Officers and directors of companies that have had data breaches have become targets of litigation through shareholder derivative claims since the consumer class-action claims have had a difficult time making it past the causation of harm threshold. Those officers and directors may now sigh in relief, if only briefly, following a November 30, 2016, ruling by the District Court in the Home Depot Shareholder Derivative Litigation dismissing the shareholders’ claims against the officers and directors. (Court’s Order) Continue reading “Home Depot Data Breach Shareholder Derivative Suit Against Directors Fails”
Shawn Tuma delivered the presentation Cybersecurity Legal Issues: What You Really Need to Know at SecureWorld Expo Dallas on September 27, 2016. The following are the slides from Tuma’s presentation.
Download: Cybersecurity Incident Checklist
Shawn Tuma delivered the presentation Cybersecurity Legal Issues: What you really need to know at a Cybersecurity Summit sponsored by the Tarleton State University School of Criminology, Criminal Justice, and Strategic Studies’ Institute for Homeland Security, Cybercrime and International Criminal Justice. The presentation was on September 13, 2016 at the George Bush Institue. The following are the slides from Tuma’s presentation — a video of the presentation will be posted soon!
Officer and director liability for cybersecurity incidents is a hot topic. It will only get hotter because, when it comes to risks impacting the company, the buck stops at the Board of Directors. As it should.
Cybersecurity and corporate governance law are converging to develop a duty for the Board to be involved in cybersecurity issues that affect the company. (related posts) The question is, however, on how granular of a level should the Board’s role be when it comes to cybersecurity? Continue reading “3 Key Points the Board Needs to Know About Cybersecurity”
In his latest Ethical Boardroom article, Shawn Tuma explains why it is important for board members to have an active role in their company’s cybersecurity preparation and tells them several key steps they can take to do so. Tuma also explains why cybersecurity is as much a legal issue and business issue as it is an IT issue. Continue reading “Managing Cybersecurity Risks for Boards of Directors”