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Four companies have settled charges by the Securities and Exchange Commission (SEC) that they made “materially misleading disclosures” after being breached in 2020 by the SolarWinds’ Orion software hack (US…
Anne Neuberger, the U.S. Deputy National Security Adviser for Cyber and Emerging Technology, wrote an opinion piece in the Financial Times on the evolving nature of ransomware attacks and the…
In response to the European Union’s stringent new Network and Information Security Directive cybersecurity regulations (NIS2), Bitsight, a global cyber risk management firm, has announced significant investments to enhance its…
Read More “Bitsight Launches Enhanced Cyber Risk Management Features for EU Regulation Compliance” »
Starting December 18, 2023, publicly traded companies in the US will be required to disclose material cybersecurity incidents to the Securities and Exchange Commission (SEC). If an organization determines a…
“Cyber Risk Accumulation: Fully Tackling the Insurability Challenge’” is a useful new report from The Geneva Association (GA), “a global association of insurance and reinsurance CEOs and think tank for…
Progress Software Corporation (PRGS) is the provider of MOVEit Transfer software, a program responsible for what is widely considered the largest hack so far in 2023, impacting at least 2,000…
The cybersecurity landscape is evolving rapidly, and the recent SEC (Securities and Exchange Commission) rules have added a new layer of complexity for public companies. Jeremy King of Olshan Frome…
Read More “New SEC Rules: Impact on Cyber Insurance Industry” »
We’ve told you about the new SEC rules requiring disclosure by public companies of material cyber attacks within four business days. The rules are still being phased in, but Caesars…
Read More “The Caesar’s Attack as Reported in a Public Disclosure” »
“’There’s been a hole that’s opening up between cyber and D&O policies, and this will widen the gap and require creative work by brokers to close, (Arturo Perez-Reyes, senior vice…
Here are some of the new reports from law firms about the SEC Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure rules (see a useful observation from Woodruff Sawyer after…