Eversheds Sutherland Cybersecurity and Privacy Insights Blog
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FinCEN advisory highlights increased cybercrime risks during COVID-19

FinCEN Advisory Zeroes in on Opportunistic Cybercrime During the COVID-19 Pandemic: Cybercriminals are hard at work taking advantage of weaknesses in remote processing; FinCEN issues Advisory highlighting red flags that compliance officers should be familiar with to help shore up compliance gaps; Advisory issuance signals possible increased attention by FinCEN on these crimes and...

Microsoft – Eversheds Sutherland Whitepapers: Responding to the evolving cyberthreat landscape in the financial services sector

Eversheds Sutherland, in collaboration with Microsoft, is delighted to announce the launch of our latest thought leadership paper on cyber threats to the financial services sector. The biggest changes to the threat environment are the growing scale, frequency and sophistication of the attacks—as well as the identity of the actors and their objectives. It is no longer just about theft...

In the spotlight—Cyber resilience and risks around outsourcing

The operational resilience of financial institutions has come under increased scrutiny following a number of recent high-profile IT failures and cyberattacks. Operational resilience itself is much broader than merely IT and cyber events: it covers events ranging from natural disasters to civil unrest, and those impacting critical national and market infrastructure. Learn...

The global cyber scourge continues— Hong Kong Monetary Authority alerts banks on recent cyber security incidents

On May 24, 2019, the Hong Kong Monetary Authority (HKMA) issued an alert regarding eight cyber security incidents involving a total sum of HK$70,000 (Alert). While not necessarily a lot of money, it is a timely reminder to banks and the public to stay vigilant across global operations, and to maintain an up-to-date global regulatory strategy. Introduction From the Alert, three banks...

Cybersecurity and Data Privacy review and update: Looking back on 2018 and planning ahead for 2019

From the implementation of the GDPR to the passage of the CCPA, the year 2018 proved to be a monumental one for cybersecurity and data privacy. Regulators from around the world responded to devastating, large-scale cyber-attacks, and a desire for their citizens to have more control over their data, by passing a wide range of regulations aimed at protecting consumer information. These...

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