Eversheds Sutherland Cybersecurity and Privacy Insights Blog
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FINRA Warns Broker-dealers About Increase in Denial-of-service Attacks

Posted on Jun 22, 2015 in Uncategorized | Comments Off on FINRA Warns Broker-dealers About Increase in Denial-of-service Attacks
FINRA warned broker-dealers last week that several FINRA members have recently been the victims of distributed denial of service (DDoS) attacks from a criminal group known as DD4BC. (In general terms, a DDoS attack bombards a target website with messages in an effort to make the site unavailable to legitimate users.) According to FINRA, DD4BC first sends its target a ransom request for...
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Sutherland Conducts Extensive Cybersecurity Survey of Broker-dealers

Posted on Jun 18, 2015 in Financial Services | Comments Off on Sutherland Conducts Extensive Cybersecurity Survey of Broker-dealers
Sutherland attorneys Brian Rubin and Charlie Kruly, along with the Financial Services Institute (FSI), the trade association for independent contractor broker-dealers, recently conducted a survey of the cybersecurity practices of FSI members.  The survey covered many aspects of cybersecurity governance, including vendor management, technical safeguards, and cybersecurity policies and...
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Sutherland Partner Addresses Cybersecurity Concerns in TheStreet

Posted on Jun 16, 2015 in Financial Services, Government | Comments Off on Sutherland Partner Addresses Cybersecurity Concerns in TheStreet
Sutherland Partner Mary Jane Wilson-Bilik was recently quoted in TheStreet article “What Banks and the IRS Should Do to Prevent a Cyber 9/11” authored by  Marguerite Arnold. In this article, Mary Jane addresses cybersecurity threats and the potential impact a large-scale cyberattack may have on critical infrastructure.
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These Shoes Weren’t Made for Walking (and They Aren’t Too Good for Standing Either): Court Dismisses Post-Breach Case Against Zappos for Lack of Standing

Posted on Jun 8, 2015 in Uncategorized | Comments Off on These Shoes Weren’t Made for Walking (and They Aren’t Too Good for Standing Either): Court Dismisses Post-Breach Case Against Zappos for Lack of Standing
Last week yet another federal district court dismissed a post-data breach class action after concluding that the plaintiffs had not alleged any actual or imminent harm and, consequently, did not have standing to proceed. In re Zappos.com, Inc. Customer Data Security Breach Litig. MDL No. 2357, 12-cv-325 (D. Nev. June 1, 2015), arose out of a 2012 breach of Zappos’ servers, which...
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FBI Makes Broker-dealers an Offer They Can’t Refuse: Talk to Us About Cybersecurity

Posted on Jun 3, 2015 in Uncategorized | Comments Off on FBI Makes Broker-dealers an Offer They Can’t Refuse: Talk to Us About Cybersecurity
Speaking last week at FINRA’s annual conference in Washington, D.C., Donald Good, Assistant Director of the FBI’s Cyber Division, discussed steps the FBI is taking to help members of the securities industry deal with cyber-threats, as well as steps the FBI hopes firms will take in response.  For example, as the Department of Justice recently suggested, Good urged members of...
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