Major financial services institutions
O’Melveny advises several financial institutions on cybersecurity preparedness and incident response. We are currently advising a large banking client in responding to the Equifax data breach and are advising a separate banking client on cybersecurity issues as part of stress testing exercises mandated by Dodd-Frank. We have also advised a large insurance and retirement firm on response in the aftermath of a cybersecurity incident affecting customer accounts. Additionally, we have helped a large mortgage-market participant prepare for privacy and data security issues related to the implementation of a large database used for predictive analytics and research purposes. Separately, we helped that same client develop protocols for information-sharing with federal regulators and law enforcement, and advised on privilege consideration surrounding the company’s disclosure of threat and incident information.