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    Sep. 11, 2024

CrowdStrike Outage: A Test of Form PF Current Report Procedures

When faulty code in a software update released by cybersecurity firm CrowdStrike crashed certain computer systems running Microsoft Windows this summer, it caused chaos for airlines, banks, shipping companies, healthcare providers and other organizations. It also was the first large-scale test of certain SEC reporting requirements, including those issued in the December 2023 amendments to Form PF, which oblige large hedge fund advisers to file reports no later than 72 hours after the occurrence of designated trigger events, such as a significant disruption of “critical operations.” This article summarizes the Form PF current reporting requirements, discusses the details of the CrowdStrike outage, explains what fund managers should have considered when determining whether they had to file a current report and provides key takeaways from the incident. See “A Framework for Materiality Determinations Under SEC’s Cyber Incident Disclosure Rules” (Jul. 10, 2024).

Squire Patton Boggs Welcomes Back CPPA Board Member

Squire Patton Boggs has announced that Lydia de la Torre has rejoined the firm as of counsel in the global data privacy, cybersecurity & digital assets practice in Palo Alto. She returns to the firm after having served as an inaugural board member of the California Privacy Protection Agency. For insights from Squire Patton Boggs, see “Navigating Government Investigations of Privacy Practices” (Sep. 4, 2024); and “FCC Forfeiture Orders Underline Need for Vigilance on Geolocation Sharing” (Jul. 17, 2014).

Data Privacy and Security Partner Joins McDermott in New York

McDermott Will & Emery has announced the addition of Alexander Southwell as a partner in its litigation practice group in New York. He joins from Gibson, Dunn & Crutcher, where he founded and led the privacy, cybersecurity and data innovation practice group. For insights from McDermott, see “Measures for Complying With 19 (and Counting) State Privacy Laws” (Jun. 26, 2024). For commentary from Southwell, see “CISA and DHS Counsel Explain Cybersecurity Executive Order’s Key Provisions” (May 26, 2021).

Most-Read Articles

Spotlight on Trailblazing Women

To mark International Women’s Day 2024, women editors and reporters of ION Analytics interviewed outstanding women in the industries and jurisdictions we cover. In this part, Jill Abitbol, Managing Editor of the Cybersecurity Law Report and Anti-Corruption Report, features notable women in data privacy, cybersecurity, white collar defense, compliance and anti-corruption law, including Christina Montgomery, Leslie Shanklin, Palmina Fava, Alexandra Ross and Lucinda Low. Enjoy reading their inspiring remarks here.

We Celebrate Data Privacy Day 2024

Read the full brief here.

Spotlight on Trailblazing Women

In honor of International Women’s Day, some of ION Analytics' editorial teams led by women interviewed notable women in the markets and industries we cover. In this part, the Cybersecurity Law Report highlighted notable women in compliance and hedge fund, data privacy and cybersecurity, and anti-corruption law, including Amii Barnard-Bahn, Abigail Bell, Genna Garver, Jane Horvath, Barbara Li, Amy Mushahwar, Mara Senn and Carol Widger. The interviews are here.

 

 

 

Webinar on Compliant International Data Transfers

Listen here to our discussion with our colleagues at Ethos Privacy, which took place on March 1, 2022, on how to approach international data transfer challenges. 

Webinar on Getting a Handle on Vendor Contracts

A recording of the March 10 webinar can be accessed here. 

Cybersecurity Resolutions for 2021

In this quick take video, we talk about some of our cybersecurity resolutions for 2021.

Facial Recognition Concerns

In this short video, we discuss the privacy and bias concerns with facial recognition technology.

Planning for the Return to Work 

We discuss a few return-to-work privacy issues in this short video.

ACR and CSLR Spring Update 2020

The Senior Editors of the Anti-Corruption Report and the Cybersecurity Law Report recently teamed up to present an update on the trends and hot topics in the anti-corruption, cybersecurity and data privacy spaces since the beginning of the year and what the publications will be focusing on in the coming months. A complimentary download of the webinar is available here.

Upcoming Webinar: Companywide Work From Home - Cybersecurity and Privacy Best Practices

Please join us on Monday, March 23, 2020, from 12:00 p.m.- 12:30 p.m. EDT for a complimentary webinar discussing the cybersecurity and privacy challenges the shift to remote working has created and how to overcome them. Registration information for the webinar is here. 

Upcoming Webinar to Explore Best Practices for Alternative Data Use

Please join us on Wednesday, January 15, 2020, at 11:00 a.m. EST for a complimentary webinar hosted by our sister publication, the Hedge Fund Law Report, discussing issues relating to the use of alternative data by private fund managers. To register for the webinar, click here.

Upcoming HFLR/CSLR Webinar to Explore Strategies and Tactics for Conducting an Effective Tabletop Exercise

Please join the Hedge Fund Law Report and the Cybersecurity Law Report on Tuesday, July 30, 2019, at 1:00 p.m. ET for a complimentary webinar discussing the strategies and tactics companies can employ to conduct an effective tabletop exercise. GCs and CCOs are encouraged to invite their CISOs and CTOs to join as well. The webinar will be moderated by Shaw Horton, Associate Editor of the Hedge Fund Law Report, and will feature Luke Dembosky, partner at Debevoise, John “Four” Flynn, chief information security officer at Uber, and Jill Abitbol, Senior Editor of the Cybersecurity Law Report. Registration for the webinar is available here.

Anti-Corruption Webinar: How HPE Is Using Its New T&E Tool to Generate Compliance Metrics

Measuring the effectiveness of a compliance program can be tricky, but some companies are finding ways to use their existing internal controls to generate useful data. Join our sister publication the Anti-Corruption Report (ACR) for a complimentary webinar that explores Hewlett Packard Enterprises’ new travel-and-entertainment-approval tool. On Wednesday, March 27, 2019, from 1:00 p.m. to 2:00 p.m. EDT, the ACR’s Megan Zwiebel will interview Becky Rohr, vice-president of anti-corruption and global trade at Hewlett Packard Enterprises, about how they are using their T&E tool to measure and improve compliance. Registration information is here.