Blockchain is "an open, distributed ledger that can record transactions between two (or more) parties efficiently and in a verifiable and permanent way." This distribution helps to safeguard transactions and record keeping. The technology has many different, practical applications. It has been connected with cryptocurrency most frequently, often called bitcoin. The SEC has reviewed several cryptocurrency offerings. So far the SEC has not authorized any. It comes down to a simple question: What is a security and does cryptocurrency qualify?
27 November 2018
In February 2018, the SEC voted unanimously to approve a statement and interpretive guidance to assist public companies in preparing disclosures about cybersecurity risks and incidents. Shortly thereafter, the SEC brought charges against Yahoo for failure to report data breaches in 2015-2016 periodic reports, and in recent months, the SEC has continued to signal their increased focus on this critical disclosure issue.
01 September 2015
A previous blog post explored some of the far-reaching consequences that a breach in data security can have on a company. The annual global cost for cybercrime reached more than $400 billion last year according to a report from IBM. Another side to this complex and massive issue deals with what a company can do to minimize these consequences – from lawsuits, regulatory action, consumer confidence, and more. Because the technological aspects of cybersecurity are so intricate, what follows will only address non-technological ways to be prepared around these issues.
There are a number of proactive actions that can help the board of directors, executive team, and company employees reduce risk in case of a breach. With this in mind, we compiled six key non-technological tactics to help protect your company against future cybersecurity threats.