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The Situation of Your Company's CISO and How It Impacts Data Security
[Editor's Note: Cybersecurity Law & Strategy received two separate and unique pitches on the same idea — that CISOs reporting to CIOs creates inherent conflict and can actually harm the security of the organization. This article, by Board of Editors member Kenya Parrish-Dixon, echoes the sentiments presented in Jake Frazier's article in the April issue, yet provides a different perspective on the topic, doing a deeper dive into why the roles should be separate.]
Where the chief information security officer sits within an organizational structure has been debated for years. The issue was presumably resolved when the "chief" was added to the title. This clearly moves an information security officer or security officer into the C-suite among other executives that report directly to the president and CEO of an organization and its board members. Moreover, once the Sarbanes-Oxley Act was passed mandating CISO independence for the financial sector under its "separation of duty" requirement, all third-party service providers to the financial sector should have followed suit. However, the intensity of information security briefings often leads to organizations tucking the CISO under the CIO instead. After all, all technology is related, right? This is a huge mistake, and it is wreaking havoc on American data security.
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Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.