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Greenberg Traurig’s Steven M. Malina and Jena M. Valdetero to Present ‘Cybersecurity and the SEC’ Webinar

CHICAGO – May 5, 2022Steven M. Malina and Jena M. Valdetero, shareholders in the Chicago office of global law firm Greenberg Traurig, LLP, will present the Celesq AttorneysEdCenter CLE webinar “Cybersecurity and the SEC: Updates on Proposed Rule-Making and Enforcement Actions” May 10 at 3 p.m. EDT.

The webinar will discuss the U.S. Securities and Exchange Commission (SEC)’s 2021 announcement prioritizing cybersecurity and the increase in security breaches following the shift to remote work due to COVID-19. The SEC has since issued proposed rulemaking for cybersecurity disclosures, including a 48-hour regulatory breach notification requirement, for broker-dealers and registered investment advisors.

Recently, the SEC issued proposed rules for public companies, including a rule requiring disclosure of significant cybersecurity incidents within four days. The rules follow an increase in enforcement actions against companies deemed to have inadequate cybersecurity practices, breach reporting, and recordkeeping.

Malina, a former Senior Attorney in the SEC’s enforcement branch, focuses his practice on a variety of litigation and regulatory matters with representations of financial services industry clients, hedge fund matters, and securities and general commercial litigation. He represents officers, directors, broker-dealers, investment advisors, commercial banks, investment banks, investment management firms, and public issuers in investigations and disciplinary proceedings initiated by the SEC, Commodity Futures Trading Commission, Financial Industry Regulatory Authority, Federal Deposit Insurance Corporation, New York Stock Exchange, Chicago Board Options Exchange, Chicago Mercantile Exchange, and state regulators. 

Valdetero, co-chair of the U.S. Data, Privacy & Cybersecurity Practice, advises clients on complex data privacy and security issues. She defends companies against privacy and data breach litigation, with an emphasis on class action lawsuits, and has led more than 1,000 data breach investigations. Valdetero has designed and conducted dozens of data breach tabletop exercises to empower clients to respond effectively to a data security incident. She also counsels companies on data privacy and security compliance programs and advises on cyber risks associated with mergers and transactions.

About Greenberg Traurig’s Data, Privacy & Cybersecurity Practice: Greenberg Traurig’s Data, Privacy & Cybersecurity Practice is composed of a multidisciplinary group of attorneys and professionals located throughout the world. GT’s team of dedicated data protection attorneys have experience working hand in hand with organizations of all sizes to develop practical strategies and provide strategic advice on virtually all aspects of data protection including CCPA, GDPR and other compliance issues; data use, transfer and licensing issues; data breaches and regulatory investigations; and defending against privacy-related class actions.

About Greenberg Traurig’s Securities Litigation Practice: Greenberg Traurig has one of the broadest and deepest securities litigation practices in the country. The firm has been lead defense counsel in hundreds of securities class actions, derivative lawsuits, and SEC investigations and enforcement actions. These include some of the largest and most complex regulatory actions ever filed and one of the most highly publicized securities fraud cases in recent times. The firm has one of the most experienced and largest teams in the United States representing both market leading broker-dealers and Directors & Officers to final award or judgment in thousands of securities arbitrations and trials throughout the country. The team has tried some of the largest arbitration cases to verdict, including numerous matters involving more than $100 million. The attorneys regularly handle matters before the Financial Industry Regulatory Authority Dispute Resolution, Securities and Exchange Commission, American Arbitration Association, National Futures Association, and state and federal courts across the country.

About Greenberg Traurig: Greenberg Traurig, LLP has more than 2400 attorneys in 43 locations in the United States, Europe, Latin America, Asia, and the Middle East. The firm, often recognized for its focus on philanthropic giving, innovation, diversity, and pro bono, reported gross revenue of over $2 Billion for FY 2021. The firm is consistently among the top firms on the Am Law 100, Am Law Global 100, NLJ 250, and Law360 (US) 400. On the debut 2022 Law360 Pulse Leaderboard, it is a Top 15 firm. Greenberg Traurig is Mansfield Rule 4.0 Certified Plus by The Diversity Lab and net carbon neutral with respect to its office energy usage. Web: