Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
11.14.16
<p[>NEW YORK—Spurred by the growing and often contradictory cybersecurity regulatory burden facing companies, Pillsbury has joined with Thomson Reuters and FireEye in an industry-first collaboration to help corporations manage cybersecurity compliance and risk in the face of new regulations. This alliance offers a holistic, multi-pronged approach to cybersecurity risk assessment and due diligence that combines legal counsel, technical assessments and legal managed services to help meet a variety of internal, external and regulatory standards.
As targeted cyberattacks become more sophisticated, complex and commonplace, organizations cannot rely on the patchwork of industry standards as a base for their cybersecurity or risk management program. Each organization should determine its own risk and address issues and concerns before a problem arises. However, even a casual review of the news shows that few companies are meeting this obligation with widespread success.
The partnership between Thomson Reuters, Pillsbury and FireEye provides the resources and guidance organizations can rely upon to help manage cyber risk, particularly as regulations in this area expand and evolve. Pillsbury will help companies navigate the myriad regulations, standards and guidelines they face and provide them with legal counsel related to compliance and risk management. The Thomson Reuters Legal Managed Services team will leverage its experience and efficient processes to review contracts and agreements with third-party suppliers and assist in implementing key changes to such processes or agreements as advised by Pillsbury. FireEye, an industry-leading cybersecurity company, will perform technical risk assessments, advanced testing and response readiness measures to match each company’s defense posture with industry- and business-specific threats.
“Cyberthreats and the regulations created to counter them have grown incredibly complex,” said Cybersecurity, Data Protection and Privacy partner Brian Finch. “With that in mind, it is essential to bring multiple perspectives and skill sets together in order to attack the problem. The recently released cybersecurity regulations from the New York State Department of Financial Services cemented our belief that no one organization can fully assist a company in protecting itself from criminal attack and regulatory obligations. The opportunity to work with industry leaders like FireEye and Thomson Reuters to help companies solve those multiple objectives is a truly exciting one.”