If your company collects credit cards, financial data or
other personal information from consumers online, make sure you review your
insurance portfolio to ensure your company is covered in the event of a
"cyber attack." While virtually all companies have third-party
On this edition, David Bender, solo practitioner and Adjunct Professor
at the University of Houston Law Center, discusses why privacy is so
important, practical tips for dealing with a data security breach,
federal statutes and state laws that come into play and emerging issues
in data privacy. Mr...
Smaller companies increasingly are the subject of data
breaches and those smaller companies "are the number-one target of
cyber-espionage attackers," according to a recent study detailed in a April 24,
2013 CFO.com article entitled "Should You Consider Cyber Insurance?" ( here...
One of the things that has long puzzled me is what led to
the significant rise in the enforcement of the Foreign Corrupt Practices Act
(FCPA) beginning in the 2003-2004 time frame? One of the more consistent
theories that I have heard proffered, by Dan Chapman, *** Cassin, Alexandra
Wrage and others...
Cyber security and related privacy issues increasingly
dominate the headlines. And for good reason: according to statistics cited in a
Wall Street Journal article , cyber attacks --ranging from
malicious software to denial of service attacks - increased 42% in 2012. The
trend has only accelerated...
It has been nearly two years since the SEC Division of Corporate Finance issued its Disclosure Guidance on cybersecurity risks. During this period reporting companies have had the opportunity to incorporate disclosures in their reporting documents about the cybersecurity risks they face. To develop a...
The flood of recent articles disclosing that the National Security Agency has engaged in a massive acquisition of information concerning the telephone communications of millions of Americans has shocked many. While sensationalizing this acquisition, most articles avoid discussing whether...
The threat of a cybersecurity breach is unfortunately one of the ongoing business risks companies face in the current operating environment. For that reason, corporate disclosures of cyber-breach related risks have been a priority of the SEC’s Division of Corporate Finance as well as the agency’s...
As if it were not bad enough that hackers are attacking retail businesses like Target and Neiman Marcus to obtain consumer credit card information, it turns out that the bad guys are also targeting health-care records. According to sources cited in a February 18, 2014 Wall Street Journal report entitled...