SEC’s SolarWinds Lawsuit: Implications for Directors & Officers in Cybersecurity
A panel discussion on the SEC’s SolarWinds lawsuit and its implications on for individuals, directors, and officer insurance is essential in shedding light on the evolving landscape of cybersecurity regulations and the responsibilities of corporate leadership.
In the wake of the SolarWinds cyberattack, where malicious actors compromised a widely used software and breached numerous organizations, the SEC’s involvement underscores the need for a nuanced discussion on the potential legal ramifications for directors and officers.
Panelists will explore proactive measures and strategies that individuals in leadership positions should consider to enhance their protection in the face of evolving cyber threats. This includes a thorough evaluation of existing directors and officers insurance policies, ensuring they provide adequate coverage for cyber-related risks. Discussions may also delve into the importance of cybersecurity training for executives, emphasizing the role of proactive risk management and the implementation of robust cybersecurity protocols to mitigate the likelihood of legal actions.
Partner, Global Privacy & Cybersecurity Practice, Hunton Andrews Kurth LLP
Lisa Sotto chairs Hunton’s top-ranked Global Privacy and Cybersecurity practice and is the managing partner of the firm’s New York office. Lisa has received widespread recognition for her work in the areas of privacy and cybersecurity. She has received top rankings for privacy and data security by Chambers and Partners and The Legal 500. Chambers also honored Lisa with the 2021 Outstanding Contribution to the Legal Profession award. She was named a “Client Service All‐Star” by BTI in 2022. Lisa serves as the Chairperson of the Department of Homeland Security’s Data Privacy and Integrity Advisory Committee. Nicknamed both the “Priestess of Privacy” and “Queen of Breach,” Lisa speaks frequently at conferences, testifies regularly before the U.S. Congress and other U.S. and global legislative and regulatory bodies, and is the editor and lead author of the legal treatise entitled Privacy and Cybersecurity Law Deskbook, published by Wolters Kluwer.
Partner, Securities and Exchange Commission and Capital Markets, Hunton Andrews Kurth LLP
Scott Kimpel is a partner in the Washington DC office of Hunton Andrews Kurth LLP. He regularly advises clients across a broad sector of the economy facing sensitive reporting, compliance and enforcement matters before the Securities and Exchange Commission and other capital markets regulators. His practice encompasses a wide range of matters involving the securities laws, mergers and acquisitions, corporate governance, regulatory enforcement, cybersecurity, administrative law and public policy. Scott heads Hunton’s ESG practice, and also leads the firm’s working group on blockchain and digital assets. Before joining the firm, Scott served on the Executive Staff of the SEC as Counsel to Commissioner Troy A. Paredes from 2008 to 2012.
Senior Vice President and Chief Information Security Officer, First Bank
Marc Ashworth, Senior Vice President and Chief Information Security Officer at First Bank, is a respected IT executive with over 30 years of experience in cyber and physical security, IT/security architecture, project management, author and a public speaker. He is a member of the Webster University Cyber Advisory board, Co-Founded the State of Cyber annual security conference, and a Lifetime member of FBI Citizens Academy. He is a former board officer for the St. Louis InfraGard Alliance. Possessing security certifications in CISSP, CISM, CRISC, Security+ and other certifications. Mr. Ashworth currently oversees First Bank’s information security, fraud, physical security, and the network services departments. You may reach him via LinkedIn at https://www.linkedin.com/in/marcashworth/ .
Watch the Replay:
Time: 2:00PM–3:00PM EST