The Source for Cyber Insurance News, Insights and Data
The Securities and Exchange Commission (SEC) has created a new cyber unit, no doubt raising questions for cyber insurers about the potential impact of the changes on their liability, including from SEC cyber regulations involving disclosure of cyber attacks. Called the Cyber and Emerging Technologies Unit (CETU), it’s been formed “to focus on combatting cyber-related … Read more
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 Wolosky has delved into the crucial issues surrounding cyber risk management and the implications of these rules. Below we explore the insights shared by Bloomberg … Read more
We’ve written extensively about the SEC regulations requiring public companies to disclose material cyber events (see full regs and legal analysis of it here.) Analysis of the legal and business ramifications of the disclosure regime have raised a number of issues, including potential conflicts between the cyber and D&O or other policies of insureds hit … Read more
We’ve reported extensively on the new SEC rules requiring disclosure of material cyber events by US public companies (see the full reg and legal analysis of it and its implications here.) The new regulatory regime is just starting. A couple recent examples are the 8K disclosures file by Caesars, relatively detailed and with what we … Read more
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 Entertainment appeared to be proactive after its recent social-engineering breach that disclosed the driver’s license and/or social security numbers of loyalty program members. The attack … Read more