Five Takeaways from Recent Cybersecurity Developments by Colorado and the SEC

Colorado recently adopted a new law expanding companies' obligations in the event of a cybersecurity incident, and establishing new data security and disposal obligations. Recent announcements by the SEC likewise emphasize important responsive points for both companies and their personnel in the wake of an incident. Five key takeaways from these developments are highlighted in this article.

1 minute read August 01, 2018 at 12:13 AM
By
Brian Neil Hoffman
Five Takeaways from Recent Cybersecurity Developments by Colorado and the SEC

Colorado's New Breach and Data Security Provisions

  1. Update cybersecurity incident response procedures and ensure key stakeholders are well informed and prepared in advance
e.g. e.g.
  1. Update current data protection and destruction policies and practices
  1. Review (and if needed, increase) insurance coverages for investigating and litigating potential incidents

Addressing Recent SEC Enforcement Activity

  1. Remain attuned to potential SEC/investor disclosures
SEC released guidance announcement press release
  1. Minimize individual liability risks

Conclusion

other preventative steps ***** Brian Neil Hoffman [email protected]

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