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Join the Securities Litigation and Enforcement Group on LinkedInRecent Cyber Attacks Target Asset Management Firms – Lexology
A recent flurry of cyber attacks on asset managers should remind asset management firms and other financial institutions that they are attractive targets for cyber-exploitation and need to remain vigilant and institute appropriate preventative controls and monitoring procedures, as well as post-attack action plans. Many companies still see cyber attacks as one-off, anomalous events. But […]
When to Report a Cyberattack? For Companies, That’s Still a Dilemma – The New York Times
This tension between the need for discreet cooperation with law enforcement and the obligation to inform investors and the markets creates a dilemma for public companies. Unfortunately, the commission’s updated guidance provides little direction to corporate leaders confronting these conflicting demands. While the guidance acknowledges that it will often take time to “discern the implications” […]