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Editor’s Note: On Sept. 13, 2016, New York Governor Andrew Cuomo announced New York State Department of Financial Services Proposed 23 NYCRR 500 ‘Cybersecurity Requirements for Financial Services Companies.’ The proposed regulation were published on Sept. 28, and this article has been’updated with any changes made after the draft release in conjunction with Mayor Cuomo’s announcement.’
By Gabrielle Orum Hernández
Gov. Nathan Deal opted to veto a cybersecurity bill criticized by technology groups that would have made “unauthorized computer access” a crime.
By Stacey Garrett
U.S. laws require companies to retain records for years, and sometimes forever, and violating U.S. records retention laws can result in domestic fines and penalties. How can U.S. companies comply with the GDPR’s “right to erasure” while still fulfilling their U.S. records retention obligations?
By Ishan Girdhar
Most firms have extensive cybersecurity measures in place, but emerging or unclear regulatory requirements embroil them in a never-ending cycle of evaluation, best-practices review, and implementation. Firms don’t just need to have their own systems secured; a responsible firm must also reduce the risk of breach at their third-party vendors. As cloud service providers become commonplace, so too does a firm’s responsibility to ensure their vendors are managing risk appropriately.
By Mark Sangster
Small Law Firms Face Large Regulatory Requirements
Unlike large firms with comparable resources with which to protect client non-public information, small firms can find themselves trapped between cyberattacks, like ransomware, that don’t prejudice based on the size of firm, and regulators who are indifferent to your size, when investigating a potential violation.