Category Archives: Cybersecurity

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On the Hill: Congress “Attacks” Cyber-Security

Cyber-security and data breaches are hot-button issues that recently received some well-deserved attention from the federal government. Last year we posted about the FBI’s efforts to combat economic espionage and trade secret theft. At that time, the Assistant Director of the FBI—who was testifying before a Senate subcommittee—offered salient advice on how American companies could … Continue Reading

Regulatory Round-Up on Cybersecurity

Financial regulators continue to sound the alarm about cybersecurity. The Federal Financial Institutions Examination Council (“FFIEC”) conducted a cybersecurity webinar on May 7, 2014, targeted at senior management of community banks. The FFIEC noted that attacks on smaller institutions are escalating in number and sophistication. The presenters noted that too many banks regard cybersecurity as … Continue Reading

The SEC’s Cybersecurity Initiative

On April 15, 2014 the Securities and Exchange Commission’s (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”) issued a National Exam Program Risk Alert entitled OCIE Cybersecurity Initiative (the “Risk Alert”) announcing its plans to conduct examinations of more than 50 registered broker-dealers and investment advisers focused on cybersecurity governance, identification and assessment of cybersecurity … Continue Reading
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