2020 and 2021 saw sophisticated, coordinated cyber attacks affect some of the largest companies in the world. In the wake of these attacks, the Biden Administration and federal regulators—as well as businesses within the financial sector—are highly focused on cybersecurity. With a rapidly changing landscape, financial services companies are working hard to prepare for cyber attacks while also keeping track of the expanding patchwork of federal regulations, guidelines, and state laws impacting their incident response strategy.
In this special National Cybersecurity Awareness Month program, Stephen Lilley, Jeff Taft and Amber Thomson, members of Mayer Brown’s Data Privacy & Cybersecurity and Financial Services Regulatory & Enforcement practices, will discuss recent and evolving developments in incident response for financial services companies, including:
- Regulatory scrutiny surrounding incident response, including OFAC’s updated guidance on ransomware attacks and the SEC’s focus on cybersecurity disclosures
- Recent enforcement activity targeting financial services companies
- Trends in state and federal incident response requirements
- Best practices and takeaways for the industry