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Your Cyber Minute: The Implications of the GDPR for Cybersecurity
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BACKGROUND - On October 16, 2024, the New York State Department of Financial Services (DFS) issued an industry letter, Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related Risks,...more
On October 16, 2024, the New York Department of Financial Services (“NYDFS”) issued guidance and strategies (“Guidance”) concerning cybersecurity risks that arise in response to the advancements in artificial intelligence...more
This month is the 21st annual Cybersecurity Awareness Month, cosponsored by the Cybersecurity and Infrastructure Agency (CISA) and the National Cybersecurity Alliance. This year’s theme is “Secure Our World,” continuing what...more
INTRODUCTION - The acceleration of the rate of cyber-attacks against companies in Hong Kong in the last year or so (with over 60 notifications of such attacks being received by the Office of the Privacy Commissioner of...more
The ubiquity of artificial intelligence (AI) has heightened companies’ exposure to cyberattacks of increasingly greater sophistication. Our Privacy, Cyber & Data Strategy Team explores how businesses can enhance their...more
Introduction It wouldn't be much of an exaggeration to say that NIS2 is the acronym on everyone's lips. When coupled with its European sister legislation DORA, we encounter a regulatory twosome that make GDPR feel like...more
October is here, and as we prepare for pumpkin spice lattes, fall sweaters, and scary decorations, there's one thing your business can't afford to ignore this month: cybersecurity. Welcome to Hack-tober, or as it's officially...more
Cyber regulation is changing in Australia. As governments globally grapple with the everchanging and increasingly challenging cyber landscape, Australia is poised to implement new laws and update existing regulation in order...more
INTRODUCTION - The acceleration of cyber-attacks on companies in Hong Kong in the last year or so (– with over 60 notifications of such attacks being received by the Office of the Privacy Commissioner of Hong Kong in 2023,...more
By March 31, 2025, U.K. firms regulated by the Financial Conduct Authority will be required to have conducted mapping and testing to ensure they remain within their impact tolerances for identified operational risks of...more
Earlier this year, the National Institute of Standards and Technology (NIST) issued an update to its Cybersecurity Framework (CSF) with the release of version 2.0, the first update since April 2018 (version 1.1). While the...more
On March 5, 2024, the Department of Justice (DOJ) issued an Advance Notice of Proposed Rulemaking (ANPRM) regarding Access to Americans’ Bulk Sensitive Personal Data and Government-Related Data by Countries of Concern. The...more
Cybersecurity compliance, governance, and disclosure practices have evolved significantly over the past decade. As we have noted in prior blog posts, the U.S. Securities and Exchange Commission is requiring cybersecurity...more
2023 was another active year in cybersecurity, with high profile vulnerabilities and data breaches, and government and private sector responses to them. Examples include pervasive ransomware attacks targeting the healthcare,...more
CYBERSECURITY - Patch Adobe ColdFusion Vulnerabilities Being Exploited in the Wild ASAP - Adobe has issued alerts on three vulnerabilities affecting its ColdFusion product. The first alert, issued on July 11, 2023,...more
The legal profession is under constant threat of cyberattacks and breaches. Cybersecurity challenges exist in many contexts but the legal profession is particularly vulnerable due to its federated environment and disparate...more
The Federal Energy Regulatory Commission (FERC) is tasked with keeping our electric grid safe and maintaining reliable and secure energy for U.S. consumers. ...more
Ransomware incidents continue to be on the rise, wreaking havoc for organizations globally. Ransomware attacks target an organization’s data or infrastructure, and, in exchange for releasing the captured data or...more
The National Institute of Standards and Technology (“NIST”) is seeking comments on its draft NIST SP 800-160, Volume 2, Revision 1, “Developing Cyber-Resilient Systems: A Systems Security Engineering Approach,” and draft NIST...more
Cyberattacks on organizations with large consumer databases have been on the rise recently. This is certainly true for the insurance industry, which also has been migrating more business to online platforms in an effort to...more
Sometimes it takes a public event to remind corporate risk managers about the importance of effective risk management. While corporate risk management functions have become yet another “hot” topic or new-fangled response to...more
On May 12, President Biden issued Executive Order 14028 focused on improving the nation’s cybersecurity posture. The order follows the recent cyberattack on one of the nation’s largest pipelines, Colonial Pipeline, in which...more
The recent SolarWinds attack alerted the world to the risk of a cyber supply chain attack—an attack through or on your company’s vendors or suppliers. It is increasingly clear that even if you take all the right steps to...more
On February 4, 2021, New York’s Department of Financial Services (DFS) issued Insurance Circular Letter No. 2, which builds on the robust cybersecurity regulation provided in its 2017 Cybersecurity Regulation (23 NYCRR 500)....more
On February 4, the New York Department of Financial Services (NYDFS) released Insurance Circular Letter No. 2 (2021), a Cyber Insurance Risk Framework (Framework) for insurers that write cyber insurance....more