A survey by KPMG LLP of senior U.S. real estate executives further finds that uncertainties over President Trump's tax and regulatory policies, rising interest rates and the threat of data breaches and
other cybersecurity risks have not dampened bullishness among real estate owners and investors.
Not exact matches
The alert noted that in a recent SEC Office of Compliance Inspections and Examinations study of 75 financial firms, 5 percent of broker - dealers and 26 percent of advisors and investment funds did not conduct periodic
risk assessments of critical systems to uncover vulnerabilities, potential business consequences and
other cybersecurity threats.
At least four states have moved to imposed some form of departmental
cybersecurity rules on businesses, led by New York, which now requires financial companies to certify that they've addressed, among
other things, third - party
risks.
Other concerns reported were healthcare costs and
cybersecurity risks.
It's an indication that regulators are catching up with trends in the
cybersecurity industry — considering that
cybersecurity practitioners have been increasingly emphasizing the growing
risks related to vendors, business associates and
other third parties.
The framework allows organizations — regardless of size, degree of cyber
risk, or
cybersecurity sophistication — to apply the principles and best practices of
risk management to improve the security and resilience of critical infrastructure (as well as
other information systems).
The team's hands - on business experience in managing information technology
risk allows them to provide practical, business - focused counsel on all aspects of information policy, security, data storage and management, regulatory compliance and
other cybersecurity matters.
Kathleen M. Porter, data privacy and security transactional lawyer, presented «
Cybersecurity and Privacy in Deals: Managing Cyber
Risk in M&A, Outsourcing, Cloud and
other Commercial Deals» at the Practising Law Institute's (PLI) Seventeenth Annual Institute on Privacy and Data Security Law in Chicago with Rebecca Eisner of Mayer Brown LLP on July 12, 2016.
For the third year, Ms. Porter and her co-panelist, Rebecca Eisner of Mayer Brown LLP, spoke to the 100 - plus attendees on «
Cybersecurity and Privacy in Deals: Managing Cyber
Risk in M&A, Outsourcing, Cloud and
other Commercial Deals.»
The regulation does not specify the form that the program must take, but requires that it be «designed to perform the following core
cybersecurity functions:» (1) identify internal and external cyber risks by, at a minimum, identifying the Nonpublic Information stored on the Covered Entity's Information Systems, the sensitivity of such Nonpublic Information, and how and by whom such Nonpublic Information may be accessed; (2) use defensive infrastructure and the implementation of policies and procedures to protect the company's Information Systems and the Nonpublic Information stored on those Information Systems, from unauthorized access, use or other malicious acts; (3) detect Cybersecurity Events - which are defined broadly to include «any act or attempt, successful or unsuccessful, to gain unauthorized access to, disrupt or misuse an Information System or information stored on an Information System;» (4) respond to identified or detected Cybersecurity Events to mitigate any negative effects; (5) recover from Cybersecurity Events and restore normal operations and services; and (6) fulfill all regulatory reporting
cybersecurity functions:» (1) identify internal and external cyber
risks by, at a minimum, identifying the Nonpublic Information stored on the Covered Entity's Information Systems, the sensitivity of such Nonpublic Information, and how and by whom such Nonpublic Information may be accessed; (2) use defensive infrastructure and the implementation of policies and procedures to protect the company's Information Systems and the Nonpublic Information stored on those Information Systems, from unauthorized access, use or
other malicious acts; (3) detect
Cybersecurity Events - which are defined broadly to include «any act or attempt, successful or unsuccessful, to gain unauthorized access to, disrupt or misuse an Information System or information stored on an Information System;» (4) respond to identified or detected Cybersecurity Events to mitigate any negative effects; (5) recover from Cybersecurity Events and restore normal operations and services; and (6) fulfill all regulatory reporting
Cybersecurity Events - which are defined broadly to include «any act or attempt, successful or unsuccessful, to gain unauthorized access to, disrupt or misuse an Information System or information stored on an Information System;» (4) respond to identified or detected
Cybersecurity Events to mitigate any negative effects; (5) recover from Cybersecurity Events and restore normal operations and services; and (6) fulfill all regulatory reporting
Cybersecurity Events to mitigate any negative effects; (5) recover from
Cybersecurity Events and restore normal operations and services; and (6) fulfill all regulatory reporting
Cybersecurity Events and restore normal operations and services; and (6) fulfill all regulatory reporting obligations.
Dan represents both individuals and corporations in matters before the Department of Justice and
other federal and state enforcement agencies, and counsels clients on
risk mitigation strategies with respect to
cybersecurity, anti-corruption, sanctions and anti-money laundering issues.
The first edition of the handbook was developed by the ABA
Cybersecurity Legal Task Force in response to what the task force saw as general unawareness about the cyber
risks faced by law firms, and the benefits of sharing information about data - breach incidents with law enforcement and
other businesses.
In addition to these areas of responsibility, general counsel are evolving their roles to encompass
other areas, such as corporate governance, enterprise
risk and even IT and
cybersecurity risk.
However, there are
other, newer investors who are believers in the concept of a more decentralized transaction system, particularly in light of increased
cybersecurity risks, as well as widespread geopolitical uncertainty.
By applying principles of predictive analysis to reduce
risk in
cybersecurity, as in
other types of crime prevention, is it possible to stem the tide?
While Huawei maintains that it «poses no greater
cybersecurity risk than any [information and communications technology] vendor,» the heads of the FBI, CIA, and NSA and
other major intelligence agencies all claim otherwise.