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<b><i>Online Extra:</b></i> Canadian Financial Regulatory Organization Releases Cybersecurity Guides
Cybersecurity and an'increase in data breaches'isn't merely a U.S. problem. On Dec. 21, the Investment Industry Regulatory Organization of Canada (IIROC), a self-regulatory organization that helps oversee the country's trading industry, released two guides to help investment dealers protect themselves and their clients against cyber attack.
The first guide, titled 'Cybersecurity Best Practices Guide,' is intended as a living document that can be updated to give dealers the latest practices concerning governance and risk management, network security, and more. The 53-page guide also features a cybersecurity incident checklist and a sample vendor assessment.
'For smaller dealer members, this can help in understanding how to provide basic security for computer systems and networks,' this guide noted in an executive summary.' For larger dealer members, this provides a cost-effective approach to securing computer systems based on business needs, without placing additional regulatory requirements on business.'
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Anti-Assignment Override Provisions
UCC Sections 9406(d) and 9408(a) are one of the most powerful, yet least understood, sections of the Uniform Commercial Code. On their face, they appear to override anti-assignment provisions in agreements that would limit the grant of a security interest. But do these sections really work?