We are all familiar with the almost omnipresent risk of cybersecurity incidents facing companies and institutions today. Ransomware, phishing attacks, infiltration using hidden executable files, and even good old-fashioned password farming happen much more frequently than publicly reported. As cyber incidents increase in frequency and severity, the Securities and Exchange Commission is seeking broader disclosures from SEC registrants regarding cybersecurity policies and cybersecurity oversight by boards of directors. In the first of a two part series, Tiffany Rowe discusses what to expect from the SEC rules and how to ready a board of directors for the SEC’s new oversight standards and disclosures.
Presented by the Professional Liability Litigation Committee