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Tag: Data Breach

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Cyber Risk Disclosures in Crosshairs as SEC Charges SolarWinds with Fraud

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CISOs are on alert as SEC steps up enforcement on cyber breach disclosures The Securities and Exchange Commission has left some cybersecurity professionals and chief information security officers “spooked” following news that the agency in...

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New Disclosure Rules Prove Timely Amid Crippling Cyber Attacks

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Here’s a case of what may be fortunate timing for both investors and gamblers. The Securities and Exchange Commission’s new cybersecurity disclosure rules went into effect this month within days of hackers launching crippling cyber-attacks...

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Companies Grapple with Appropriate Disclosures for Cybersecurity

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You could make a strong case for the SolarWinds hack of 2020 as the most significant cybersecurity event in history to date. Russian hackers launched a massive online attack through the software company’s information technology platform to...

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Subpoena Drama Plays Out Against Cybersecurity Backdrop

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Lawyers agreeing on something doesn’t have the same ring to it as hell freezing over or pigs flying, but it happens just about as often. Covington & Burling LLP’s recent fight against the Securities and Exchange Commission represents on...

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Courts, SEC Offer Guidance on Subject of Materiality

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The concept of materiality in securities law has always been intentionally vague. Information that some nebulous “reasonable investor” would consider important leaves ample room for interpretation. Nevertheless, as the Securities and Exchan...

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