Tag: cyber risk

Shareholders Can Sue Corporate Officers for Breach of Duty of Oversight in landmark Ruling — CISOs and CPOs, You Listening?

In a landmark ruling, the Delaware Court of Chancery has recognized that corporate officers owe the company a legal duty of oversight, which has traditionally been an obligation solely of directors, and can be sued by shareholders for breach of that duty. In the cybersecurity and privacy context, what does this mean for Chief Information…

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Cyber Incident Response Preparation and Your Board Pt.2 – The Above Board Show

“Amateurs talk about strategy and tactics. Professionals study logistics.” – General Omar Bradley It was great to be a guest on The Above Board Show hosted by my friends Raf Los and Grant Sewell where we discussed what “The Board” needs to know about security incidents and getting prepared for the worst day ever for…

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Increased Ransomware Threat in Wake of Russia Invasion of Ukraine — Shawn Tuma Discusses

With the Russian invasion of Ukraine well underway, cyber warfare and increased ransomware activity are imminent. Shawn Tuma was a guest on KNX News to discuss the implications for Americans from the government level down to the mom and pop businesses. Listen to the interview HERE. A senior FBI official has asked businesses and local…

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Ransomware Attack Forces Company Into Bankruptcy

A ransomware attack forced United Structures of America Inc. into bankruptcy according to court filings. In May 2019, the Texas-based steel structure manufacturer was the victim of a ransomware attack that encrypted its data (including financial information, accounts receivable, etc.) and the software to run its manufacturing equipment. The company paid the ransom but decryption…

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Facebook Outage: Shawn Tuma’s WFAA Interview from the deck at #NetDiligence

While it was only a very short clip (@1:00), there was something really fun about doing a tv interview, sitting on the deck overlooking the Pacific Ocean in Santa Monica, while at NetDiligence®Cyber Risk Summit #NetDiligence to talk about Facebook‘s little cyber “thing”! https://www.wfaa.com/video/tech/investigation-underway-after-facebook-goes-down-for-almost-a-day/287-18ccb300-6b97-4e22-a0ef-046ce8523318?jwsource=cl Full Story: Facebook outage: nice break or rude awakening?

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Cyber Insurance Fact vs Fiction (i.e., dispelling the myths!): #DtSR Podcast Episode 454 with Sean Scranton & Raf Los

My friend and cyber insurance underwriter guru Sean Scranton and I were guests on the Down the Security Rabbithole Podcast with Raf Los for episode 454, Cyber Insurance Fact vs Fiction.  It is always fun to join the #DtSR Podcast and this time was no disappointment! In Episode 454 we discuss all things cyber insurance from…

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StopRansomware.gov – the U.S. Government’s One-Stop Resource for Ransomware

The U.S. Government has launched a new resource to help combat the ransomware pandemic. Below is the relevant information it has shared: The U.S. Government launched a new website to help public and private organizations defend against the rise in ransomware cases. StopRansomware.gov is a whole-of-government approach that gives one central location for ransomware resources…

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Ransomware! What is it and how do you better protect against it?

Just as one pandemic — COVID-19 — seems to be winding down, another — THE RANSOMWARE PANDEMIC — is now wreaking havoc on our society with full force. Critical Information You Need to Help Better Protect Your Practice and Your Clients From Ransomware, my article in the July 2021 Texas Bar Journal, attempts to provide…

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