The Federal Financial Institutions Examination Council recently released an updated version of its Cybersecurity Assessment Tool, which, according to FFIEC, is designed to help the financial institutions voluntarily using the tool to “identify their cyber risks and determine their cybersecurity preparedness.” We explore the changes to the CAT in this post.
With cybersecurity issues evolving rapidly, every minute counts. Our new video series, Your Cyber Minute, is specifically designed for busy in-house counsel to gain practical perspectives – fast. This multi-part series is an extension of our Ready, Set, Respond resource portal and highlights today’s hottest topics in cybersecurity. Tune in to watch the first two installments and get the latest in what you need to know and how to better be prepared.
A recently-released research study published by Indiana University’s Bloomington School of Law highlights the rising importance of cybersecurity law and provides current insights on the role lawyers are playing to help protect companies from cyber threats. The study, entitled “The Emergence of Cybersecurity Law,” is based on a survey of corporate law departments as well as interviews conducted with lawyers, consultants, and academic experts.
A recent survey from the UK Government’s Department for Business, Innovation and Skills has highlighted that the majority of FTSE 350 firms are not regularly taking cyber risks into account in their decision making. Despite a growing international trend in cyber crime targeted at businesses, the survey showed that only 14 percent of FTSE 350 companies regularly consider cyber threats, and nearly half of those surveyed do not even include cyber risks on their company’s strategic risk register.
On 20 November 2013, Hogan Lovells hosted a cybersecurity seminar at its London offices, gathering a panel of experts in the field to discuss a subject that has become a growing concern for businesses worldwide. The seminar sought to address the cyber risks currently facing businesses, what businesses should do if a cyber attack occurs, the legal issues a business should consider when responding to a cyber attack, and the options for protecting your business with cyber risk and data protection insurance.