What Funds Can Take Away From SEC Cybersecurity Guidance
Posted on May 11, 2015 in Uncategorized | Comments Off on What Funds Can Take Away From SEC Cybersecurity Guidance
In late April 2015, the U.S. Securities and Exchange Commission responded to the heightened risk of data breaches at the entities it regulates by issuing prescriptive guidance on cybersecurity for all investment advisers and registered investment companies, including mutual funds, insurance separate accounts and business development companies (funds). In her article for Law360,...
SEC Updates Guidance on Cybersecurity
Posted on Apr 30, 2015 in Uncategorized | Comments Off on SEC Updates Guidance on Cybersecurity
Emphasizing the critical importance of cybersecurity to registered investment companies (RICs), including insurance separate accounts and business development companies, and to investment advisers, the SEC’s Division of Investment Management issued new Cybersecurity Guidance on April 28, 2015. As RICs and advisers become ever more dependent on information technology to conduct their...
Cyberthreat Data Sharing Legislation Advances
Posted on Apr 23, 2015 in Government | Comments Off on Cyberthreat Data Sharing Legislation Advances
The House on April 22 passed legislation granting liability protections to U.S. companies that share cyberthreat information with each other and the federal government. The Protecting Cyber Networks Act (H.R. 1560) would allow companies to voluntarily share information on cyberthreat indicators and defensive measures while requiring them to remove any personal data before providing the...
U.S. House Intelligence Committee Approves Protecting Cyber Networks Act
Posted on Mar 30, 2015 in Government | Comments Off on U.S. House Intelligence Committee Approves Protecting Cyber Networks Act
On Thursday, March 26, the U.S. House Intelligence Committee unanimously approved the text of the Protecting Cyber Networks Act (H.R. 1560), two days after it had been introduced. The bill is similar, but not identical, to the Senate’s Cybersecurity Information Sharing Act of 2015 (“CISA”), which was passed by the Senate Intelligence Committee on March 18. It is...
Proposed Cybersecurity Information Sharing Act of 2015
Posted on Mar 20, 2015 in Government | Comments Off on Proposed Cybersecurity Information Sharing Act of 2015
The U.S. Senate Intelligence Committee released the Cybersecurity Information Sharing Act of 2015 (S.754) on March 18, 2015. The bill would encourage the sharing of cybersecurity threat information, require measures to protect individual privacy and civil liberties interests, and offer liability protections to the private sector. Under the bill, information sharing would be voluntary,...
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