News & Analysis as of

Cyber Attacks Directors

Amundsen Davis LLC

Is Nothing Sacred? Cyberattacks May Impact Director and Officer Fiduciary Duties

Amundsen Davis LLC on

MGM Resorts is the latest victim of a cyberattack occurring on September 10th, which has set back the gambling and leisure giant substantially, both in terms of business function and income. MGM is not alone. Household names...more

Cranfill Sumner LLP

Cybersecurity is IT’s Job, not the Board’s, Right?

Cranfill Sumner LLP on

Cybersecurity is a modern tech-savvy buzzword that often makes non-IT peoples’ eyes glaze over. This mindset is very risky, and cybersecurity should not be taken lightly. The truth is that cybersecurity, while highly...more

Skadden, Arps, Slate, Meagher & Flom LLP

A Practical Guide to the Role of Directors in Fighting Ransomware

Takeaways - Boards need to take an active role overseeing cybersecurity measures. - Directors may be held personally responsible for lapses that result in attacks. - U.S. money laundering and sanctions rules may prohibit...more

Fox Rothschild LLP

Cybersecurity Readiness – A Fox Rothschild Exclusive Report For C-Suite Level Executives

Fox Rothschild LLP on

BY FAILING TO PREPARE, many companies have prepared to fail when it comes to thwarting cyberattacks. Fox Rothschild’s survey of corporate leaders reveals endemic misperceptions about what is necessary for privacy and data...more

Bennett Jones LLP

Cybersecurity Obligations of Directors - Guidance from the United States Decisions

Bennett Jones LLP on

Your organization will in all likelihood suffer a cyberattack. According to a recent study by Accenture, the average Canadian organization faces about 96 cyberattacks per year, nearly one third of which result in a security...more

Blank Rome LLP

Cybersecurity, Cyber Insurance: What Fund Directors Need to Know

Blank Rome LLP on

Cyberattacks are attempts by hackers to damage, destroy and/or steal data from a computer network or system. From 2013 to 2015, more than 153.6 million people had information stolen in cyberattacks involving companies such as...more

Blake, Cassels & Graydon LLP

Cybersecurity Risks: Directors and Officers Should Stop, Collaborate and Listen

The risks associated with cyber-attacks and data breaches are growing in Canada and internationally and the costs associated with an organization preventing, detecting, responding to and recovering from such an incident can...more

Zelle  LLP

Cybersecurity: Where Does the Buck Stop?

Zelle LLP on

Over the last few months, we’ve been talking about cybersecurity issues for employers. We’ve discussed the responsibilities and risks associated with personally identifiable information and the wave of lawsuits resulting...more

Blank Rome LLP

Boards Should Put Time and Resources into Cybersecurity Issues – It Is Good for Business and Works as a Defense Strategy

Blank Rome LLP on

We have previously blogged about Commissioner Aguilar’s recommendations at a NYSE conference, “Cyber Risks and the Boardroom” on what boards of directors should do to ensure that their companies are appropriately considering...more

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