Aug. 13 - The American Bar Association announced Aug. 12 that its House of Delegates passed a resolution that "encourages all private and public sector organizations to develop, implement, and maintain an appropriate cybersecurity program."
The ABA Cybersecurity Legal Task Force's Report to the House of Delegates found that "[t]he first- and third-party losses associated with security incidents are rising, and cybersecurity is now one of the top risks organizations must manage." The task force's report stressed that all organizations "develop, implement, and maintain an organization-wide security program in accordance with accepted security frameworks and standards." The task force found that many organizations are only undertaking some of the required security activities, creating gaps and deficiencies in their cybersecurity programs. These gaps and deficiencies leave these organizations vulnerable to attacks by sophisticated cyber-criminals.
There have been a number of high-profile cybersecurity breaches in the last year, beginning during the 2013 holiday season when Target Corp. experienced one of the largest data breaches reported by a retailer. The retailer and investigators estimated that as many as 70 million people had their personal information accessed.
More recently, a gang of hackers in Russia amassed 1.2 billion sets of looted user names and passwords from 420,000 websites. According to a U.S. data security company, the theft created the largest known cache of stolen personal information .
The ABA's adopted resolution encourages all organizations to create cybersecurity programs that are tailored to the nature and scope of the organization and the information to be protected. The task force's proposed resolution also encouraged organizations to regularly conduct risk assessments and create controls based upon these assessments, create response plans for possible cyber-attacks and stablish relationships and share information with external organizations, where appropriate, as a method of addressing the problem of cyber-attacks.
The ABA's final resolution is available at http://www.americanbar.org/content/dam/aba/images/abanews/2014am_hodres/109.pdf .
The ABA's proposed resolution and report is available at http://www.americanbar.org/content/dam/aba/administrative/house_of_delegates/resolutions/2014_hod_annual_meeting_109.authcheckdam.pdf .
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)