As we discussed in Part I of our data classification series, the regulatory expectation from both the SEC and the DOJ is that your firm will implement some form of a data classification system that will allow you to adequately protect your business’s sensitive information. In addition, a thoughtfully executed data classification system will [...]
Just weeks ago, SEC Commissioner Aguilar’s Chief of Staff noted that the SEC is about to enter “a time of great change” regarding regulation for breach disclosure. Just weeks later, the guidance from the Division of Investment Management reinforced this notion by commenting that “in the staff’s view, funds and advisers should [...]
Data Classification, Retention, and Security Part 1: What Do We Have Here? Recent SEC and DOJ guidance has placed great emphasis on Data Security through Data Classification. Regulators are expecting you to classify your information based upon criticality and sensitivity, but where do you begin? Take a minute and think about all the [...]
Legal and Financial firms should be aware of and understand the guidance offered by the U.S. Department of Justice, Criminal Division, Cybersecurity Unit, titled “Best Practices for Victim Response and Reporting of Cyber Incidents” which was issued last Friday, April 29, 2015. We sit up and pay attention when Executive Departments with [...]
The SEC has offered definitive guidance on Cybersecurity, tying failures or shortcomings in practices to specific Rules and Regulations and paving the way for potential enforcement. While we have been discussing the path the SEC was implying for some months in the wake of the Cybersecurity Sweep results of February 3, 2015, [...]