Straight Edge Technology, Inc.’s Post

SEC Cyber Disclosure Requirements ≠ State Breach Notifications Nope, not, uh uh... Fuzzy language in an SEC disclosure may backfire. CISO's should make sure that what counsel discloses maps to the facts. Why? It's about who gets thrown under the bus. Solution? RTFM, or in this case, the rules, which require that a covered entity "“describe the material aspects of the nature, scope, and timing of the incident, as well as the material impact or reasonably likely material impact of the incident on the registrant, including its financial condition and results of operations.” Excerpt from Law.com: The early days of SEC cyber-incident disclosures haven’t revealed much—and that may be a problem. Thirteen companies have filed 8-Ks disclosing “material” cybersecurity incidents since the Securities and Exchange Commission’s rules took effect in mid-December. But the filings have been largely cursory, which corporate attorneys say stems from the SEC’s not providing clarity on what counts as material. Most of the filings haven’t specified whether the breach has had a material impact on the company’s financial condition or operations, In some cases, they merely say that the company hasn’t yet determined financial or operational materiality.

Staying ahead of the IT security and management curve is not an option for law firms. It's a requirement. Check out three trends that are shaping the future of legal IT. https://lnkd.in/eYsXr2DQ

Law firms deal with sensitive client information that could be exploited in the wrong hands. This was a great read…learn how to combat cyberattacks within your firm NOW! #firstcitizensbank #foreverfirst

By staying current with #technology, enhancing data security, ensuring regulatory compliance, integrating new systems seamlessly, and exceeding client expectations, law firms can thrive in a competitive landscape

By staying current with #technology, enhancing data security, ensuring regulatory compliance, integrating new systems seamlessly, and exceeding client expectations, law firms can thrive in a competitive landscape

If your law firm hasn't invested in secure record retrieval services, your data may be at risk. Our ChartRequest experts compiled a list of the top 5 law firm breaches in 2023. Consider the following information, then schedule a consultation with our team to simplify your record request process. https://hubs.li/Q02ms5d90 #databreach #lawfirmsecurity #recordrelease

To stress the importance of cybersecurity for law firms, take a quick look at this opening line from our newest article with Arkansas Business: "Why are law firms becoming victims of cyberattacks? Law firms are easy targets as they have data regarding multiple companies, individuals and entities housed in a single database. In essence, this makes law firms a “one-stop shop” for cybercriminals, since they can obtain the desired data on multiple companies with a single breach." If you knew that your data wasn't fully protected at your affiliated law firm, how safe would you feel? Law firms have a lot on their plate, but managing your security and data should never get the short end of the stick. Adequate attention must be given. If you're interested in taking your firms' security to the next step, you're definitely not going to want to skip over this important piece of information: https://bit.ly/3VSShXV

2024 Law Firm Data Security Guide: How to Keep Your Law Firm Secure https://lnkd.in/gcsUmRD #DataSecurity #lawfirm #law #tech

📢 ❗ "Parties that practice in California state court must understand the radical shift these changes represent. A reactive stance will no longer be enough. Deliberate strategic planning is required... Litigants must now expedite efforts to prepare the disclosure-mandated information, perhaps before the full scope of the matter is understood." ❗ 🔒 🎯 💡 Trustpoint.One and it's eDiscovery experts are ready to help you navigate the state-by-state "cultural shifts" in the disclosure process: https://lnkd.in/dm4rRmqe 🔒 Security - data protection, cyber services, peace of mind 🎯 Precision - get to your key data efficiently, no wasted steps 💡 Strategy - early case assessment, culling, analytics, custom models #ediscovery #disclosure #legalhold #preservation #eca #ai #analytics #documentreview #litigation #legal #legaltech #law #lawyer #attorney #lawfirm #predictiveanalytics #datareuse #datacollection #courts #trial #data #security #cyber #breach #compliance #paralegal #infosec #infogov https://lnkd.in/dBDRD4d8

A legal blog I follow has a further write up on Loper-Bright, which Court overturned Chevron v. Natural Resources Defense Council, a decision that had stood for four decades. This change is expected to impact how businesses interact with federal agencies, especially in regulated industries like government contracting and cybersecurity. The end of Chevron deference is expected to lead to more litigation. Previously, courts often deferred to agency decisions, making it difficult for businesses to win legal battles. Now, with a more favorable legal landscape, there is likely to be an increase in businesses opting for litigation. This could lead to a rush to establish new legal precedents for future agency actions. The ruling opens new avenues for challenging and engaging with federal agencies. Regulated businesses might consider the following actions: * The ruling allows contractors to dispute rules they believe misinterpret legislative intent. For instance, the Cybersecurity Maturity Model Certification (CMMC) stems from Section 1648 of the National Defense Authorization Act (NDAA) for 2020. Contractors could use the ruling to challenge the Department of Defense’s interpretation of the NDAA after a final rule is issued. * Contractors can now more effectively impact the rulemaking process by submitting comments and highlighting where regulators may have exceeded their statutory authority. For example, a business might argue that a Proposed Rule goes beyond its Congressional mandate and conflicts with legislative intent. I address this topic as well in the GRC Maturity Model, under "Managing Relationships with Regulatory Bodies". * If collaboration during rulemaking fails or an unfavorable decision is received, businesses now have better chances for successful litigation. For instance, the SEC’s cybersecurity rules mandate reporting incidents within four days, but the Securities and Securities Exchange Acts do not mention cybersecurity. A business might challenge a penalty under this rule by arguing that it is not a valid interpretation of the statutes. #cybersecurity #GRC #law