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Category Archives: Securities Law

How To Prepare for Cyber Disclosures In a New Era of Transparency

Harvard Law School Forum on Corporate Governance, Matt Gorham, Barbara Berlin, and Kevin Vaugh, PricewaterhouseCoopers LLP: “The Securities and Exchange Commission (SEC) released its final rule on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure on July 26, 2023. This gives your organization approximately five months to confirm your compliance plans before the new disclosure requirements take effect in mid-December. The revisions from the proposed rule have streamlined the disclosure requirements in many ways, in response to more than 150 comment letters filed from issuers, investors, and other parties. Still, disclosure can seem a daunting prospect if your company’s cybersecurity program won’t withstand investor scrutiny. Many companies are not ready today to reveal their cyber capabilities to the extent that the new rule requires. Note that final rules require the cybersecurity disclosures to be presented in Inline eXtensible Business Reporting Language (“Inline XBRL”). The disclosure requirements aim to protect investors from the harms that a cybersecurity breach could cause. As the number, severity, and stakes of cybersecurity incidents continue to rise, investors are demanding transparency from the companies in which they’ve placed their resources and trust. With this new rule, the SEC puts the onus on companies to give investors current, consistent and “decision-useful” information about how they manage their cyber risks. We see the rule as a call to action, challenging enterprises to be ready to expand their disclosures regarding their cyber risk management, strategy, and governance processes. For some, preparing to reveal this information will not be easy. But it might not be as difficult as you might think…”

AI in Banking and Finance, August 15, 2023

Via LLRX – AI in Banking and Finance, August 15, 2023 – This semi-monthly column by Sabrina I. Pacifici highlights news, government and regulatory documents and industry white papers as well as academic papers on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary… Continue Reading

Pete Recommends – Weekly highlights on cyber security issues, August 12, 2023

Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, August 12, 2023 – Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on… Continue Reading

SEC is giving companies four days to report cyberattacks

Quartz: “The US Securities and Exchange Commission (SEC) wants public companies to be more transparent and forthcoming about “material cybersecurity incidents,” the federal agency said yesterday (July 26).  Its new rules, passed by a 3-2 vote, dictate companies must disclose details of incidents and their effect on the bottomline in a section of the Form… Continue Reading

The AI search engine for developers

“Phind (formerly Hello) is a search engine that simply tells users what the answer is. Optimized for developers and technical questions, Phind instantly answers questions with simple explanations and relevant code snippets from the web. Phind is powered by large, proprietary AI language models. It’s smart enough to generate answers based on information from multiple… Continue Reading

New GPO Sponsored Webinars

The James Webb Space Telescope (JWST): A New Window to the Infrared Universe; Dr. Louis Barbier (National Aeronautics and Space Administration); Wednesday, February 1, 2023; 2:00 – 3:00 p.m. (EST) Role of Regulations.gov in the Federal Rulemaking Process; Tobias Schroeder (General Services Administration); Wednesday, February 8, 2023; 2:00 – 3:00 p.m. (EST): Prices and Wages… Continue Reading

How Google’s Ad Business Funds Disinformation Around the World

Pro Publica: “In one instance, Google continued to place ads on a publication in Bosnia and Herzegovina for months after the U.S. government officially imposed sanctions on the site. Google stopped doing business with the site, which the U.S. Treasury Department described as the “personal media station” of a prominent Bosnian Serb separatist politician, only… Continue Reading

6 Mac Browsers You Should Try for Better Productivity

MakeUseOf: “Almost every popular web browser nowadays is powerful enough to help you get things done. Safari, the web browser built into macOS, is no exception. You can also consider options like Google Chrome and Mozilla Firefox if you need better extensions. But, in the end, Safari, Google Chrome, and Firefox are general-purpose web browsers.… Continue Reading

DOJ and SEC Investigating FTX Collapse as Entire Crypto Market Plunges

Gizmodo: “The Department of Justice and Securities and Exchange Commission are investigating FTX, a crypto platform that halted withdrawals on Tuesday, according to a new report from the Wall Street Journal. And while the SEC’s investigation has reportedly been going “for months,” the agency’s scrutiny has only expanded this week following the liquidity crisis at… Continue Reading

More Than Half Of All Bitcoin Trades Are Fake

Forbes Digital Assests – “A new Forbes analysis of 157 crypto exchanges finds that 51% of the daily bitcoin trading volume being reported is likely bogus. Within the emerging and turbulent market for cryptocurrencies, where there are no fewer than 10,000 tokens, bitcoin, is the great granddaddy, the blue-chip, representing 40% of the $1 trillion… Continue Reading