Cybersecurity, Ransomware, and Data Privacy

In the wake of the global pandemic and corporate workforces being distributed in remote locations, cyber attacks and ransomware risks have multiplied. Attacks on fundamental enterprise software systems and national energy infrastructure providers have highlighted new vulnerabilities for boards and corporations to address, and the Securities and Exchange Commission has proposed more robust disclosure on the board’s oversight of these risks and its capability to assess these risks. This session will not transform you into a cyber-security expert. But it will help you become a more knowledgeable corporate director, better informed about state-of-the-art approaches that corporations can deploy to reduce the risk of damage from a significant cyber-attack and respond appropriately to ransomware threats. It will also highlight the techniques that boards and corporations can deploy to better identify an incident and help minimize the damage once an attack has been discovered. The session will review steps that boards can implement to help assure that management is responding appropriately to these threats. The panelists will discuss and share practical lessons and risk mitigation techniques regarding prominent recent cyber-breaches, the value of cyber-insurance, and when and how companies might cooperate with law enforcement or government agencies, and with other firms in the industry, among other matters.