Eversheds Sutherland Cybersecurity and Privacy Insights Blog
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G-7 guidance on cybersecurity in the financial sector

The G-7 countries recently published important guidance on cybersecurity for the financial sector. While the aim of this guidance was harmonization, the practical reality remains one of piecemeal- and at times even conflicting – global, regulatory direction. To navigate this regulatory patchwork, international banks and financial institutions have to constantly assess the applicable...

Cyber Attacks on U.S. Power Grids Can Be Deterred With Password Changes

A key to preventing cyber attacks from crippling U.S. power grids could be changing passwords on internet routers, wifi-connected thermostats and smart lawn-sprinklers. “A significant share” of internet attacks result from unchanged factory default passwords on web-connected devices that allow hackers to break in and and install malware, according to a Jan. 18 report by the Advanced...

The High Stakes, High Seas Cyber Peril

Those who work in shipping are accustomed to the perils of the high seas, whether from storms, pirates, floods or fires. But now, a new danger is lurking—the possibility of a cyberattack. Despite the growing prevalence and severity of cyberattacks across industries, the shipping industry as a whole has been slow to react, and many are less than optimally prepared. When it comes to...

Is a cyber-attack ”Force Majeure”? Je ne crois pas!

Force majeure clauses are designed to address the risk of events which arise during the course of a contract and are beyond the control of the parties. These clauses can operate to suspend the performance of obligations for the duration of the force majeure and without liability, affording the affected party the opportunity to restore business-as-usual operations. They are the...

Cybersecurity is a Texas-Size Problem

Being home to one of the nation’s busiest ports, a world-renowned medical center and an epicenter of North American energy production is undoubtedly good for Texas businesses. However, Texas industries are increasingly becoming targets of global hackers. When it comes to cybersecurity, Texas has a bullseye painted on its back, and the cavalry won’t be riding to the rescue any time...

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