Is the Shipping Industry on Cybersecurity Autopilot?
Posted on Aug 14, 2017 in Uncategorized | Comments Off on Is the Shipping Industry on Cybersecurity Autopilot?
In his article for The Maritime Executive, Eversheds Sutherland (US) Partner Michael Bahar provides insight on the cyber risks associated with the possibility of automated ships and what the US House Intelligence Committee and the US Coast Guard are doing to mitigate these risks. Ultimately, for the maritime industry and for those industries reliant on the maritime industry, Michael...
NAIC Takes Major Step Toward Final Approval of Insurance Data Security Model Law
Posted on Aug 14, 2017 in Uncategorized | Comments Off on NAIC Takes Major Step Toward Final Approval of Insurance Data Security Model Law
In a flurry of approvals last week, the National Association of Insurance Commissioners (NAIC) took substantial steps toward finalizing its proposed Insurance Data Security Model Law during the 2017 NAIC Summer National Meeting in Philadelphia. The Model Law establishes minimum cybersecurity standards consistent with New York’s cybersecurity regulation. The approval of the Model Law by...
Toward a Culture of Continuous Cybersecurity
Posted on Aug 10, 2017 in Cybersecurity | Comments Off on Toward a Culture of Continuous Cybersecurity
The SEC’s Office of Compliance Inspections and Examinations (OCIE) just issued a “Risk Alert” containing the results of its Cybersecurity 2 Initiative. In their article for Law360, which analyzes the OCIE Alert, Eversheds Sutherland (US) Partners Michael Bahar and Brian Rubin write that the SEC supports the notion that effective cybersecurity is not a matter of one-and-done, but rather...
What European Financial Institutions need to know about New York’s Cybersecurity Regulations
Posted on Aug 1, 2017 in Uncategorized | Comments Off on What European Financial Institutions need to know about New York’s Cybersecurity Regulations
From 28 August 2017, banks, insurers, and other financial institutions operating in New York will be required to comply with the New York Department of Financial Services (“NYDFS”) Cybersecurity Requirements for Financial Services Companies (the “Regulations”). Finalized on March 1, 2017, firms had 180 days from the effective date to comply with the core requirements of the...
The FTC is Watching When Your Children’s Toys are Listening
Posted on Aug 1, 2017 in Government | Comments Off on The FTC is Watching When Your Children’s Toys are Listening
In his article published by The Hill, Eversheds Sutherland (US) Partner Michael Bahar provides insight on the recent Federal Trade Commission (FTC) update to its Children’s Online Privacy Protection Act (COPPA) compliance plan. The update is the latest in a series of regulatory moves to bring attention to the serious cybersecurity and data privacy issues latent in the ever-expanding...
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