Jan. 22, 2025

Nine Cybersecurity Resolutions for 2025

A new year is a fresh opportunity for companies to take added steps to safeguard their assets and data. It is especially important to prioritize cybersecurity strategies this year, when advancements in AI and the increasing sophistication of cyber threats are likely to lead to a sharp increase in cyber risk. The Cybersecurity Law Report spoke with several experts about where companies should direct their cybersecurity resources in the new year. This article explores the top action items for 2025, the challenges such efforts may present and how to overcome those hurdles. By aligning their efforts with these priorities, companies can better defend against the dynamic cyber threat landscape and advance their resilience despite evolving risks. See “Ten Cybersecurity Resolutions for 2024” (Jan. 10, 2024).

Fifty-Three Regulators Raise Cyber Expectations With Multi-State Breach Settlement

A $20‑million settlement of charges that 53 state financial regulatory agencies brought against mortgage company Bayview Asset Management highlights enforcers’ consensus around board responsibilities and cybersecurity hygiene. The case arose from a data breach that impacted 5.8 million customers, and the consent order (Order), which addresses Bayview’s failure to cooperate, contains extensive corrective measures for it to implement. This article examines the novel requirements from the December 31, 2024, Order, discusses multi-state enforcement trends and offers key practical takeaways, with insights from experts at A&O Shearman, Clark Hill, Frankfurt Kurnit and Lowenstein Sandler. See “NYDFS Changes Its Cybersecurity Regulation Requirements Through Enforcement – Again” (Jul. 19, 2023).

How Internal Investigations Can Let the Compliance Team Shine

Compliance leaders face delicate choices when conducting internal investigations, but they can use the process as an opportunity to up their credibility with company managers. Investigations also can present an opening to review the compliance program, and investigative findings could be useful in creating training materials. This article, distilling insights shared during a Compliance & Ethics Institute of the Society of Corporate Compliance and Ethics panel, examines who to involve in an internal investigation, privilege and other issues that may arise during the process, how and with whom to communicate findings and incorporating lessons learned. See “Navigating U.S. Privacy Laws in Internal Investigations” (Aug. 21, 2024).