Cybersecurity & Data Protection
Cyber incidents and data breaches can trigger serious and lasting reputational, legal and business harm. We help clients manage and respond to fast-moving cyber crisis situations, while advising them on effective, proactive strategies to reduce risk by preparing for a cyber incident before it occurs.
In this video, litigation partner and former Secretary of Homeland Security Jeh Johnson discusses the current state of cybercrime, as well as fundamental steps companies can take to protect against a cyber-attack.
The Regulatory and Enforcement Outlook for Financial Institutions in 2017: Trends in Sanctions, Anti-Money Laundering and Cybersecurity
- Anti-Corruption & FCPA
- Cybersecurity & Data Protection
- Economic Sanctions & AML
- Financial Institutions
- White Collar & Regulatory Defense
- H. Christopher Boehning
- Susanna M. Buergel
- Jessica S. Carey
- Michael E. Gertzman
- Roberto J. Gonzalez
- Jeh Charles Johnson
- Brad S. Karp
- Lorin L. Reisner
- Richard C. Tarlowe
- Richard S. Elliott
- Evan J. Meyerson
- Jeffrey Newton
- Andrew D. Reich
- Kaveri Vaid
- Sarah K. Weber
- Kamil Ammari
Economic sanctions, anti-money laundering and cybersecurity remain at the forefront of U.S. regulatory priorities. In this memorandum, we survey major developments and trends in these areas in 2016 and early 2017 and provide an outlook for financial institutions in the year ahead.
In this video, litigation partner Roberto Gonzalez discusses the implications of the New York Department of Financial Service's landmark cybersecurity rule, as well as cyber rulemaking efforts by the federal banking agencies.
Federal Banking Agencies Issue Advanced Notice of Proposed Rulemaking on Enhanced Cybersecurity Standards
On October 19, the Federal Reserve Board ("Board"), the Federal Deposit Insurance Corporation ("FDIC"), and the Office of the Comptroller of the Currency ("OCC") jointly issued an advanced notice of proposed rulemaking ("ANPR") seeking comment on a new set of enhanced cybersecurity standards for certain institutions under their supervision.
On March 2, the Consumer Financial Protection Bureau entered an enforcement order against online payment platform Dwolla, Inc. for deceiving consumers about its data security practices and the safety of its online payment system.
New Federal Guidance on the Cybersecurity Information Sharing Act of 2015: What General Counsel Need to Know
The Cybersecurity Information Sharing Act of 2015 ("CISA") was signed into law on December 18, 2015. The law authorizes companies to monitor and implement defensive measures on their own information systems to counter cyber threats.
As reported in The American Lawyer, Paul, Weiss is forming an alliance with at least five other Am Law 100 firms that will enable sharing of intelligence about cyber threats and vulnerability.
Corporate partner Jeanette Chan authored an article in the September issue of the Hong Kong Lawyer.