On March 7, 2018, Hunton & Williams LLP hosted a webinar with partners Lisa Sotto, Aaron Simpson and Scott Kimpel, and senior associate Brittany Bacon on the Securities and Exchange Commission’s (“SEC’s”) recently released cybersecurity guidance. For the first time since its last major staff pronouncement on cybersecurity in 2011, the SEC has released new interpretive guidance for public companies that will change the way issuers approach cybersecurity risk. Continue Reading Webinar Recording Available on SEC Cybersecurity Guidance
In a recent video, Hunton & Williams LLP’s partner Manuel (“Bing”) Maisog discusses the Standardization Administration of China’s recent specifications for security standards in China. The specifications will come into effect on May 1, 2018, and will act as a best practices guide for the collection and use of personal information. Bing provides an overview of the specifications, and also asserts that because the specifications are more straightforward and easy to understand than compulsory regulations, this is the best way for entities to begin the process of compliance with security requirements in China.
On January 23, 2018, multinational consulting firm Capgemini interviewed Bojana Bellamy, President of the Centre for Information Policy Leadership at Hunton & Williams, for their “Jane Meets” video series with the Chief Information Security Officer (“CISO”). Bellamy spoke with the CISO of Capgemini about companies’ readiness to comply with the EU General Data Protection Regulation (“GDPR”). In response to a question about the key responsibilities of a CISO in GDPR compliance, Bellamy said, “…where I see great involvement for CISO also is in ensuring that the company is ready to deal with security breaches. So it’s not just about preventing the breach, which is obvious, but it’s also about readiness to deal with the breach and readiness to then manage the breach and notify individuals and regulators, because that is what [the] GDPR requires.” Continue Reading CIPL President Bojana Bellamy Interviewed for Capgemini Video Series
In our final two segments of the series, industry leaders Lisa Sotto, partner and chair of Hunton & Williams’ Privacy and Cybersecurity practice; Steve Haas, M&A partner at Hunton & Williams; Allen Goolsby, special counsel at Hunton & Williams; and Eric Friedberg, co-president of Stroz Friedberg, along with moderator Lee Pacchia of Mimesis Law, continue their discussion on privacy and cybersecurity in M&A transactions and what companies can do to minimize risks before, during and after a deal closes. They discuss due diligence, deal documents and best practices in privacy and data security. The discussion wraps up with lessons learned in the rapidly changing area of data protection in M&A transactions, and predictions for what lies ahead.
In a video roundtable series, Hunton & Williams LLP partners Lisa J. Sotto and Steven M. Haas and special counsel Allen C. Goolsby, along with Stroz Friedberg’s co-president Eric M. Friedberg and Lee Pacchia of Mimesis Law, discuss the special consideration that should be given to privacy and cybersecurity risks in corporate transactions. Continue Reading Privacy and Data Security Risks in M&A Transactions: Video Series
On July 27, 2017, Lisa Sotto, chair of Hunton & Williams LLP’s Global Privacy and Cybersecurity practice, appeared live on Washington, DC’s Fox TV to discuss the ID theft issue involving former Dallas Cowboys player Lucky Whitehead, and to warn against the risk of identity theft. Sotto cautions that identity thieves who are determined and looking to do harm “will find [personal data].” According to Sotto, consumers “leave footprints everywhere online.” To mitigate risk of identity theft, Sotto advises against freely providing a Social Security number, shredding bank account statements, using complex passwords and avoiding public WiFi when checking bank accounts.
In the third segment of this three-part series, Lisa Sotto, head of the Global Privacy and Cybersecurity practice at Hunton & Williams, discusses with The Electronic Discovery Institute how to respond to a data breach. It’s necessary, says Sotto, to have appropriate processes in place before a breach occurs. The “most important first step is to ensure that, when an issue arises, it’s escalated appropriately.”
In the second segment of this three-part series, Lisa Sotto, head of the Global Privacy and Cybersecurity practice at Hunton & Williams, discusses with The Electronic Discovery Institute the types of security threats facing global companies. “No industry is exempt; every company faces this threat. The bottom line is that cyber attackers are not discriminating,” Sotto warns. In this segment, Sotto describes the various threat actors and types of attacks to which companies are most vulnerable.
In the first segment of this three-part series, Lisa Sotto, head of the Global Privacy and Cybersecurity practice at Hunton & Williams, discusses information security law issues with The Electronic Discovery Institute. “[Information security] is a significant risk issue” and should be “at the top of the radar screen” for C-suites and boards of directors, says Sotto. In this segment, Sotto addresses U.S. and global data breach notification laws.
As companies in the EU and the U.S. prepare for the application of the EU General Data Protection Regulation (“GDPR”) in May 2018, Hunton & Williams’ Global Privacy and Cybersecurity partner Aaron Simpson discusses with Forcepoint the key, significant changes from the EU Directive that companies must comply with before next year. Accountability, expanded data subject rights, breach notification, sanctions and data transfer mechanisms are a few requirements that Simpson explores in detail. He reminds companies that, in the coming year, it will be very important to “monitor…and stay aware of the guidance being produced by regulators,” but also that the guidance is not a substitute for the specific preparations that each business will need to perform in order to comply with the GDPR.