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Client Alert - Federal Enforcement Agencies Take Action on Cybersecurity

Cybersecurity risks pose substantial challenges to any company functioning in today’s data-driven marketplace.  In addition to threats from internal and outside forces, risks associated with protecting personal and financial information, and the possibility of protracted civil litigation, corporations face increasing pressure from regulators to ensure the security of their systems.  This week, two federal agencies doubled down in this arena: the Department of Justice established a task force to combat cybersecurity threats, and the Securities and Exchange Commission issued guidance on the appropriate disclosures of cyber risks and incidents.

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