West Coast Lunchtime Legal Briefing Teleconference - Disclosing Cybersecurity Risks and Data Handling Practices: Keeping up with the SEC and FTC Guidance for Shareholders, Sponsors and Children
Privacy and Social Media laws continue to evolve with unrelenting alacrity under an ever more watchful public eye. The SEC is pressing public companies to make more fulsome disclosures regarding cybersecurity risks under its October 2011 guidance while at the same time permitting disclosure through social media tools. The FTC meanwhile recently released new guidance for making effective disclosures in digital advertising, proposing stricter requirements regarding proximity, prominence, use of hyperlinks, and other specifications. And, the FTC’s Children’s Online Privacy Protection Act (“COPPA”) rule changes taking effect on July 1 impose new notice, consent, and other responsibilities to a wider range of website and online services than ever before.
These changes place even wider responsibility for understanding data and social media obligations trends on companies and their advisors. In our next West Coast Lunchtime Briefing, Jim DeGraw
, a corporate technology attorney in our San Francisco Office, will explore the impact of these changes and offer suggestions on approaches companies can take to meet the challenges these changes present.