Tag Archives: cyber risk

SEC Investigation Highlights BEC Risk and Need for Comprehensive Risk Assessments by Public Companies

By Andreas Kaltsounis on October 17, 2018 Posted in Cybersecurity, Data Breaches

The Securities and Exchange Commission issued a press release and an investigative report on Oct. 16 cautioning public companies to consider cyber threats when implementing internal accounting controls. The report stems from the SEC’s investigation of nine companies that lost between $1 million and $100 million each in so-called business email compromise (BEC) frauds, in … Continue Reading

Time for an Updated Cyber Risk Approach; BPI Data Breach

By BakerHostetler on February 18, 2015 Posted in Cybersecurity

Authored by Judy Selby and George Viegas* Our traditional approach to cyber risk and security has been focused on privacy and financial data. The data breach or loss concerns that typically rank high on our risk ratings are private and confidential data like names and social security numbers with other identifying non-public information and financial data … Continue Reading

CFTC Chairman Provides Guidance on Cybersecurity

By Patrick H. Haggerty on November 12, 2014 Posted in Cybersecurity

On November 5, 2014, the Chairman of the Commodity Futures Trading Commission, Timothy G. Massad, gave keynote remarks at the Futures Industry Association Expo 2014. Part of Chairman Massad’s remarks focused on the importance and oversight of cybersecurity and business continuity disaster recovery for the financial institutions, exchanges, and markets that the Commission regulates. Specifically, … Continue Reading

Incident Response Preparedness – Becoming “Compromise Ready”

By Craig A. Hoffman on November 3, 2014 Posted in Cybersecurity

Editor’s Note: We recently launched a graphic illustrating our Cyber Risk Mitigation Services. This week, our attorneys will be writing about specific examples of those services. Strange as it sounds, we hear from companies at the end of an investigation where it is determined that a breach did not occur that they are glad to … Continue Reading

Cyber Criminals’ Menu Features the Food & Beverage Industry; Steps to Protect Your Business

By Judy Selby on May 24, 2013 Posted in Data Breaches, Payment Card Industry

2012 was a challenging year for the Food and Beverage (F&B) industry. In addition to increased government regulation, rising food prices and relatively slow growth trends, the industry once again was a favorite target of cybercriminals. According to the 2013 Trustwave Global Security Report, cyberattacks on F&B enterprises comprised 24% of attacks in 2012, second … Continue Reading

Guest Blog: Vermont Privacy Breach Regulations

By BakerHostetler on April 16, 2013 Posted in Data Breaches

Editor’s Notes:Guest blog Interview by Mark Greisiger, President NetDiligence®This blog post has been republished with permission from Junto – NetDiligence Blog A Q&A with Ryan KrigerAmong state Attorneys General, Vermont has gained a reputation for being particularly aggressive about data breach and privacy regulation. To better understand the state’s Consumer Protection Act requirements and processes … Continue Reading

The Cybersecurity Act of 2012–What Does It Mean?

By Theodore J. Kobus III on February 15, 2012 Posted in Federal Legislation

Yesterday, Homeland Security and Governmental Affairs Committee Chairman Joe Lieberman (ID-Conn.), Ranking Member Susan Collins (R-Maine), Commerce Committee Chairman Jay Rockefeller (D-W.Va.), and Select Intelligence Committee Chairman Dianne Feinstein, D-Ca. introduced The Cybersecurity Act of 2012. The press release can be found here. We are seeing an increasing number of attacks targeting government secrets, trade … Continue Reading