Senate Bill Looks to Boost Electric Grid Cybersecurity

Powerlines

The Senate Energy Committee recently passed the Protecting Resources On The Electric Grid with Cybersecurity Technology Act (the “PROTECT Act”). As a result of the PROTECT Act, electric utility companies will receive incentives from the federal government to boost their cybersecurity technology. Temple Law alum Alan M. Seltzer (LAW ’78) provides some context for the passage of the PROTECT Act.

SEC Special Report: Rampant Business Email Compromises Require Reassessment of Internal Accounting Controls

On October 16, 2018, the SEC released a “Report of Investigation” calling for public companies to reassess their internal accounting controls “in light of emerging risks, including risks arising from cyber-related frauds.” In particular, the report focuses on certain types of “business email compromises” (BECs), in which a bad actor uses spoofed or compromised email