Tag Archives: risk

FERC and NERC Talk Grid Resilience and Cybersecurity

On March 22, 2019, Foley Hoag hosted the New England Electricity Restructuring Roundtable, organized by Raab Associates. The roundtable featured keynote addresses by Federal Energy Regulatory Commission (“FERC”) Commissioner Cheryl LaFleur—who recently announced she will be stepping down later this year—and North American Reliability Corporation (“NERC”) CEO and President James Robb. Both took turns addressing the most pressing issues in energy. … More

Is Your Company’s Board of Directors Cyber Savvy?

Every company should expect that at some point it will experience a data breach. Whether as a result of hackers, disgruntled employees, or careless acts such as losing an unencrypted phone or laptop, data breaches may subject companies to liability and must be handled with speed and great care. What are the responsibilities of directors in preventing and addressing data breaches?

Without a doubt, directors must be generally aware of the data security risks facing the company and ensure that the company is prepared to manage those risks appropriately and has an incident response plan for a data breach.… More

Cybersecurity News and Notes – July 25, 2016

In Case You Missed It: U.S. Major party platforms address cybersecurity.  The two major parties have released their 2016 election platforms, both of which include cybersecurity planks.  The Republican platform’s perspective of cybersecurity is an element of national security and international relations. The platform called for harsh responses to cyber-attacks against American businesses, institutions, and government, applauded the Cybersecurity Information Sharing Act of 2015, and pledged to “explore the possibility of a free market for Cyber-Insurance.” The Democratic platform is largely as a continuation of President Obama’s cybersecurity policies.… More

SEC Issues Risk Alert Announcing Second Round of Examinations of Registered Investment Advisers and Broker-Dealers

From our colleagues Catherine Anderson and Lauren Tran, we present this update on OCIE’s 2015 Cybersecurity Examination Initiative:  Second Round of Cybersecurity Examinations to Begin

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On September 15, 2015, the Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commission (SEC) issued a Risk Alert announcing a second round of examinations of registered investment advisers and broker-dealers under its cybersecurity examination initiative.… More

HHS OCR Cites Faulty Risk Analysis, Lack of Policies in Addition to Breach by Physician Practice

In what may be a sign of things to come, a recent HHS OCR resolution agreement with a dermatology practice cites not only the loss of some 2,200 records on a thumb drive, but the lack of an “accurate and thorough analysis of the potential risks and vulnerabilities to the confidentiality of ePHI” and “[t]he Covered Entity did not … have written policies and procedures and train members of its workforce”;… More