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A View from the Hot Seat: Data Breaches and What to Do Now to Make It Easier When it Happens to You Panelists: Stephen Herbes, Corporate Counsel & Compliance.

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Presentation on theme: "A View from the Hot Seat: Data Breaches and What to Do Now to Make It Easier When it Happens to You Panelists: Stephen Herbes, Corporate Counsel & Compliance."— Presentation transcript:

1 A View from the Hot Seat: Data Breaches and What to Do Now to Make It Easier When it Happens to You Panelists: Stephen Herbes, Corporate Counsel & Compliance Manager Konica Minolta Business Solutions, U.S.A., Inc. Emily Lowe, Vice President FINEX North America Lauren Neiswender, General Counsel Blue Nile, Inc. Lori Nugent, Privacy & Data Security Shareholder Greenberg Traurig, LLC

2 Agenda Overview of the Current Environment What Happens Behind the Scenes With a Potential Breach Efficient Ways to Prepare Now to Handle a Breach Well 2

3 Overview of the Current Environment Global Perspective and Cultural Expectations Key Aspects of Regulations/Competing Regimes Regulatory Investigations Insight into Regulators’ Approaches Litigation 3

4 What Happens Behind the Scenes with a Potential Breach? Identification Investigation Notification Regulatory Investigations Class Actions 4

5 Efficient Ways to Prepare Now to Handle a Breach Well Measures Taken in Advance of a Breach that Make a Difference When It Happens Managing Vendors and Coordinating with Others When Sensitive Information is Shared Effective Ways to Keep Your Board Informed About Cybersecurity 5

6 Measures Taken in Advance of a Breach that Make a Difference When It Happens Evaluating Exposures Reserving and Insurance Building In Good Practices and Proof Points 6

7 Managing Vendors and Coordinating with Others When Sensitive Information is Shared What Happens to Data Cradle to Grave? How Could You Prove that Sharing was Reasonable? – Addressing Cybersecurity in Contracts – Considering Vendor – Joint Incident Response Plans 7

8 Effective Ways to Keep Your Board Informed About Cybersecurity How Should the Board Think About Cybersecurity—What Does Oversight Mean? How Often Should the Board Talk About Cybersecurity? What if the Board Does Not Understand the Technical Jargon? 8

9 Effective Ways to Keep Your Board Informed About Cybersecurity Who Should Report to the Board on Cybersecurity? When Should the Board be Alerted to a Cybersecurity Incident? How Should the Board be Involved in the Company’s Crisis Management Plan? 9

10 Questions? 10


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