SEC Ready to Strengthen Cybersecurity Requirements for Public Companies

Proposed rules place greater responsibility on C-suites and Boards for Managing, Mitigating Cyber Threats Earlier in 2022 , the U.S. Securities and Exchange Commission (SEC) announced that it was proposing new rules to standardize disclosures by publicly traded companies related to cybersecurity risk management, strategy, governance, and incident reporting. Although the rules have yet to … Read more

The Continued Use Cryptocurrency Exchanges and Tools to Lessen the Strength of U.S. Sanctions

The Treasury Department continues to investigate sanctions violations by crypto exchange companies in whether their crypto exchange allows users in sanctioned countries to buy and sell digital tokens. For example, The Treasury Department’s Office of Foreign Assets Control has been investigating Kraken since 2019 as reported by NY Times. It appears that Kraken would be … Read more

ERiSA Plan Sponsors Need to Verify That All Service Providers and Vendors Meet DOL Cybersecurity Guidelines

The Department of Labor’s (DOL) release of cybersecurity best practices for plans covered by the Employee Retirement Income Security Act (ERISA) makes it clear that plan sponsors, service providers, and participants share responsibility for protecting plan accounts.  The guidance, which includes tips for hiring service providers, cybersecurity program best practices, and online security tips, provides … Read more

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