As detailed in our July 2023 GT Alert, the Securities and Exchange Commission (SEC) now requires public companies to file a Form 8-K and disclose a material cybersecurity incident within four days of determining the incident’s materiality. Form 8-K Item 1.05(c) includes an exception to the four-day requirement: where disclosure poses a substantial risk
Greenberg Traurig Shareholders Jena M. Valdetero, Co-Chair of the U.S. Data Privacy & Cybersecurity Practice, and Steven M. Malina will present the Thomson Reuters West LegalEdcenter and Celesq webinar, “Keeping up with the SEC: Unpacking the New Public Company Cybersecurity Rule and Enforcement,” on Friday, Dec. 1 at 12:00 p.m. EST.
This
In a Halloween-eve move sure to send shivers down the spines of every public company’s CISO, on Oct. 30, the SEC filed a securities fraud complaint targeting SolarWinds’ CISO in the wake of their major December 2020 data security incident. The SEC alleges SolarWinds and its CISO committed securities fraud in connection with multiple public
On July 26, 2023, the SEC proposed new rules applicable to registered investment advisers and broker-dealers intended to prevent and neutralize the effects of certain conflicts of interest relating to the use of predictive data analytics (PDA), natural language processing (NLP), artificial intelligence (AI) and other “covered technologies” in interactions with clients. Click here to
Jena M. Valdetero, co-chair of Greenberg Traurig’s U.S. Data Privacy and Cybersecurity Practice, participated in an Internet Law & Policy Foundry podcast episode titled “Cyberlaw and Incident Response with Jena Valdetero.”
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. 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
The past 12 months have seen an increase in cybersecurity attacks against major companies, placing data breaches on the front page of virtually every major newspaper. The U.S. government has taken notice. In May, the Biden administration issued an executive order requiring government agencies and certain government contractors to comply with cybersecurity requirements. In July,
Innovation and ingenuity captured by companies in the form of intellectual property (IP) can be some of the greatest corporate assets and as such, require protection. Trade secrets, in particular, are sensitive intellectual property rights because they consist of proprietary information that maintains its value based on its confidentiality or secret status.
If stolen, the