The SEC looks to be under pressure from Senators calling for it to go further following last weeks proposal to regulate cybersecurity for investment funds. Senators are asking for publicly traded companies to disclose to investors if they have a…
If you are a defense contractor then the enclosed is an important read. The Aerojet Rocketdyne False Claims Act, DFARS 252.204-7012, cybersecurity compliance case continues despite attempts to derail it. Opinions on various cross-motions received summary judgements that may not…
Last week 7 US Senators wrote to the Chair of the SEC asking him to do MORE to address cybersecurity, prior to his recent release of cybersecurity regulatory proposals aimed at Investment funds. ‘We write to urge the Securities and…
Last week the Securities and Exchange Commission (SEC) published the enclosed comprehensive proposal for cyber-risk management regulation for investment funds and advisers. It is a comprehensive 243 document that outlines cybersecurity for the investment industry that includes the necessary policies,…
The SEC launched a clear first cyber shot across the bows of corporate America this week in a 3:1 vote by SEC commissioners, proposing to implement cyber regulation for investment funds and advisers. The Chair of the SEC has described…
Russia has decided not to ban crypto currencies outright but to adopt a regulatory approach to oversight. Following what appears to be a similar approach to that by the US. As there is a move to regulate crypto exchanges and…
I have enclosed a very useful podcast from US Attorneys Hogan Lovells, on the application of the False Claims Act (FCA) to cybersecurity regulations in the US. The Department of Justice (DoJ) announced a cyber fraud initiative in October 2021…
Thank you Luca Leone. An already strained DIB makes the additional burden of cybersecurity requirements lower down the supply chain difficult to implement. Requiring careful consideration to burden and cost while maintaining cybersecurity standards to protect the loss of the…
The enclosed statement by the Chair of the SEC Gary Gensler is a very significant for cybersecurity. Announcing a proposal by the SEC for cybersecurity reforms aimed at the Investment management industry. The 243 page document sets out requirements for…
The European Central Bank (ECB) is warning EU banks to prepare for Russian state sponsored cyber attacks ahead of the recent tensions between East and West. I do hope that tension can be deescalated over the coming weeks. Financial infrastructure…
