearance and settlement of almost all U.S. securities. After many years in which other types of financial market intermediaries took center stage on the SEC’s rulemaking agenda, the...
SEC Seeks Comment on Cybersecurity Issues in ANPR for Transfer Agents
Posted on Dec 29, 2015 in Uncategorized | Comments Off on SEC Seeks Comment on Cybersecurity Issues in ANPR for Transfer Agents
On December 22, the Securities and Exchange Commission (SEC) issued an advanced notice of proposed rulemaking (ANPR) for new transfer agent requirements, and it also issued a concept release for which public comment on the SEC’s broader review of transfer agent regulation is sought. In the ANPR, the SEC specifically cited cybersecurity as an area in which the Commission intends to...
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