Recent Trends and Developments in the U.S. Cybersecurity Market: What Lies Ahead in 2016 and Beyond
The increasing proliferation of cyberattacks is shifting organizations’ focus from prevention to mitigation, as industries start to recognize cybercrime as an enterprise risk. The growing cybercrime statistics implies the continuous rise of the cybersecurity market and this trend is predicted to carry on with consulting, risk assessment, and data integration services on the lead. A recent report reveals that attacks such as hacking, virus placement, and denial of service (DoS) are stimulating the demand.
Early detection and mitigation of cyberattacks play an essential role in cybersecurity since one cannot prevent all cyber breaches. Companies need to prepare plans in responding and recovering from these breaches as efficiently and promptly as possible. It’s not only private entities that are being exposed to these attacks. Even government entities experience data breaches on a regular basis. A number of government agencies have reported data breaches and these include the Office for Personnel Management (OPM), the United States Postal Service (USPS), and even the White House.
Adding to the challenge is the recent regulatory trend towards using trade controls as a mechanism for preventing and responding to cyberattacks. A plan to impose export controls on certain cyber tools already has been adopted by many countries as part of the international Wassenaar Arrangement that controls munitions and dual-use items. The U.S. government has attempted to implement these controls, and instead has met with resounding criticism from industry, while the effort remains in process. The U.S. government also has proposed new standards for securing data stored in the cloud. Additionally the regulatory groundwork is in place for the use of assets blocking sanctions against international cybersecurity offenders. Companies in this industry need to prepare to engage with the U.S. government on these pending changes.
The Knowledge Group has assembled a panel of key thought leaders and professionals to provide the audience with an in-depth analysis of the cybersecurity market, cyberattack possibilities, and definite cybersecurity planning for 2016 and beyond.
Key topics include:
- Focus Shift: Prevention to Mitigation
- Business Opportunities and Challenges
- Cyberattack Possibilities
- Risk Mitigation Plans
- Export Controls and International Regulation
- Trade Sanctions for Cybersecurity Offenders
Melissa L. Duffy, Partner
Hughes Hubbard & Reed LLP
- Export Controls on Cyber Security Tools: International Agreement Adopted, U.S. Efforts to Implement Not Well Received by Industry – How to Prepare for Next Steps
- Cloud Computing: U.S. Government Has Proposed Changes to Controls on Data Stored on the Cloud, with New Encryption Standards – How to Prepare for Next Steps
- Cyber Security Sanctions: White House Has Laid the Basis for Assets Blocking Sanctions Against International Cyber Security Violators – Role of Private Sector in Working with the U.S. Government on this Front
Batya F. Forsyth, Partner
Hanson Bridgett LLP
- California AG’s adoption of the Critical Security Controls (i.e. Client Alert)
- Regulatory landscape on Cybersecurity becoming more focused and crowded
- The third circuit ruling in Wyndham: FTC provided sufficient guidance to establish guidelines for cybersecurity, also need to resolve the LabMD issue – whether FTC thinks it has the authority to go after poor data security practices where no there is no demonstrable harm to consumers.
- Consumer Financial Protection Bureau settlement of Dwolla.
- Maybe second round of HIPAA audits
- Maybe some recent SEC enforcement actions worth discussing.
- How does breach insurance play into this? What underwriters want to see in terms of security standards?
- Cybersecurity Act of 2015
Who Should Attend:
- Technology Attorneys
- Privacy and Data Security Lawyers
- Chief Information Officers
- Privacy and Data Security Officers
- Risk and Compliance Officers
- Chief Information Security Officers
- Computer Forensic Specialists
- Top Level Management
- Other Related/Interested Professionals and Organizations
Melissa L. Duffy is a partner in the International Trade and Customs practice group at Hughes Hubbard & Reed LLP. She focuses on export controls, trade sanctions, and national security matters. Melissa has worked on export enforcement matters at various agencies (civil and criminal), provided counseling on a wide variety of export control, encryption, antiboycott compliance, trade sanctions, CFIUS foreign investment reviews, and FCPA matters, handled difficult ITAR licensing issues, prepared successful Commodity Jurisdiction requests, handled OFAC and BIS license applications involving sanctioned/ embargoed destinations, advised client on export control reform strategies, and worked with clients to develop compliance programs.
Before joining Hughes Hubbard, Melissa was an attorney in the Office of General Counsel Honors Law Graduate Program of the United States Nuclear Regulatory Commission where she worked in three different divisions: special assistant to the Deputy General Counsel, enforcement/ litigation, and rulemaking. She is a cum laude graduate of Georgetown University Law Center, where she was Managing Editor of the Georgetown Immigration Law Journal.
Melissa L. Duffy is a partner in the International Trade and Customs practice group at Hughes Hubbard & Reed LLP. She …
Batya Forsyth is a litigation partner in Hanson Bridgett's San Francisco office. Her banking and business litigation practice includes bank customer disputes related to secured and unsecured loan products, deposit accounts and collections and business disputes on behalf of owners, licensors, and service providers related to breach of contract, fiduciary duty and fraud. Her business-owner matters have also included minority shareholder dissolution actions, dissenter's rights actions, breach of fiduciary duty and fraud from the initial stages of litigation through fair value appraisals and buy-outs in real estate, manufacturing and transportation. Batya's real estate litigation experience includes commercial leases, eminent domain proceedings and purchase and sale transactions.
Batya currently co-chairs Hanson Bridgett’s Privacy, Cybersecurity and Information Governance group and holds an IAPP CIPP/US certification. She sits on the advisory board of the newly created California Cybersecurity Information Sharing Organization and the Bay Area Council’s Cybersecurity Committee.
Batya Forsyth is a litigation partner in Hanson Bridgett's San Francisco office. Her banking and business litigation practice includes bank …
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About Hughes Hubbard & Reed LLP
Hughes Hubbard & Reed LLP is an international law firm ranked for ten years, including five years in a row as the top-ranked New York-based firm, on The American Lawyer’s A-List of what the magazine calls “the top firms among the nation’s legal elite.” Our attorneys advise and represent clients in over 30 specialized practices from offices in New York, Washington, D.C., Paris, Los Angeles, Miami, Jersey City, Kansas City, and Tokyo. For more information, please visit
About Hanson Bridgett LLP
Founded in 1958, Hanson Bridgett has more than 150 attorneys located in offices in San Francisco, the North Bay, Sacramento and the East Bay. Our clients range from multinational Fortune 500 corporations to individuals, including a number of public retirement systems and public agencies in California. More information on Hanson Bridgett can be found at www.hansonbridgett.com.