News & Analysis as of

Corporate Governance Cyber Attacks Data Protection

Alston & Bird

UK Government Publishes Cyber Governance Code of Practice for Boards and Directors

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On April 8, 2025, the UK government published the Cyber Code of Practice (the “Code”) to support board directors in governing cybersecurity risks. The Code is available online. The UK’s data protection regulator is actively...more

American Conference Institute (ACI)

[Event] 2nd National Conference on Cybersecurity Law & Compliance - January 29th - 30th, Arlington, VA

Cyberattacks are affecting every company and sector. Meanwhile, the regulatory landscape is intensifying as the SEC continues to enforce the cyber-risk management disclosure rules. Every day presents a new compliance and...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Informed Board - November 2024

At what point has a director served too long? What about term limits? A mandatory retirement age? When do a director’s skills become stale? These issues are addressed in this issue of The Informed Board, as well as why proxy...more

Skadden, Arps, Slate, Meagher & Flom LLP

What Does the SEC’s Complaint Against SolarWinds Mean for CISOs and Boards?

On October 30, 2023, the SEC filed a litigated complaint against SolarWinds, a software development company, and Timothy Brown, its chief information security officer (CISO). The SEC alleges that from October 2018, when...more

Polsinelli

FTC Announces Decision “with a 100% chance of far-reaching” Impact for Data Breaches

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On Monday the Federal Trade Commission issued a press release stating it is settling a case against Drizly and its CEO for a data breach that exposed the information of 2.5 million consumers in July 2020. The proposed...more

White & Case LLP

Cyber security breaches: how would you answer the crucial question?

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The crucial question that a company and its board will face if it suffers a cyber security breach is: "Had you taken reasonable steps to try to prevent a breach, and to prepare to handle any breach that occurred?" If the...more

K2 Integrity

Cyber Predictions 2022

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Where We Stand - This year kicks off against the backdrop of the security flaw found in Log4j, a system-logging code library widely used in applications and services across the Internet. In the aftermath of this crisis, a...more

Woodruff Sawyer

Board of Directors: Prioritize Your Cyber Risk

Woodruff Sawyer on

Cyber attacks continue to be one of the most concerning risks to businesses. COVID-19 is only exacerbating those risks. Add to that the D&O litigation that happens after a cyber event, and you have a recipe for disaster for...more

Skadden, Arps, Slate, Meagher & Flom LLP

A Practical Guide to the Role of Directors in Fighting Ransomware

Takeaways - Boards need to take an active role overseeing cybersecurity measures. - Directors may be held personally responsible for lapses that result in attacks. - U.S. money laundering and sanctions rules may prohibit...more

Seyfarth Shaw LLP

FTC Touts Refined Approach to Data Security Enforcement

Seyfarth Shaw LLP on

Synopsis: On January 6, 2020, Andrew Smith, director of the Federal Trade Commission’s Bureau of Consumer Protection, outlined in a blog post the agency’s new approach to data security orders. The agency implemented this...more

Foley Hoag LLP - Security, Privacy and the...

Is Your Company’s Board of Directors Cyber Savvy?

Every company should expect that at some point it will experience a data breach. Whether as a result of hackers, disgruntled employees, or careless acts such as losing an unencrypted phone or laptop, data breaches may subject...more

Akin Gump Strauss Hauer & Feld LLP

Podcast: Cybersecurity and the Boardroom

In this episode, the third of three building on Akin Gump’s annual Top 10 Topics for Directors report, partner Michelle Reed discusses the critical question of cybersecurity and the corporate world. Among the topics covered: ...more

Mayer Brown Free Writings + Perspectives

Cybersecurity and Board Oversight

In a recent speech, SEC Commissioner Kara Stein commented on the importance of cybersecurity. The Commissioner noted that encouraging adoption of written policies and procedures, voluntary frameworks and non-binding guidance...more

Robinson+Cole Data Privacy + Security Insider

New report finds executives “placing their heads in the sand” on cybersecurity

A new report commissioned by Tanium and Nasdaq finds that 90% of corporate executives admit that they can’t read a cybersecurity report and up to 40% of corporate executives do not feel personally responsible for...more

Proskauer on Privacy

SEC Cybersecurity Update

Proskauer on Privacy on

Results from the SEC’s First Round of Cybersecurity Examinations - On February 3, 2015, the OCIE published a risk alert summarizing its findings from its examinations of over 100 registered investment advisers and...more

Snell & Wilmer

SEC Announces Second Wave of Cyber Exams of Broker Dealers and Advisors – Is Your Firm Ready?

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In April 2014, the Securities and Exchange Commission’s (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”) issued a Risk Alert announcing its first cybersecurity sweep initiative. Pursuant to that initiative,...more

Morgan Lewis

Proactive Approach To Cybersecurity: Recent SEC guidance and enforcement actions suggest that reactive firms may be in the SEC’s...

Morgan Lewis on

In an environment where even the largest and most powerful corporations have fallen victim to data breaches, it can be challenging to fathom how to protect against the sophisticated and ever-evolving threat of cyber attacks....more

Broker-Dealer Compliance + Regulation

FINRA Issues its Cybersecurity Report, Providing Tools and Encouragement to Broker-Dealers

FINRA recently issued a Report on Cybersecurity Practices (“Report”), growing out of its targeted examination of firms last year. To issue the Report, FINRA gave careful consideration to the needs of many broker-dealers for...more

Mintz - Privacy & Cybersecurity Viewpoints

Cyber Risks for the Boardroom Part 4: Coverage for Investigations

Part 4 in our continuing series: “Cyber Risks – Director Liability and Potential Gaps in D&O Coverage”: Coverage For Investigations - One of the biggest gaps in coverage in D&O coverage today is the lack of...more

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