In April 2016, President Obama appointed the Commission on Enhancing National Cybersecurity (the “Commission”) to assess the state of our cybersecurity and develop actionable recommendations for securing the digital economy...more
The results of the U.S. presidential election are historic and unanticipated, and they will have significant economic, political, legal and social implications. As we prepare for the Trump presidency, many uncertainties...more
11/17/2016
/ Antitrust Provisions ,
Critical Infrastructure Sectors ,
Cybersecurity ,
Energy Sector ,
Environmental Policies ,
Foreign Policy ,
Health Insurance ,
Immigration Enforcement ,
Tax Reform ,
Trade Policy ,
Trump Administration
New York Governor Andrew Cuomo announced last week a first-of-its-kind cybersecurity program for New York-regulated financial services companies that would impose broad new cybersecurity program requirements and require the...more
The SEC has taken a new enforcement action, demonstrating its expectations of industry and the willingness to use the variety of tools at its disposal to address concerns with cybersecurity previously signaled by an...more
The president’s FY 2017 budget, released today, includes cybersecurity as a national priority. The budget would invest $19 billion in overall federal resources for cybersecurity that are intended to support a broad-based...more
Cybersecurity -
Nearly 90 percent of CEOs worry that cyber threats could adversely impact growth prospects, up from nearly 70 percent the previous year. Yet, in a recent survey, nearly 80 percent of the more than 1,000...more
Top 10 Topics for Directors in 2016 U.S. public companies face a host of challenges as they enter 2016. Here is our annual list of hot topics for the boardroom in the coming year...
...more
If you read one thing...
- The omnibus appropriations package includes legislation that provides liability protection to companies who voluntarily engage in cybersecurity information sharing.
- The...more
Shareholder Activism -
Shareholder activism and “suggestivism” continue to gain traction. With the success that activists have experienced throughout 2015, coupled with significant new money being allocated to activist...more
On November 13, 2015, Federal Trade Commission (FTC) Chief Administrative Law Judge Michael Chappell dismissed a suit brought by the FTC alleging that LabMD’s failure to implement reasonable and appropriate data security...more
During Akin Gump Strauss Hauer & Feld LLP’s most recent cybersecurity event, “Tackling Cybersecurity in the Boardroom,” hosted on November 12, 2015, our panels discussed a number of issues facing directors....more
The Senate has passed the Cybersecurity Information Sharing Act (S.754, CISA), sponsored by Sens. Richard Burr (R-NC) and Dianne Feinstein (D-CA), the chair and vice-chair of the Senate Intelligence Committee, by a margin of...more
Chinese President Xi Jinping’s visit to Washington D.C. led to a very significant agreement on cybersecurity, as reflected by The White House fact sheet released Friday (excerpted below). The agreement addresses a core U.S....more
Just one week after the Securities and Exchange Commission (SEC) Office of Compliance Inspections and Examinations issued a new risk alert on cybersecurity, the SEC brought an enforcement action against an investment adviser...more
If you read one thing...
- On September 15th, the SEC OCIE announced in a Risk Alert it will launch a second round of cybersecurity examinations of registered broker-dealers and investment advisers, which will be more...more
9/21/2015
/ Cybersecurity ,
Data Protection ,
Industry Examinations ,
NIST ,
OCIE ,
Risk Alert ,
Risk Assessment ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Security and Privacy Controls ,
Training
If you read one thing:
- The Federal Trade Commission (FTC) secured a major appellate victory in its quest to challenge lax corporate cybersecurity practices
- In light of the 3rd Circuit’s decision,...more
9/1/2015
/ Appeals ,
Cybersecurity ,
Data Breach ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
FTC Act ,
FTC v Wyndham ,
Hotels ,
Section 5 ,
Security and Privacy Controls ,
Strategic Enforcement Plan ,
Unfair or Deceptive Trade Practices ,
Wyndham
On June 18, 2015, Congressmen Jim Langevin (D-RI) and Jim Himes (D-CT) sent a letter to the Securities and Exchange Commission (SEC) calling for updated cybersecurity disclosure guidance for publicly traded companies....more
On June 4, 2015, the U.S. Office of Personnel Management (OPM) announced that it was the victim of a data breach in which records of more than four million current and former agency employees were accessed. According to the...more
On April 28, the Securities and Exchange Commission (SEC) Division of Investment Management (the “Division”) published a Guidance Update setting forth cybersecurity concerns and advice for the registered investment ...more
In California, home to Silicon Valley, Biotech Beach, drones and some of the nation’s strongest laws protecting personal and consumer privacy, legislators are grappling with how to balance popular innovations in technology...more
Wednesday the advisory committee charged by the Federal Communications Commission (FCC) with providing critical assistance to the communications industry with a sector-specific implementation of cybersecurity risk management...more
On Thursday, March 12, 2015, House Energy & Commerce Subcommittee on Commerce, Manufacturing, and Trade Chairman Michael Burgess (R-TX), along with Reps. Marsha Blackburn (R-TN) and Peter Welch (D-VT), released draft text of...more
Yesterday, Federal Trade Commission (FTC) Chairwoman Edith Ramirez and FTC Bureau of Consumer Protection Director Jessica Rich announced that the FTC will begin a “Start with Security” campaign, through which the FTC will...more
On Friday, February 13, 2015, President Obama delivered the keynote speech and signed an executive order on cybersecurity information sharing at the White House cybersecurity and privacy summit held at Stanford University. ...more
This week the U.S. Securities and Exchange Commission (SEC) Office of Compliance Inspections and Examinations (OCIE) announced the results from a sweep of U.S. broker-dealers and investment advisers on cybersecurity. The...more