Michael S. Dicke

Nov 1, 2024 | mondaq.com | David Bell |Michael S. Dicke |Dean Kristy |Wendy Grasso

The United States Securities and Exchange Commission (SEC) has charged four companies, both current and former public entities, with making materially misleading disclosures regarding cybersecurity risks and intrusions, resulting in nearly $7 million in total penalties. The proceedings fall into two categories: Disclosing but omitting material information about cyberattacks (Avaya Holdings Corp.

Oct 31, 2024 | jdsupra.com | David Bell |Michael S. Dicke |Wendy Grasso

The United States Securities and Exchange Commission (SEC) has charged four companies, both current and former public entities, with making materially misleading disclosures regarding cybersecurity risks and intrusions, resulting in nearly $7 million in total penalties. The proceedings fall into two categories: Disclosing but omitting material information about cyberattacks (Avaya Holdings Corp.

Oct 22, 2024 | jdsupra.com | Ran Ben-Tzur |Yi Chen |Michael S. Dicke

In September 2024, the United States Department of Justice (DOJ) announced its updated Evaluation of Corporate Compliance Programs guidance, which is the roadmap that Criminal Division prosecutors use to evaluate a company’s compliance program.

Jul 24, 2024 | jdsupra.com | David Bell |Michael S. Dicke |Katherine Marshall

A New York federal court has dismissed most of the securities fraud claims brought by the U.S. Securities and Exchange Commission (SEC) against software developer SolarWinds and its CISO regarding its cybersecurity risk disclosures, including public statements of its cybersecurity practices, reporting of a large-scale cybersecurity hack. The court also rejected the SEC’s internal accounting controls claim, which the agency leveraged to assert oversight of SolarWinds’ cybersecurity practices.