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Week 3 – Recognizing and Combating Cybercrime

Cybersecurity must be viewed as a 'top-down' concern; when the executive team takes the time to highlight its Cyber Risk Management Program internally, team members are far more likely to recognize the significance of cyber-hygiene.  Viewed holistically, the entire company is more secure. Layer 8 Security preaches the significance of each individual’s on-line behavior as a critical aspect of producing a resilient team. As technology advances, the impact of cybercrime is becoming more costly and frequent.  Law enforcement, government, industry, [...]

2017-06-22T20:19:37-04:00By |Tags: , , , |

Week 2 – Cybersecurity from the Break Room to the Board Room

We are all part of protecting personal and organizational data in the workplace. From CEO to incoming entry-level employee, each organization’s cybersecurity posture is reliant on a shared level of vigilance and awareness. Week 2 looks at how every employee can promote a culture of cybersecurity at work. Layer 8 Security loves this week’s topic; understanding that cybersecurity needs to be top-down driven and deserves top-of-mind awareness. The more fully the C-Suite adopts a privacy and security world view, the [...]

2017-06-22T20:19:37-04:00By |Tags: , , |

Let the Cyber Litigation Begin!

Cyber Insurance is squarely in the spotlight; the case of P.F. Chang’s China Bistro Inc. v. Federal Insurance Co. has been heard and could signal an onslaught of litigation between cyber insurers and policyholders. Chubb Ltd. will not be required to reimburse P.F. Chang's for costs charged the restaurant chain related to credit card processing in connection with a 2014 data breach under its cyber policy. For those interested in the details of the case and position Chubb proffered, here [...]

2017-06-22T20:19:38-04:00By |Tags: , , , |

Anti-money laundering (AML) requirements for Investment Advisers – what you need to know

The United States Treasury, through its Financial Crimes Enforcement Network (FinCEN) has gone beyond publishing its notice of proposed rulemaking by imposing the Anti-money laundering (AML) requirements to both the opening and closing of the comment period, moving closer to implementation. When adopted, covered registered investment advisers (RIA’s) will be required to: File currency Transaction Reports (CTR’s) and maintain detailed records of the transmittal; Implement and AML program crafted for their particular use; File Suspicious Activity Reports(SAR’s), where applicable; and Become [...]