Close X
Attorney Spotlight

How does Jordana Nelson's prior experience as a general counsel inform her work with firm clients? Read more>

Search

Close X

Experience

Search our Experience

Experience Spotlight

The M&A Advisor Winner 2017The M&A Advisor announced the winners of the 16th Annual M&A Advisor Awards on Monday, November 13 at the 2017 M&A Advisor Awards. Bass, Berry & Sims was named a winner in the two categories related to the following deals:

M&A Deal of the Year (from $1B-$5B) – Acquisition of CLARCOR Inc. by Parker Hannifin Corporation

Corporate/Strategic Deal of the Year (over $1B) – Acquisition of BNC Bancorp by Pinnacle Financial Partners

Close X

Thought Leadership

Enter your search terms in the relevant box(es) below to search for specific Thought Leadership.
To see a recent listing of Thought Leadership, click the blue Search button below.

Thought Leadership Spotlight

Regulation A+

It seems that lately there has been a noticeable uptick in Regulation A+ activity, including several recent Reg A+ securities offerings where the stock now successfully trades on national exchanges. In light of this activity, we have published a set of FAQs about Regulation A+ securities offerings to help companies better understand this "mini-IPO" offering process, as well as pros and cons compared to a traditional underwritten IPO.

Read now

New Cybersecurity Framework to be "Industry-Friendly"

Publications

February 20, 2014

As mentioned in our previous Alert, the National Institute of Standards and Technology (NIST) recently released the long-anticipated "Framework for Improving Critical Infrastructure Cybersecurity" (FICIC). Yesterday, the Director of the NIST, Peter Gallagher, answered questions about the Framework and its creation, goals, and future use.

In a nationally-broadcast panel discussion, Gallagher emphasized that the FICIC is industry-driven, industry-focused, and industry-friendly. Gallagher commented that, after a decade of failed federal legislation, the Framework offers much needed guidance in the area of cybersecurity. It was drafted with full and open collaboration with industry professionals, and it was built upon practices that had already been tried and proven in the market.

While Gallagher described the FICIC as a flexible, living document, he stated that did not mean that the Framework is a preliminary model that can be set aside until a more permanent model comes along. "If you're waiting for this to settle down before you do anything about it, you're going to miss the train," said Gallagher. "[T]he Framework will actually be driven by those who are the users and adopters of it." 

Although the FICIC itself is not mandatory, it is expected to set the standard for vague terms such as "reasonable" and "adequate" that are scattered throughout preexisting data security laws and regulations. The FICIC should be welcomed by anyone who has had to determine the "reasonableness" or "adequacy" of their company's security policy, training, response plan, etc. 

Our Data Security, Privacy and Cyberliability team has extensive experience counseling clients on cybersecurity policies and practices, and representing clients who have been affected by a security breach or other cyber incident. We welcome your questions about the FICIC, as well as any other aspect of cybersecurity risks, principles, or procedures. 

For more information about the content of this Alert, please contact the author.


Related Professionals

Related Services

Notice

Visiting, or interacting with, this website does not constitute an attorney-client relationship. Although we are always interested in hearing from visitors to our website, we cannot accept representation on a new matter from either existing clients or new clients until we know that we do not have a conflict of interest that would prevent us from doing so. Therefore, please do not send us any information about any new matter that may involve a potential legal representation until we have confirmed that a conflict of interest does not exist and we have expressly agreed in writing to the representation. Until there is such an agreement, we will not be deemed to have given you any advice, any information you send may not be deemed privileged and confidential, and we may be able to represent adverse parties.