Archives: Cybersecurity

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The Compliance Version of Giving Tuesday, Cyber Monday, and Black Friday

There are a few things that compliance officers and other in-house counsel can take away from the late-November giving-shopping-doing spree (other than exhaustion!). With a bit of creativity, you can turn the sales and service holidays into compliance tips to carry forward into the new year. Taken in reverse order: Let’s think about reconstituting Giving … Continue Reading

Don’t Overlook the SEC’s Cybersecurity Governance Guidance

In late February, the SEC approved what it labeled “Guidance on Public Company Cybersecurity Disclosures.” And, sure enough, about three-quarters of its 24 pages focus on the various categories and locations of cybersecurity risk and incident disclosure obligations, as well as materiality determinations. Because the SEC’s much-anticipated guidance appeared right in the thick of calendar-year … Continue Reading

Countdown to GDPR Deadline: What Your Organization Should Be Doing to Prepare

In late May, the European Union’s new General Data Protection Regulation (GDPR) takes effect, changing the manner in which companies all over the world – not just those in the EU – store and use Europeans’ personal data. GDPR requires any company that collects personal information of European citizens to comply with its data privacy … Continue Reading

Evolution of the General Counsel: A TerraLex Report

TerraLex recently published The General Counsel Excellence Report 2017, which tracks the continuing evolution of the role of corporate general counsel to encompass important nontraditional areas of focus and responsibilities. TerraLex, a referral network of more than 150 law firms (including Parker Poe) in more than 100 countries, sponsored similar surveys in 2013 and 2015. … Continue Reading

SEC Emphasizes Need for Cyber Protections

The Securities and Exchange Commission continues to encourage entities within its purview to institute cyber protections, especially in the wake of the rash of recent ransomware attacks. Numerous companies, including broker-dealers and investment management firms, have fallen victim to ransomware, which infiltrates the victim’s computer systems and blocks access to files with the threat of … Continue Reading

What Can We Tell About the Trump Administration’s Focus on Compliance?

There are a few early signs that the Trump administration will continue to hold companies to the “way of compliance,” as our colleague Jane Lewis-Raymond put it recently on this blog. But after the first four months of his presidency, there are still questions about where enforcement is heading in specific compliance areas. After all, … Continue Reading

Ransomware Attacks: Why They’re Growing, Who They Target and What You Can Do

Ransomware attacks have been surging the past few years and reached a headline-grabbing peak with the recent hijacking of computers in English hospitals, Chinese universities and countless businesses worldwide. This should be the last wakeup call for companies, nonprofits and government agencies possessing sensitive, potentially valuable data. In the world of cyber-espionage, ransomware is playing … Continue Reading

ACC’s New Data Security Guidance to Law Firms: Be Careful What You Ask For

It is almost cliché to say that data security has become the most common concern keeping in-house counsel awake at night. Indeed, many qualified law firms, including ours, have developed the needed expertise to advise clients on the best practices for cybersecurity. And while a law firm’s traditional strengths lie in advising clients on avoiding … Continue Reading

Whistleblower Retaliation Remains in the SEC’s Crosshairs

Whistleblower tips and awards for securities law violations have increased dramatically over the past year, according to the staff of the SEC Enforcement Division’s Office of the Whistleblower. Also during that time, the Whistleblower Office has stepped up its vigilance over retaliation by companies against whistleblowers, imposing penalties against companies more frequently and expanding the … Continue Reading