News & Analysis as of September 21, 2024

Cybersecurity › Directors

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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

Annual Report and Shareholder Meeting Season

Seward & Kissel LLP on 12/22/2023

This memorandum is for our Capital Markets clients in anticipation of the upcoming annual reporting and shareholder meeting season for 2024. Below you will find key filing deadlines, new disclosure requirements, and general...more

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

Amundsen Davis LLC on 9/21/2023

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

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

Cranfill Sumner LLP on 4/5/2022

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

A Practical Guide to the Role of Directors in Fighting Ransomware

Skadden, Arps, Slate, Meagher & Flom LLP on 2/17/2021

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

Mitigating Director Liability Claims in a COVID-19 World

UB Greensfelder LLP on 5/18/2020

The current pandemic and attendant disruption in securities markets are creating unprecedented challenges for directors of both public and private companies. In the coming months, directors can expect to see a rash of...more

A Toolkit for Directors & Officers of US Companies Amid COVID-19

Goulston & Storrs PC on 4/8/2020

The current COVID-19 crisis has rapidly re-shaped everyday life around the world, and our understanding of the impact this disruption to daily interactions and routines has had on business is constantly evolving....more

Recent FTC Enforcement Actions

Stoel Rives - Global Privacy & Security Blog® on 8/24/2019

What the FTC Wants, the FTC (Mostly) Gets - In recent weeks the Federal Trade Commission has been on a tear. As one example, on July 22 it announced a $700 million settlement with Equifax for “the 2017 data breach that...more

Cyber Crash Course for Directors and Officers

Bennett Jones LLP on 5/17/2019

We had a packed house for our Cyber Time: Crash Course for Directors and Officers event this week at the Bennett Jones Calgary office. The half-day session covered current cyber threats facing businesses today, litigation...more

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

Fox Rothschild LLP on 4/4/2018

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

FCPA Compliance Report-Episode 330 Robin Bew and Henry Stoever of the NACD

Thomas Fox - Compliance Evangelist on 6/5/2017

In this episode, I visit with Robyn Bew, the Director of Strategic Content Development for the National Association of Corporate Directors (NACD) and Henry Stoever, the Chief Marketing Officer for the NACD. They discuss what...more

Corporate Law & Governance Update - March 2017

McDermott Will & Emery on 3/11/2017

Executive Compensation Developments - The general counsel should anticipate questions from the board and its executive compensation committee from recent media coverage of executive compensation (especially in the...more

Cybersecurity Obligations of Directors - Guidance from the United States Decisions

Bennett Jones LLP on 2/17/2017

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

Investment Funds Update - Europe: Legal and regulatory updates for the funds industry from the key asset management centres and...

Dechert LLP on 10/20/2016

Central Bank Issues "Dear Chairman" Letter Regarding Directors' Time Commitments for Each Sub Fund - The Central Bank of Ireland issued a “Dear Chairman” letter on 8 September 2016, concerning its review of the number of...more

Cybersecurity, Cyber Insurance: What Fund Directors Need to Know

Blank Rome LLP on 8/16/2016

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

Managing Cybersecurity Risk for Nonprofit Organizations: A Fiduciary Duty?

Patterson Belknap Webb & Tyler LLP on 5/16/2016

We live in an era of increasingly prevalent cybercrime, and nonprofits are in the crosshairs. Harvard University, Penn State University and two BlueCross BlueShield entities are just a few nonprofit organizations that...more

Cybersecurity Legislation Stalks Bank Directors

Burr & Forman on 1/4/2016

To avoid potential personal liability for cybersecurity breaches, bank directors should take proactive steps to make sure their institution complies with all applicable regulations. In the wake of recent well-publicized...more

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

Blake, Cassels & Graydon LLP on 12/17/2015

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

Cybersecurity and Risk Management: “Navigating the Digital Age: The Definitive Cybersecurity Guide for Directors and Officers”

Foley Hoag LLP - Security, Privacy and the... on 10/26/2015

A timely new resource for business executives, technology professionals, and lawyers alike is the newly-published Navigating the Digital Age: The Definitive Cybersecurity Guide for Directors and Officers from the New York...more

Florida’s CADRA a Powerful New Data Protection

Foley & Lardner LLP on 9/14/2015

Florida businesses will soon have an important and powerful new legal cause of action to combat unauthorized access to protected computer systems or data by employees, former employees, directors, officers, and others....more

Cybersecurity: Where Does the Buck Stop?

Zelle LLP on 6/23/2015

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

Taking Control of Cybersecurity: A Practical Guide for Officers and Directors

Foley & Lardner LLP on 5/5/2015

Major cybersecurity attacks of increased sophistication — and calculated to maximize the reputational and financial damage caused to the corporate targets — are now commonplace. These attacks have catapulted cybersecurity to...more

Breaches in the Boardroom: What Directors and Officers can do to Reduce the Risk of Personal Liability for Data Security Breaches

Goodwin on 2/9/2015

Corporate directors and officers may increasingly be targets of shareholder derivative lawsuits in the wake of the surge of regulatory actions and private litigation around data breaches,. While no individual directors and...more

"Insights Focus: Key Observations for Directors and Senior Executives"

Skadden, Arps, Slate, Meagher & Flom LLP on 1/29/2015

Although Insights is intended to cover a wide range of issues, there are a number of topics we believe will be of particular interest to directors and senior corporate executives. Below is an introduction to these topics and...more

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

Blank Rome LLP on 11/20/2014

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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Cybersecurity › Directors

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