Cyberthieves are taking advantage of malware offered on the dark web to steal digital currency, a new report finds. A total of $1.1 billion in cryptocurrency was stolen over the past six months, with criminals increasingly using the dark web to facilitate theft on a large scale, according to a new report. Read More
Swiss financial regulator FINMA is planning to loosen anti-money laundering rules for smaller financial technology firms, part of a drive to boost innovation and shore up the country’s position as a leading money management hub. Read More
More than half of top executives at small businesses don’t believe their company is a target for cyber-criminals. They’re wrong. At small businesses, rank-and-file employees may be more aware of the threat from cyber-crime than are company leaders. It seems so, at least, from a finding in a recent survey of more than 600 full-time […]
Europe’s new data privacy law has put a small army of tech firms that track people online in jeopardy and is strengthening the hand of giants such as Google and Facebook in the $200 billion global digital advertising industry. The General Data Protection Regulation (GDPR here) brought in by the European Union in May is […]
The Securities and Exchange Commission and the Public Company Accounting Oversight Board finalized slightly fewer enforcement actions against accountants in 2017, slipping from 79 in 2016 to 75 last year, according to a new report. The report, from Cornerstone Research, found that while the number of finalized SEC actions declined, they actually increased from the PCAOB. […]
Cyber risk insurance is becoming an increasingly important aspect of a company’s cybersecurity posture. Just as an incident response plan can mitigate the potential negative effects on company reputation and customer relationships, cyber risk insurance can offer financial protection for a vast range of hard costs that today’s companies may incur in the event of […]
For any executive who pursued a traditional path into the finance organization—business school, perhaps an accounting degree or an MBA in finance—the incessant media chatter about how machine learning will transform your business must be a little disconcerting. Most finance executives have little to no experience with the subject. And while many now have an […]
In 2018, the SEC issued new guidance on cybersecurity disclosures and policies, in response to the 65% of companies that were not disclosing breaches. What does this mean for lawyers and the legal field? Read More
Recently, in connection with the Securities and Exchange Commission’s consideration of proposed amendments to the definition of “smaller reporting company,” the Commission had an opportunity to consider including in the adopting release an exemption from the Section 404(b) auditor attestation. Read More
If you asked corporate directors to rank their favorite board duties, overseeing compliance likely isn’t at the top of the list. Regardless, compliance is central to a board member’s fiduciary duties–and as we’ve seen many times before, failure to oversee compliance effectively can have costly implications for a company. Read More
