The Evolving Legal Framework Regulating Commercial Data Security Standards, an article by Hogan Lovells associate Bret Cohen, was featured in the January/February 2014 cybersecurity law issue of the Maryland Bar Journal. The article covers the sources of regulation and potential legal liability in the U.S. for businesses who experience data security breaches, including general consumer protection laws, state data security laws, federal sectoral laws, and consumer class action litigation.
The Organization for Economic Cooperation and Development (OECD) has released a revision of its 1980 Privacy Guidelines. The fundamental elements of the original guidelines, the Fair Information Practice Principles (FIPPs), remain in place, but the OECD recognizes the revolutionary changes in technology since the first OECD Guidelines, and the importance of the digital economy and [...]
Development of the new Cybersecurity Framework is now in full swing. President Obama’s Executive Order on Improving Critical Infrastructure Cybersecurity (which we previously covered) calls on NIST to lead the development of a Cybersecurity Framework that will provide “a set of standards, methodologies, procedures, and processes that align policy, business, and technological approaches to address [...]
Hogan Lovells partner Harriet Pearson has authored an article in Bloomberg BNA’s Privacy and Security Law Report. In “Cybersecurity: the Corporate Counsel’s Agenda” she describes why cybersecurity has become the biggest concern of general counsel and corporate board members. She then lays out a ten-point agenda for corporate counsel to help their companies manage cybersecurity risk.
A financial services industry group recently released guidance on managing the risks associated with using social media such as Facebook and Twitter. The guidance, titled “Social Media Risks and Mitigation,” was released this week by BITS, a division of the Financial Services Roundtable, which represents 100 of the largest financial services companies. The guidance includes tips on managing numerous concerns specific to financial institutions, which are increasingly using social media in their marketing and customer relationship activities.
News of an innovative client program, a strategic risk management relationship with Hogan Lovells offering proactive resources and advice to manage privacy and data security risks, as well as just in time support and access to counseling in the event of an information breach.