Category

Information Security

26 March 2020

WEBINAR – COVID-19 – European and U.S. Cybersecurity Issues: Preventing and Responding to Cyber Incidents

Join OneTrust DataGuidance and Sidley for a webinar discussing COVID-19 and European and U.S. cybersecurity and cyber risk insurance issues.

The COVID-19 global pandemic presents unique legal and practical challenges for companies across all industries, including with respect to cybersecurity risks and protections. There are increased cyber vulnerabilities from insider … Read More

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24 March 2020

COVID-19: Key EU And U.S. Cybersecurity Issues and Risk-Remediation Steps

The COVID-19 crisis has created significant cybersecurity risks for organizations across the world, particularly arising from remote working, scams and phishing attacks, and weakened information governance controls. These risks warrant attention by legal counsel and information security officers in light of potentially significant adverse legal, financial and reputational consequences that … Read More

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20 March 2020

Working and Executing Contracts From Home: U.S. eSignatures in the COVID-19 Era

Social distancing imperatives and the resulting surge in remote work polices have led to increased demand for the use of electronic signatures in commercial transactions. Although the method of execution is just one factor to consider when determining the validity and enforceability of a contract, electronic signatures — when appropriately … Read More

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24 February 2020

DoD Issues Cybersecurity Maturity Model Certification Version 1.0

On January 31, 2020, the Department of Defense released its latest version of the Cybersecurity Maturity Model Certification (“CMMC”) for defense contractors.  Under the CMMC plan, DOD contractors will be required to obtain a cybersecurity rating from Level 1 through Level 5.  Self-certification will not be permitted.  Given the significant … Read More

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06 February 2020

SEC Publishes Cybersecurity and Resiliency Observations Report

The U.S. Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) released a report on Cybersecurity and Resiliency Observations based on practices seen in prior exams.  OCIE published the overview of practices to help market participants when considering “how to enhance cybersecurity preparedness and operational resiliency,” while acknowledging … Read More

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29 January 2020

NIST Releases Version 1.0 of Privacy Framework to Help Organizations Manage Privacy Risks and Improve Protection of Personal Data

With issues around the collection and handling of personal data becoming the focus of increased scrutiny among regulators, policymakers, and consumers, interest has continued to grow among organizations to better understand and address privacy risk.  Seeking to support innovation in the market and to accommodate the increasingly global nature of … Read More

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24 January 2020

SEC and FINRA Issue 2020 Examination Priorities (Including Cybersecurity) for Broker-Dealers and Investment Advisers

The U.S. Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) and the Financial Industry Regulatory Authority (FINRA) recently published their examination priorities (together, the Examination Priorities) for the 2020 calendar year.1 In general, the 2020 Examination Priorities continue recurring themes from recent prior years.

OCIE’s … Read More

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09 January 2020

ICO Delays British Airways and Marriott GDPR Fines

Further to the publication of the ICO’s notices of intention to fine British Airways and Marriott in July 2019, the ICO has recently issued a statement delaying the issuance of both GDPR fines which had originally been expected by the end of 2019. (The ICO’s initial notices of intention to … Read More

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08 January 2020

URGENT: CFTC Warns Registrants of Cyber Threats and Requests Information by January 10 and/or January 20

On January 3, 2020, the Division of Swap Dealer and Intermediary Oversight (DSIO) of the U.S. Commodity Futures Trading Commission (CFTC) issued two cyber threat alerts regarding the hacking of approximately one dozen cloud service providers, as described in a Wall Street Journal article published December 30, 2019, entitled “Ghosts … Read More

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10 December 2019

Fund Managers Targeted in Sophisticated Cyberattacks

There has been a spike in 2019 of targeted cyberattacks against Asia-based fund managers, especially those in a startup phase of business. Regulators worldwide, including the Securities and Futures Commission of Hong Kong, have issued guidelines for reducing and mitigating hacking risks. This post summarizes the practical measures that may … Read More

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