• Review the most important reasons hedge fund managers should conduct cyber due diligence on third-party service providers, regulatory requirements related to third-party due diligence and the service providers whose protocols it’s most critical for hedge fund managers to assess. The second article will address how hedge fund managers can effectively identify and assess the risks third parties pose to their systems and networks, what protections managers can put in place to protect themselves and ongoing due diligence procedures.

  • When can a company’s silence support a Rule 10b-5 claim? The U.S. Supreme Court will consider that question next term in Leidos Inc. v. Indiana Public Retirement System. The case is generating buzz because it could expand the universe of omissions actionable under the judicially created private right of action for securities fraud.

  • The WannaCry ransomware, also known as Wanna Decryptor, WanaCrypt0r, WannaCrypt, Wana Decrypt0r and WCry, has infected more than 200,000 devices worldwide. The attacks affected banks, hospitals, ISPs, government agencies, transportation companies and manufacturing plants.

  • Murphy & McGonigle commend FINRA for seeking comment in the Special Notice published on March 21, 2017, regarding potential enhancements to its programs for engagement with its members, the public, and other interested parties, in fulfilling FINRA's self-regulatory responsibilities. 

  • Businesses and regulators alike continued to scramble Monday to manage the fallout from a massive worldwide cyberattack and to figure out ways to prevent it from happening again. But experts say that a focus on collaboration and creativity, rather than trying to come up with a uniform global security standard, is likely to be the most attainable and effective path forward.

  • White collar defense attorneys are regularly confronted by new clients who seek representation where the client has told some version of his or her story to law enforcement agents before ever meeting with counsel.  While Miranda warnings, aimed at providing prophylactic cautions to individuals, are ubiquitously disseminated throughout our society, in practice people generally relay an entire story to law enforcement officials without preparation, without prior consultation with counsel, and without being accompanied by a lawyer to protect their interests.  Of course, where an individual is not subject to custodial interrogation, there is no obligation for law enforcement agents even to provide Miranda warnings.