On Nov. 9, 2022, the New York Department of Financial Services (NYDFS) issued a proposed second amendment to its 2017 cybersecurity regulation for financial service companies.[1] In July 2022, NYDFS issued a draft version of the changes, but the current amendment has significant changes. Most of the proposed changes will take effect 180 days
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On Nov. 15, 2022, the Federal Trade Commission
Greenberg Traurig Shareholder Ian C. Ballon, Co-Chair of the firm’s Global Intellectual Property & Technology Practice, will present the Strafford webinar “Mitigating Cybersecurity Class Action Litigation Risks: Policies, Procedures, Service Providers, Notification, Damages” on Thursday, Nov. 10, 1:00-2:30 p.m. EST.
The panel will discuss how businesses can implement policies, procedures, and
October is Cybersecurity Awareness Month! In this GT Bulletin, Shareholders Jena Valdetero and Kevin Scott highlight five key trends that should be top-of-mind for businesses and organizations to protect their data systems and remain in compliance with the various rules to which they are subject. Click here to watch the full GT Bulletin.
Greenberg Traurig Of Counsel Phillip V. Marano was a panelist on the “Data/Brand Damage: The Nexus Between Data Privacy & Trademarks” session at Cleveland-Marshall College of Law’s Cybersecurity and Privacy Protection Conference. The conference is one of the leading educational and networking events in the Great Lakes region and features rich content of interest to
On May 19, 2022, the Department of Justice announced it would not charge good-faith hackers who expose weaknesses in computer systems with violating the Computer Fraud and Abuse Act (CFAA or Act), 18 U.S.C. § 1030. Congress enacted the CFAA in 1986 to promote computer privacy and cybersecurity and amended the Act several times, most
Accuracy in contractor proposal representations and cybersecurity compliance remains pressing, as demonstrated by an April 2021 settlement under the False Claims Act (FCA). In a previous alert, we noted that contractor representations of cybersecurity compliance/capabilities represent a fertile ground for bid protests. In this GT Alert, we highlight how the Department of Justice (DOJ)
Continuing its focus on cybersecurity, on March 9, 2022, in a party-line vote, the SEC proposed rules and amendments governing cybersecurity reporting requirements for public companies subject to the Securities Exchange Act of 1934.
On Feb. 25, 2022, one of the top 10 ransomware threat actor groups, Conti, issued a statement announcing its “full support” of the Russian government and threatening “to use all our possible resources to strike back at critical infrastructures of an enemy” who “organize[s] a cyberattack or any war activities” against Russia. Conti followed up
On Feb. 9, 2022, the SEC released its long-awaited proposed cybersecurity rule, and there’s a lot to unpack. As GT reported previously, the SEC increased enforcement of cybersecurity compliance in 2021. As recently as Jan. 24, 2022, Chair Gary Gensler made cybersecurity the focus of his speech at Northwestern Law School’s Securities Regulation