Featured

Spreading the word about cyber regulatory risk

So far 2018 has been a whirlwind of cyber regulatory activity, from the commencement of GDPR to new state-law data breach requirements to the New York State Department of Financial Services first compliance self-certification deadline. The complexity of the cyber legal landscape is only increasing, and in an effort to keep our clients ahead of the regulatory curve, the HSE Privacy and Data Security team has been on the road, spreading the word about cyber regulatory risk.

Continue reading

Featured

Altaba, Formerly Yahoo, Settles Data Breach with SEC for $35 Million

On April 24, 2018 the Securities and Exchange Commission (“SEC”) announced a settlement with Altaba, Inc., formerly Yahoo! Inc., for misleading investors by failing to disclose a data breach in which Russian hackers stole data for hundreds of millions of Yahoo accounts.  This settlement and penalty, the first by the SEC following a data breach, comes in the wake of recent SEC guidance on cybersecurity risks and disclosures.

Continue reading

Featured

Former Equifax Chief Information Officer Charged with Insider Trading Following Data Breach

On March 14, 2018, the Department of Justice (“DOJ”) and Securities and Exchange Commission (“SEC”) announced parallel criminal and civil charges against Jun Ying, the former Chief Information Officer of Equifax’s United States Information Systems, for selling his shares of Equifax stock before Equifax publicly announced that it had suffered an immense data breach.  These charges come in the wake of recent SEC guidance on ensuring corporate insiders do not trade in securities while in possession of material nonpublic information about cybersecurity incidents.

Continue reading

Featured

New Disclosure and Cybersecurity Guidance from the SEC

Adding to the chorus (or cacophony) of regulatory voices on the cybersecurity front, the SEC has recently issued new interpretive guidance concerning cybersecurity-related disclosures that public companies are required to make under federal securities laws.

Continue reading

Featured

NYS DFS Part 500 E-mails Have Some Confused

Last week, NYS DFS began sending out e-mail notices to individuals stating that they had failed to comply with the Certification of Compliance requirement under 23 N.Y.C.R.R. §  500.17(b), which mandates that a Covered Entity under the regulations certify compliance annually.  The deadline for certification was February 15, 2018.

Continue reading

Disclaimer

This website presents only general information not intended as legal advice. Although we encourage calls, letters and emails from prospective clients, please keep in mind that merely contacting Harter Secrest & Emery LLP (HSE) does not establish an attorney-client relationship between us. Confidential information should not be sent to HSE until you have been notified in writing by HSE that a formal attorney-client relationship has been established. Information sent to us before then may not be treated as confidential by HSE or the court.

I have read this and agree     Cancel