With data breaches, cyber-attacks and governmental enforcement on the rise and front and center in the news, organizations face an increased likelihood of claims, legal proceedings and costs. Without a proper understanding of the privacy and data security issues facing the organization and effective oversight of the policies and procedures to address data privacy and security, directors and officers risk breaching their fiduciary duties and exposing the organization to liability. Join us to explore the issues facing organizations in connection with data breaches and cyber-attacks and examine the steps directors and officers can take to mitigate these risks. We will address implementing Privacy by Design, conducting a risk audit, formulating a business continuity plan, instituting an oversight process, acquiring cyber-insurance and providing adequate public disclosures to investors and potential investors, and we’ll review the Securities and Exchange Commission guidance. What you’ll take away: · Steps to adequately evaluate the likelihood of data privacy and security issues and their impact on the bottom line · The need to annually evaluate existing insurance to determine whether a policy provides coverage for a cyber-attack · An understanding of how carefully crafted risk factor and other public disclosures/notices will reduce the risk of regulatory action and litigation