In December 2017, the Financial Industry Regulatory Authority (“FINRA”) released a report (available here) identifying and discussing observations from recent examinations of broker-dealer members—including observations related to cybersecurity. FINRA recognizes that “[c]ybersecurity is one of the principal operational risks facing broker-dealers.” The most common threats FINRA observed in 2016 and 2017 included phishing and spearphishing […]
Not two months has passed since Equifax publicly admitted that the personal data of up to 143 million Americans may have been compromised in a massive hacking breach. In that short time, over 100 federal lawsuits have already been filed against the credit-reporting company. The claimants are not just individual consumers but states like Massachusetts, […]
After a major cyber attack wreaked havoc on companies and governments worldwide in late June, international companies like A.P. Moler-Maersk have brought their IT systems back online. Maersk’s Asia Pacific chief executive Robbert van Trooijen has confirmed that all of Maersk’s affected ports were back to releasing cargo and that bookings have rebounded. The so-called […]
How do lawyers and their firms manage and safeguard the information with which they have been entrusted while continuing to inform and communicate with their clients? In an ethics opinion issued earlier this month, the American Bar Association stated that under the professional rules of conduct, attorneys have a confidentiality obligation to take reasonable measures […]
Director Jeff Novel discusses the cybersecurity regulations now effective in New York that affect financial services companies, and how they can lead to future regulations in the industry. Read his post on The Law of Banking blog.
With cyber attacks in the news and both companies and governments on edge, Microsoft has taken the initiative with a variety of new security features to Office 365 and Windows 10. One feature is a new Secure Score tool on Office 365 that companies’ IT professionals can use to benchmark their efforts at protecting their […]
Attorney Shae Keefe talks about the new ‘Data Dress’, the future of fashion and how it could affect consumer’s data privacy on the Fashion Law Blog.
Click here for the latest post in KRCL’s Law of Banking Blog, discussing the proposed new federal cybersecurity standards for banks and other regulated entities with $50 billion+ in assets, and how those standards can be helpful for regional and community banks.
October is National Cyber Security Awareness Month, and Week Two focuses on the protection of data in the workplace. “We are all part of protecting personal and organizational data in the workplace. From CEO to incoming entry-level employee, each organization’s cybersecurity posture is reliant on a shared level of vigilance and awareness. Week 2 looks […]
Sometimes “cyber security” seems like some remote danger, unlikely to affect you, but recent news has made it apparent that security vulnerabilities can be found in human of locations—your insulin pump. Johnson & Johnson has produced a Wi-Fi enabled One Touch Ping insulin pump system that allows users to send commands to the pump. This […]