- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2024-02-06T15:24:00
If your firm hasn’t already suffered a data breach, it almost certainly will. Best be prepared.
While certain aspects of data breaches are out of your control, your firm’s response is not. Experts say the best way to address a breach is to map out your firm’s strategy in advance, memorialize it in documents, and follow your plan.
During a panel at Compliance Week’s virtual Cyber Risk & Data Privacy Summit on Thursday, two chief compliance officers and an attorney discussed preparation for the “when, not if” threat of a data breach.
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Guidehouse and Nan McKay and Associates will pay a total of $11.3 million to the Department of Justice (DOJ) to settle allegations that cybersecurity failures led to the theft of client personal information during the height of the COVID-19 pandemic.
The New York State Department of Financial Services issued guidance for small businesses attempting to comply with its cybersecurity regulations.
Verizon’s annual data breach report shows trends in cybersecurity incidents, including more ransomware and extortion attacks last year.
American Water Works Company, which supplies drinking water and wastewater to 14 million customers, disclosed a breach of its computer networks and system due to a cybersecurity incident.
The global average cost of a data breach jumped to an all-time high for the second year in a row, but companies can reel in the ballooning drag on profits by adopting artificial intelligence, according to an IBM report.
The U.S. Department of Energy released supply chain cybersecurity principles meant to help strengthen key technologies used to manage and operate electricity, oil, and natural gas systems.
