Eversheds Sutherland Cybersecurity and Privacy Insights Blog
content top

Protecting your assets Block and tackle—unclaimed property and cryptocurrency

As promoters of cryptocurrencies and digital-asset exchanges face intense scrutiny from tax, securities and other financial services regulators, they will soon have to contend with unclaimed property (or escheat) laws in the United States. This article explores how these laws could apply to cryptocurrency exchanges, hosted wallets, and other market participants, such as banks,...

It’s a material world—why the SEC’s Yahoo! penalty really matters

Determining whether to notify when struck by a cyberattack can be a complex undertaking, but the SEC’s recent $35 million penalty levied on Yahoo! Inc. for untimely disclosure of its breach raises the stakes for corporations. The need for a proactive, well-thought out regulatory notification strategy, and an awareness of the dangers of default non-disclosure positions, has never been...

The SEC wants companies to talk about cybersecurity

On February 21, 2018, the Securities and Exchange Commission issued an interpretive release providing important guidance to certain registrants on cybersecurity disclosure. The guidance makes clear its view that material risks or incidents related to cybersecurity fall within a company’s ongoing obligation to disclose material information in current and periodic reports. The guidance...

Insurers May Not be Able to Avoid Blockchain, Virtual Currencies ‘Sweeping Through Industry’

Virtual currency, such as bitcoin, is an unregulated digital form of currency that can be used as a substitute for legally recognized currency and eliminates the so-called “middle-man,” which includes banks and clearing houses. Learn more.

SEC Enforcement: Where do we come from? Where are we going?

In Dan Brown’s latest best-seller, “Origin,” he explores the questions: (1) Where do we come from (meaning, how did life get formed)? and (2) Where are we going (or, how will we evolve)? While the US Securities and Exchange Commission (SEC) Division of Enforcement’s “Annual Report, A Look Back at 2017” is no “Origin,” “The Da Vinci Code” or even...

« Older Entries