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Tag Archives: cyber risk

Posted in Cybersecurity & Data Breaches, Employment Privacy

Managing Workforce Cyber Risk in a Global Landscape: A Legal Review

Whether malicious or inadvertent, workforce actions cause or contribute to over half of cyber attacks experienced by organizations. Protecting against such “insider” cyber risks can be challenging, especially given the global web of privacy, communications secrecy, and employment laws that may be implicated by monitoring workforce use of IT resources. Harriet Pearson and James Denvil, lawyers in the Hogan Lovells Privacy and Cybersecurity practice, have led the authorship of a white paper to help companies understand and navigate the workforce cyber risk landscape. An international team of privacy and cybersecurity lawyers from Hogan Lovells and select local counsel firms contributed to the analysis.

Posted in Cybersecurity & Data Breaches

Cybersecurity Regulation in Asia: The Tightening Lines of Defense

In September, we proudly launched our online client cybersecurity resource portal: Ready, Set, Respond. The portal was designed by our cross-practice team of global practitioners to provide in-house counsel with the tools they need to not only prepare for the inevitable cybersecurity incident, but quickly and easily stay up to date on the evolving state of cybersecurity regulation around the world. Today, we’re taking a closer look at the Asia region with our partner Mark Parsons. Visit Ready, Set, Respond for more information or to take advantage of the tools and data available there.

Posted in Cybersecurity & Data Breaches, News & Events

Hogan Lovells Expands Cybersecurity Practice; Launches Cyber Risk Services

Anyone reading this blog already knows that cybersecurity is a team sport. No longer does the IT security department bear sole responsibility for protecting a company’s data and systems. Today companies are setting up enterprise-wide councils to oversee cybersecurity that include lawyers, risk managers, technical professionals, and other leaders. And if a breach occurs, that […]

Posted in Cybersecurity & Data Breaches

Cybersecurity Remains A Top Concern Facing Corporate Directors and General Counsel

For the second year in a row, corporate directors and general counsel have ranked cybersecurity as a top-of-mind concern. On May 8, Corporate Board Member and FTI Consulting released the results of their 2013 Law in the Boardroom survey of over 550 directors and general counsel. As the report notes, “the newest area of major concern continues a trend noted in last year’s study: data security and IT risk is one of the most significant issues for both directors and general counsel.” Hogan Lovells partner Harriet Pearson explained why cybersecurity has become a top-of-mind concern as part of her article on “Cybersecurity: the Corporate Counsel’s Agenda,” which presented a ten-point agenda for managing cyber risk.

The survey found that data security was a close second for both directors and general counsel on the list of issues that will keep them up at night. And more than a quarter of all respondents ranked cyber risk oversight as an area that will require their attention in 2013. These results are unsurprising given the past year’s heightened congressional and executive scrutiny on cybersecurity issues (e.g., congressional hearings on cybersecurity and NIST’s development of a Cybersecurity Framework), coupled with increasing media coverage of cybersecurity incidents such as this report on a coordinated “cyberheist” that stole $45 million from 2,904 ATMs in a matter of hours.