The D&O Diary

The D&O Diary

A PERIODIC JOURNAL CONTAINING ITEMS OF INTEREST FROM THE WORLD OF DIRECTORS & OFFICERS LIABILITY, WITH OCCASIONAL COMMENTARY

Tag Archives: cyber exposure

That Time the Entire Cyber Security Exposure Narrative Changed

Posted in Cyber Liability
The hack attack on Sony Pictures Entertainment was massive, and it had a devastating effect on the company. As detailed in the December 30, 2014 Wall Street Journal article entitled “Behind the Scenes at Sony as Hacking Crisis Unfolded,” (here), the hackers who attacked Sony’s systems didn’t just pilfer the company’s data — they erased [&hellip… Continue Reading

Target Directors and Officers Hit with Derivative Suits Based on Data Breach

Posted in Cyber Liability, Director and Officer Liability
  I have frequently noted that among the many exposures a company experiencing a data breach could encounter is the possibility of a shareholder suit alleging that the company’s board breached their fiduciary duties by failing to take sufficient steps to protect the company from a breach and its consequences. This possibility has now been [&hellip… Continue Reading

A Critical Question Directors Should Be Asking Company Management About Cyber Risk

Posted in Cyber Liability
Cyber security and related privacy issues increasingly dominate the headlines. And for good reason: according to statistics cited in a recent Wall Street Journal article, cyber attacks –ranging from malicious software to denial of service attacks – increased 42% in 2012. The trend has only accelerated in 2013. As the possibility and potential scope of these [&hellip… Continue Reading