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Cybersecurity & Technology

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Overview

Technological advances create significant opportunities for financial institutions, but also present significant risks. With enterprise risk management at the forefront of an ever-advancing regulatory agenda, each financial institution must develop safeguards to protect its operations and its customers. Accordingly, we advise our banking clients on the full spectrum of legal, regulatory, reputational and other issues arising from the manner in which banks utilize, and are otherwise affected by, remote deposit capture, transactional websites, mobile banking, social media, cloud computing and other recent innovations. Given the sensitive nature of the information customers and other stakeholders entrust to their financial institutions, every financial institution should develop a plan to address any potential or actual breach of its systems and to otherwise protect sensitive information in its possession.

Our Cybersecurity & Technology Team is comprised of attorneys across various disciplines, including regulatory, transactional, employment and litigation, who provide management and boards of directors of our clients with comprehensive advice on how to address these issues.

Representative Matters

Some of those engagements include the following:

  • Responding to data breach incidents
  • Developing new products and services
  • Negotiating third party agreements to address data integrity issues and intellectual property concerns
  • Advising boards and senior management about evolving cybersecurity expectations
  • Giving board presentations regarding recently enhanced governance, disclosure and fiduciary duty expectations
  • Updating employee handbooks to address social media issues
  • Preparing privacy notices and related disclosures
  • Interfacing with regulatory and law enforcement officials

Please contact one of our team members if you would like additional information about our solutions for the financial services industry or our experience in this area.

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