Features

New York Releases Updated Proposed Cybersecurity Regulation
Minimum standards proposed in September have been updated to provide more wiggle room for banks, financial institutions and insurance companies operating in New York.
Features

PODCAST: Is 'Little Data' More of a Concern than Big Data?
In the first of a series, Jason Thomas, Chief of Innovation for Thomson Reuters Special Services, discusses the difference between big data and "little…
Features

<b><i>BREAKING NEWS</b></i> <br> Chicago's Johnson & Bell First U.S. Firm Publicly Named in Data Security Class Action
In the first public data security class action complaint against a U.S. law firm, Chicago-based Johnson & Bell was named in a lawsuit that says the firm failed to protect confidential client information.
Features

Cyberinsurance Considerations for Law Firms
Law firms spend a lot of time and effort to protect their clients' interests, but often overlook routine protection and security of clients' (and their own) data. While not a cure-all for data security risks, one important component to consider in putting together a comprehensive data security program is cyber insurance, as most general liability policies and professional liability policies now expressly exclude coverage for data breach claims.
Features

China Passes Controversial Internet Security Law
The Standing Committee of the National People's Congress, China's top legislature approved the new Cybersecurity Law on November 7, which was created for reasons of national security and to curb internet fraud. It will take effect in June 2017.
Features

<b><i>Online Extra</b></i><br>Financial Industry Groups Slam NY's Proposed Cybersecurity Rules
Major banking and insurance industry groups are attacking New York's proposed regulation requiring member companies to adopt stringent protections against cyberattacks that compromise consumers' confidential information.
Features

Managing Risk in Light of 'Shadow IT'
Information Governance in the Age of Cloud Application Proliferation
Features

Law Firms, Meet Your New Regulator: Your Clients
While major banks, retailers, hospitals and insurance companies were the brick and mortar of a growing media monument to hubris and cyber overconfidence, law firm breaches went mostly unnoticed. That is, until government agencies and law enforcement grew concerned that the wealth of intellectual property curated by law firms could be used to manipulate financial markets by front running trades.
Features

Client Document Security Audits: Is Your Law Firm Ready?
It is essential for all law firms to safeguard their clients' documents against ever-evolving threats and thoroughly understand the security challenges and potential solutions in today's demanding world of legal document compliance.
Features

Looking to the FFIEC Revised Information Security Booklet for Best Practices in Data Security for Financial Institutions
The Federal Financial Institutions Examination Council (FFIEC) recently revised its Information Security Booklet. The changes bring the financial services industry closer to the goal of having a clearly defined set of cybersecurity and data protection protocols to ensure regulatory compliance.
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MOST POPULAR STORIES
- Protecting Innovation in the Cyber World from Patent TrollsWith trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or "patent trolls"), companies that don't make any products but instead seek royalties by asserting their patents against those who do make products.Read More ›
- Private Equity Valuation: A Significant DecisionInsiders (and others) in the private equity business are accustomed to seeing a good deal of discussion ' academic and trade ' on the question of the appropriate methods of valuing private equity positions and securities which are otherwise illiquid. An interesting recent decision in the Southern District has been brought to our attention. The case is <i>In Re Allied Capital Corp.</i>, CCH Fed. SEC L. Rep. 92411 (US DC, S.D.N.Y., Apr. 25, 2003). Judge Lynch's decision is well written, the Judge reviewing a motion to dismiss by a business development company, Allied Capital, against a strike suit claiming that Allied's method of valuing its portfolio failed adequately to account for i) conditions at the companies themselves and ii) market conditions. The complaint appears to be, as is often the case, slap dash, content to point out that Allied revalued some of its positions, marking them down for a variety of reasons, and the stock price went down - all this, in the view of plaintiff's counsel, amounting to violations of Rule 10b-5.Read More ›
- Meet the Lawyer Working on Inclusion Rider LanguageAt the Oscars in March, Best Actress winner Frances McDormand made “inclusion rider” go viral. But Kalpana Kotagal, a partner at Cohen Milstein Sellers & Toll had already worked for months to write the language for such provisions. Kotagal was developing legal language for contract provisions that Hollywood's elite could use to require studios and other partners to employ diverse workers on set.Read More ›
- Use of Deferred Prosecution Agreements In White Collar InvestigationsThis article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.Read More ›
- The DOJ Goes Phishing: The Rise of False Claims Act Cybersecurity LitigationWhile the DOJ Civil Cyber-Fraud Initiative is still in its early stages and cybersecurity regulations are evolving, whistleblower plaintiffs have already begun leveraging the FCA to pursue alleged noncompliance with government cybersecurity requirements.Read More ›