After a long silence since guidance was last issued a year ago, there’s now widespread expectation that the Securities and Exchange Commission will get much more specific this year about new cybersecurity disclosures for public companies. Recent actions also signal the commission is paying close attention not just to disclosures, but to weaknesses that create cybersecurity risks at companies.
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Australia has recently taken significant action in the realm of data security that will potentially have global impact. In December 2018, the Australian Competition and Consumer Commission (“ACCC”) released recommendations on ways big technology companies can improve data security.
read more Privacy protection is an issue that will always be at the forefront of the legal world. Consumers expect that companies will protect their medical and other private identifying information. While the increase in digital data makes business dealings more efficient in many ways, it also unfortunately heightens the potential risk for privacy breaches. For decades, the Federal Trade Commission (“FTC”) has investigated and remedied privacy issues. While the FTC does not have explicit authority to regulate data privacy, it generally relies on Section 5 of the FTC Act to assert such authority. This lets the agency look into companies that engage in “unfair and deceptive acts and practices” relating to commerce.
read more Many sources will offer advice on what to look for in a legal services provider. Features to look for include company longevity, client references, expertise with your size law firm and practices, reasonable costs, and quality control guarantees.
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