Cybergovernance Journal Update – 3/10/17
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How Will Cyber Risk Evolve D&O?
LinkedIn Pulse, Mar. 7
Organizations fear increasing their cyber exposure by releasing details of their internal cyber measures. In our experience, companies will share anonymized internal data if two conditions are met.
Using the SAFETY Act to Comply with NY Cyber Rules
Law360, Mar. 3
There’s a straightforward way to reassure shareholders, board members, and senior officers that their risk assessment and cybersecurity program writ large is reasonable: run it through the U.S. Department of Homeland Security’s SAFETY Act…
New York Tightens Screws on 3rd Party Cyber-Risk
FinOps, Mar. 8
Bank compliance directors should be concerned about how rigorously the DFS will enforce its new rules. In the past, DFS has imposed steep fines on banks that failed to implement its anti-money laundering rules so it stands to reason it also won’t be lax when it comes to its cybersecurity rules…
Comey Keynoted the Inaugural Boston Conference on Cyber Security
FBI News, Mar. 8
The public and private sector can help deter this behavior, said Comey, by reducing vulnerabilities, reducing the threat by holding accountable those who are responsible, and mitigating the damage. He also laid out the Bureau’s five-part strategy to address cyber intrusions…
Julian Assange Says WikiLeaks Will Share CIA Code With Tech Companies
NPR, Mar. 9
The CIA hasn’t confirmed the authenticity of the documents released in the dump, but has criticized WikiLeaks for what it says is an attempt to undermine the agency’s operations. The agency denied that it targets Americans through electronic surveillance, saying the agency “is legally prohibited” from targeting Americans…
Home Depot to Pay $25M to Settle Banks' Data Breach Claims
Law360, Mar. 9
Financial institutions that file a valid claim will be eligible to receive a fixed payment estimated to be $2 per compromised card without having to submit documentation of their losses…