On October 30, 2023, the U.S. Securities and Exchange Commission announced charges against SolarWinds Corporation and its Chief Information Security Officer, Timothy G. Brown, for fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities.
Continue Reading SEC Charges SolarWinds and SolarWinds’ CISO with Fraud and Internal Control Failures
Securities and Exchange Commission
Reducing Risks from Cyber Incidents with Cyber and D&O Insurance
Posted on
Hunton recently published a client alert discussing the importance of cyber and directors and officers liability insurance for companies and their executives to guard against cyber-related exposures. This blog entry provides a link to download the client alert.
Continue Reading Reducing Risks from Cyber Incidents with Cyber and D&O Insurance
SEC Adopts Final Public Company Cybersecurity Disclosure Rules
Posted on
On July 26, 2023, the U.S. Securities and Exchange Commission adopted long-anticipated disclosure rules for public companies by a 3-2 party-line vote. The final rules apply both to U.S. domestic public companies, as well as any offshore company that qualifies as a “foreign private issuer” under SEC rules due to a strong nexus to the U.S. capital markets. The new rules are effective as soon as December 18, 2023, and we provide further details in this blog post.
Continue Reading SEC Adopts Final Public Company Cybersecurity Disclosure Rules
SEC Advances Three New Cybersecurity Rule Proposals
Posted on
On March 15, 2023, the Securities and Exchange Commission proposed three rules related to cybersecurity and the protection of consumers’ information.
Continue Reading SEC Advances Three New Cybersecurity Rule Proposals
SEC Brings Cyber Disclosure Enforcement Action
Posted on
On March 9, 2023, the U.S. Securities and Exchange Commission announced settled administrative charges against Blackbaud Inc.
Continue Reading SEC Brings Cyber Disclosure Enforcement Action
2022 Retail Industry Year in Review
Posted on
Posted in Cybersecurity
On January 25, 2023, Hunton Andrews Kurth’s retail industry team released its annual Retail Industry in Review publication, which provides an overview of key issues and trends that impacted the retail sector in the past year, as well as a preview of relevant legal issues retailers can expect to arise in 2023.
Continue Reading 2022 Retail Industry Year in Review
SEC Fines Morgan Stanley $35 Million for Alleged Failure to Protect Customer Data
Posted on
Posted in Financial Privacy, Information Security
On September 20, 2022, the U.S. Securities and Exchange Commission announced that Morgan Stanley Smith Barney agreed to pay a $35 million fine for the firm’s alleged failure to adequately protect the personal information of approximately 15 million customers.
Continue Reading SEC Fines Morgan Stanley $35 Million for Alleged Failure to Protect Customer Data
The SEC Charged Several Individuals and Entities in a Fraudulent Hacking Scheme
Posted on
On August 16, 2022, the Securities and Exchange Commission charged 18 individuals and entities in relation to their involvement in a fraudulent hacking scheme. …
Continue Reading The SEC Charged Several Individuals and Entities in a Fraudulent Hacking Scheme
T-Mobile to Pay $500 Million to Settle Claims Related to 2021 Breach
Posted on
On July 22, 2022, T-Mobile entered into an agreement to settle a class action lawsuit stemming from its 2021 data breach. …
Continue Reading T-Mobile to Pay $500 Million to Settle Claims Related to 2021 Breach
President Biden Issues Executive Order on Digital Assets
Posted on
Posted in Financial Privacy
On March 9, 2022, the Biden Administration released its much-anticipated “Executive Order on Ensuring Responsible Development of Digital Assets”. …
Continue Reading President Biden Issues Executive Order on Digital Assets