Written by Adam Veness SEC Commissioner Luis Aguilar recently spoke at the New York Stock Exchange Conference “Cyber Risks and the Boardroom.” In his speech, Commissioner Aguilar emphasized the importance of cybersecurity and how fast the need for cybersecurity has grown in such a short time period, pointing out that U.S. companies experienced a 42%… Continue Reading
Tag Archives: SEC
Risky Business: Target Discloses Data Breach and New Risk Factors in 8-K Filing… Kind Of
Posted in Data Breach, Data Breach Notification, Privacy RegulationWritten by Adam Veness After Target Corporation’s (NYSE: TGT) net earnings dropped 46% in its fourth quarter compared to the same period last year, Target finally answered the 441 million dollar question – To 8-K, or not to 8-K? Target filed its much anticipated Current Report on Form 8-K on February 26th, just over two… Continue Reading
On the Fifth Day of Privacy, the SEC Gave to Me…..
Posted in Cybersecurity, Data Breach, Privacy Litigation, SecuritySing it with me now….. FIVE GOLDEN RULES! Written by Adam Veness As public companies prepare for the New Year and the start of yet another annual reporting season, it is the perfect time to reflect on our 2013 prediction that the SEC would require greater disclosure relating to cybersecurity risks and data breaches. As… Continue Reading
Revised FTC Guide on ‘Red Flags’ Identity Theft Rule Published
Posted in Federal Trade Commission, Identity TheftUPDATE: The Federal Trade Commission recently issued a revised guide on the Red Flags Identity Theft Rule, designed to help businesses comply with the requirements of the Rule. Our detailed Client Alert on the Final Red Flags Rule and compliance obligations issued by the SEC and CFTC can be found here. Compliance with the… Continue Reading
“Red Flag” Compliance Requirements Come to Investment Advisors, Broker-Dealers – UPDATE
Posted in Data Compliance & Security, Identity Theft, Privacy RegulationUPDATE: We have prepared a detailed Client Alert as a guide to getting started with these new Red Flag Rules and compliance obligations. You can read it here. It has been several years since the Federal Trade Commission’s Red Flag Rule took effect; and the banking regulators have had the Red Flag… Continue Reading
D.C. Developments on the Cybersecurity Front – UPDATE
Posted in CybersecurityWritten by Cynthia Larose and Heidi Lawson UPDATE: The House Permanent Select Committee on Intelligence passed the Cyber Intelligence Sharing and Protection Act (CISPA) this afternoon. The vote was 18 in favor and two (Adam Schiff (D-CA) and Jan Schakowsky (D-IL)) against. For more information, read The Hill. The last 24 hours have seen… Continue Reading
Cybersecurity Disclosure: A Panel Discussion with the SEC’s Division of Corporation Finance
Posted in Cybersecurity, Data BreachLast week in Washington, D.C., this author had the opportunity to sit in on a panel discussion by the SEC’s Division of Corporation Finance (“CorpFin”) discussing, among other things, recent developments in cybersecurity disclosure in public company filings. The panel included CorpFin’s Acting Director Lona Nallengara, Deputy Director of Disclosure Operations Shelley Parratt and others from CorpFin…. Continue Reading