Tag: Cybersecurity

SEC Poised to Ramp up Cybersecurity Enforcement

On October 16, 2018, the Securities and Exchange Commission (SEC) issued an investigative report signaling its intent to use sections 13(b)(2)(B)(i) and (iii) of the Securities Exchange Act of 1934 (the “Exchange Act”) to pursue enforcement actions against public companies that fail to tailor their internal controls to evolving cyber […]

Ohio Enacts Liability “Safe Harbor” for Entities That Maintain Specified Cybersecurity Programs

On August 3, 2018, Ohio Governor John R. Kasich announced that he signed Substitute Senate Bill 220 (“SB 220” or “Bill”) that, in part, affords a litigation “safe harbor” to covered entities that implement, maintain, and comply with specified cybersecurity programs. Covered entities, e.g., businesses, sued after a data breach […]