FFIEC Released Two Statements on Compromised Credentials and Destructive Malware
The FFIEC provided two statements in order to notify financial institutions of the growing trend of cyber-attacks involving destructive malware and obtaining online credentials for theft, fraud or business disruption Sources: FFIEC Statement on Destructive Malware (PDF) FFIEC Statement on Compromising Credentials (PDF) What does this mean for Financial Institutions? These statements do not contain any new regulatory expectations for financial institutions. They are intended t
5 cybersecurity questions in-house counsel should consider in light of the Sony breach
In-house counsel should be able to answer these questions about his or her organization’s legal and business cybersecurity risk profile BY DAVID FAGAN, JAMES GARLAND, KURT WIMMER
FEBRUARY 19, 2015 In the wake of the much publicized North Korean cyber-attacks against Sony — as well as recent favorable rulings for the plaintiffs in class action lawsuits pending against Target — cybersecurity is at the forefront of many corporate boards’ and general counsels’ agendas for the c