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Distress signals: Cooperation agreements or mergers to the rescue in times of crisis?
The current volatile and unpredictable economic climate creates challenges for businesses.
United States | Publication | November 2022
On October 21, 2022, the US Department of Health and Human Services, along with the FBI and the Cybersecurity Infrastructure and Security Agency (CISA), issued a bulletin warning that a cyber threat actor group known as "Daixin Team," is actively targeting US businesses, predominantly in the healthcare and public health sectors, with ransomware and data extortion operations. The bulletin contains several technical recommendations that should be passed along and, if possible, implemented by your IT teams.
But cybersecurity begins at the top of an organization, a point the Federal Trade Commission (FTC) emphasized in a proposed consent issued on October 24. In that matter, the FTC alleged that a company's failure to use appropriate information security practices was the responsibility of the CEO. The FTC alleged that the CEO did not implement, or properly delegate responsibility to implement, reasonable information security practices, by failing to hire an executive responsible for information security—although he hired executives for many other areas. In the proposed consent, that individual, for the next 10 years, will be responsible for ensuring that any future company where he is a majority owner or CEO (or similar position) has implemented and maintains a comprehensive information security program.
If you have questions about implementing your security program or conducting ongoing risk assessments, please contact the Norton Rose Fulbright professionals listed below.
Publication
The current volatile and unpredictable economic climate creates challenges for businesses.
Publication
Recent tariffs and other trade measures have transformed the international trade landscape, impacting almost every sector, region and business worldwide.
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In mid-March 2025, Cognia Law and Norton Rose Fulbright’s Legal Operations Consulting team co-hosted a second roundtable event that brought together senior leaders, including GCs, COO and head of legal operations, from across the legal industry to discuss how to drive meaningful change within the legal ecosystem.
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