This past summer’s string of cyber enforcement actions signals that cybersecurity has become a top priority for the US Securities and Exchange Commission (“SEC”). These enforcement actions highlight the SEC’s scrutiny of written documentation and disclosures following incidents. In this National Cybersecurity Awareness Month Legal Update, we discuss the SEC’s recent cyber enforcement actions, as
Julie L. Sweeney
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SEC Increasingly Turns Focus Toward Strength of Cyber Risk Disclosures
On June 11, 2021, the US Securities and Exchange Commission (“SEC” or “Commission”) announced that it would focus on cybersecurity disclosures made by public companies as part of its regulatory agenda. Given the SEC’s continued interest in cybersecurity issues, high-profile ransomware attacks and executive orders issued by President Biden, it is no surprise that the
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SEC Increasingly Turns Focus Toward Strength of Cyber Risk Disclosures
On June 11, 2021, the US Securities and Exchange Commission (“SEC” or “Commission”) announced that it would focus on cybersecurity disclosures made by public companies as part of its regulatory agenda.1 Given the SEC’s continued interest in cybersecurity issues, high-profile ransomware attacks and executive orders issued by President Biden, it is no surprise…
5 Priorities for Managing Industrial Cyber Legal Risk
Recent events have left no doubt: cyber attacks already present a substantial threat to critical infrastructure and other industrial systems. Companies in the energy, chemicals, transportation, manufacturing, infrastructure or other relevant sectors should understand and be able to respond to these threats. Indeed, numerous reports have described sophisticated nation state actors’ efforts to compromise the…