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Cyber-Insecurity: Will the Looming Regulatory Crackdown on Cybersecurity Practices Help Protect Financial Institutions from Attack?
A slew of new regulations targeting the cybersecurity practices of financial institutions will come into effect during 2022. But will they have any real bearing on protecting financial firms from attack?
Recent attacks on critical links in our technology, energy and financial services supply chains have exposed alarming vulnerabilities in our infrastructure and thrust cybersecurity concerns to new heights. Sophisticated attackers, once focused on stealing personal and financial data, now appear determined to cause wide-spread disruption to operations and supply chains.
The number one issue worrying financial executives today is cybersecurity, according to the Deputy Secretary for the U.S. Treasury, Wally Adeyemo, and particularly the risks posed by third-party service providers. And for good reason. For instance, Microsoft recently discovered that the SolarWinds attackers have been targeting technology companies, including those that manage or resell cloud-computing services. As financial firms increasingly pursue outsourcing arrangements and move operations to the cloud, these concerns will only intensify.
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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.
'Huguenot LLC v. Megalith Capital Group Fund I, L.P.': A Tutorial On Contract Liability for Real Estate Purchasers
In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
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.
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.