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Overview
The U.S. Securities and Exchange Commission ramped up its cybersecurity enforcement efforts in 2018 with a number of “firsts.” In early 2018, the full commission issued updated cybersecurity guidance to its public companies telling them to bolster their disclosures of cybersecurity risk factors and improve data security disclosures. A few months later, the SEC pursued its first-ever cybersecurity enforcement action against a public company after it failed to disclose a hack for more than two years. And finally, in another “first,” the agency used its “Red Flags Identity Theft Rule” against an asset management for a number of alleged cybersecurity missteps and censured the firm with a $1 million fine. With these major developments, it’s likely the agency will continue its push into this fast changing area.
Why You Should Attend:
Chief legal officers, in house counsel, compliance professionals and board members alike will benefit from an overview of the regulatory landscape, affecting public companies of all sizes. Learn about the current state of SEC cybersecurity regulation and the way some companies are preparing for and engaging with regulators.
What You Will Learn:
- Key takeaways from 2018 and what to expect in 2019
- Emerging trends and regulatory expectations for 2019:
- More enforcement actions
- Heightened scrutiny over cyber disclosures
- Understanding a board’s role in cybersecurity
Moderator:
Craig A. Newman, Partner and Chair of Data Security & Privacy Practice, Patterson Belknap Webb & Tyler LLP
Faculty:
Michael F. Buchanan, Partner, Patterson Belknap Webb & Tyler LLP
Robert A. Cohen, Chief, Cyber Unit, Division of Enforcement, U.S. Securities and Exchange Commission
Richard M. Schapiro, Board Member, Molina Healthcare, Inc. and Transamerica Corporation
Program Level: Update
Intended Audience: Chief legal officers, in house counsel, compliance professionals and board members
Prerequisites: None
Advanced Preparation: None