Five Takeaways from Recent Cybersecurity Developments by Colorado and the SEC
Colorado recently adopted a new law expanding companies' obligations in the event of a cybersecurity incident and establishing new data security and disposal obligations. Recent announcements by the SEC likewise emphasize important responsive points for both companies and their personnel.
August 06, 2018 at 01:30 PM
2 minute read
This article appeared in Cybersecurity Law & Strategy, an ALM publication for privacy and security professionals, Chief Information Security Officers, Chief Information Officers, Chief Technology Officers, Corporate Counsel, Internet and Tech Practitioners, In-House Counsel. Visit the website to learn more. |
Colorado's New Breach and Data Security Provisions
1. Update cybersecurity incident response procedures and ensure key stakeholders are well informed and prepared in advance e.g. e.g. 2. Update current data protection and destruction policies and practices 3. Review (and if needed, increase) insurance coverages for investigating and litigating potential incidents |
Addressing Recent SEC Enforcement Activity
4. Remain attuned to potential SEC/investor disclosures SEC released guidance announcement press release 5. Minimize individual liability risks |
Conclusion
other preventative steps Brian Neil Hoffman is of counsel with Holland & Hart LLP. A former SEC enforcement attorney, Brian defends clients in government and SRO investigations and litigates shareholder disputes. He can be reached at [email protected].
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