Cybersecurity Resources
SEC Cyber Report Focuses on Information Governance Best Practices 6/17/2020
In January, the Securities and Exchange Commission (SEC) released its most substantial cybersecurity guidance to date. The report, “Cybersecurity and Resiliency Observations,” was the result of examination findings and research from the last five years, much of which was led by the commission’s Office of Compliance Inspections and Examinations (OCIE). This is the first comprehensive guidance we’ve seen from the SEC’s cyber unit since it was established several years ago. In many ways, it reads as an examination pamphlet—outlining the essential information security practices and programs a financial services institution will need to have in place to stand up against a government raid, inquiry or investigation.
The Most Interesting Cryptocurrency Stories to Close out 2019 1/2/2020
Cryptocurrency news heated up at the end of 2019. The second half of the year also brought a wave of new litigations around cryptocurrency misuse, fraud and theft. I expect we’ll see even more of this in 2020, along with a surge of interesting news. Industry watchers can expect a range of cases, from the state level, all the way up to far-reaching cross-border matters, as criminals find new ways to leverage crypto markets to further their malicious interests.
2020 Forecast: Expect Landmark Changes in E-Discovery, Data Privacy and Investigations 12/23/2019
Across our practice areas, we asked our experts to share their predictions for what will shape legal, compliance and information governance in the coming year. Below is a roundup—across new laws, emerging technology and key industries—of what they expect will make the biggest impact to businesses worldwide.
Hacking, Extortion and Stolen Coins: Unraveling a Major Cryptocurrency Breach 9/30/2019
When one of the world’s largest cryptocurrency exchanges was breached in May of this year, few in the industry were surprised. Cryptocurrency exchanges have long been appealing targets of malicious actors looking to steal currency and personal information. But this recent breach, which will potentially impact tens of thousands of cryptocurrency investors around the world, is particularly unique. The series of events that has unfolded in its aftermath serves as a stark reminder that the criminals looking to profit from this industry are both sophisticated and highly motivated.
Questions Arise Amid IRS Crackdown on Cryptocurrency Investors 9/23/2019
In July, more than 10,000 cryptocurrency investors received warning from the IRS that they may owe taxes on improperly reported income. Weeks later, another round of letters were sent to some, outlining the amount of taxes owed for cryptocurrency gains and demands for payment. These letters are likely the tip of the iceberg in a long-anticipated IRS crackdown on crypto income—the latest in a series of government activity in this arena.
Tracing Crime on the Dark Web 3/27/2019
Given its lawlessness, complexity and lack of transparency, monitoring the Dark Web requires expertise and experience. It is often difficult for organisations due to a lack of highly skilled resources and skillset they typically have available. Instead, companies would be better served by working closely with a technology provider who can provide the relevant support along with assistance in closely monitoring the Dark Web for relevant data using specialist tools and techniques.
Paris Calls for Cybersecurity Peace 11/14/2018
This week, the President of France issued the Paris Call for Trust and Security in Cyberspace. The document is a cybersecurity pact seeking consortium of technology companies, governments and NGOs to improve the stability and safety of the internet. With its unveiling, the declaration touted support from some of the tech industry’s largest players and a handful of countries in Europe.
Advice from Counsel: State of the Union on Data Privacy & Security 2/15/2018
The 12th Advice from Counsel study explores how issues of data security and privacy impact in-house legal teams at Fortune 1000 corporations and reveals the top concerns and emerging best practices across three key and intersecting topics: the General Data Protection Regulation (“GDPR”), IG and data security and remediation.
Q&A with Sandeep Jadav, FTI Technology’s new Managing Director for Asia 11/17/2017
We recently appointed a new Managing Director to lead the Technology team in Asia. Sandeep Jadav is joining the tech team from Ernst & Young, and brings more than 17 years of experience in leading teams in forensic technology. We sat down with him to discuss his new role, how the field has evolved over the course of his career and his thoughts on emerging trends and challenges impacting corporations doing business in Asia.
Equifax Breach a Category 4 or 5 Attack, but By No Means Unique 9/11/2017
Late last week, we learned that Equifax was breached via a simple web application weakness, and over 143 million consumers’ records were compromised. The bad (worse) news is that this story is not unique, and this is by no means the final chapter.
Evaluating Network Permissions in Investigations 4/17/2017
Jim Scarazzo explains how risk, IT, legal and compliance intersect across the many stages of investigation.
ILTA Peer-to-Peer: Skills You Need To Summit the Mountain of Data Challenges 1/5/2017
In a recent FTI Advice from Counsel study, 76 percent of respondents said that while they do have information governance programs in place, initiatives ranged across 30 different areas of focus. These included data security, budget transparency, efficient records retention, data analytics, compliance, risk prevention and optimizing data for litigation needs, and underscore the difficulty many legal teams have in focusing their IG efforts.
FTI Shares Information Governance Philosophy in Cybersecurity Law & Strategy 10/24/2016
One of the most meaningful elements of information governance is how it can drive the differentiation of data types and enable stronger security protocols around a corporation’s most sensitive data.