Jones Walker LLP recently released the findings of our 2022 Ports and Terminals Cybersecurity Survey. Since 2018, we have surveyed key US infrastructure industries including the greater maritime industry in 2018 and the midstream oil and gas industry in 2020. The economic effects of the COVID-19 pandemic, geopolitical events, supply chain disruptions, labor shortages, rising … Continue Reading
Andrew R. Lee, a partner in the Litigation Practice Group and co-chair of the firm’s privacy & data security team, and James Kearns, special counsel in the Maritime Practice Group, authored the article “OP-ED: Cybersecurity training is key to cybersecurity resiliency” published by Marine Log on July 19. Andy and Jim remind industry stakeholders to devote sufficient … Continue Reading
Most banks and their service providers are familiar with the final rule governing notice for “notification incidents” and “cyber security incidents.” With compliance due by May 1, 2022, the rule establishes standards and deadlines for service providers to notify banks of such incidents and for banks to notify their primary federal regulator “as soon as possible and … Continue Reading
The FBI and other government agencies are reporting a significant increase in COVID-19-specific cyberfraud schemes. According to reports, hackers have impersonated the World Health Organization, the Centers for Disease Control and Prevention, NATO, and even UNICEF and other charitable organizations. These bad actors have used phishing emails intended to spread malware and ransomware and have … Continue Reading
Hackers are getting creative. As they gather information about potential targets for identify theft and other cybercrimes, they increasingly target companies’ human resources departments. Employee records often contain troves of sensitive personal information sought by such criminals – from original employee applications with social security numbers and driver’s license numbers, bank draft forms with bank … Continue Reading
A contributor to the Trade Secret Insider, Andy Lee has co-authored a white paper concerning the findings of a recently conducted Maritime Cybersecurity Survey. The survey polled 126 senior executives, chief information and technology officers, and key managers across the U.S. maritime industry, with four key findings on the state of cybersecurity across various industry … Continue Reading
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
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
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
