Today, as technology continues to evolve at a dazzling pace and modern society becomes increasingly dependent on its uses and convenience, regulators are still in the process of defining its oversight. In the face of a lacking comprehensive federal cybersecurity legislation, the Securities and Exchange Commission (SEC) has emerged as a leader in sectoral cybersecurity accountability. As businesses of all sizes face increasing cyber threats with financial, intellectual property theft, or political motivations, they must be prepared for the accompanying regulatory risk. Boards and senior executives are increasingly expected to not only be knowledgeable on the subject but also demonstrate active involvement in their organization’s cyber risk management strategies. Counsel advising these members of senior leadership, as well as executives and board members themselves, will find this webinar a useful opportunity to better understand the SEC regulatory framework, how the new rules will impact business operations, and the steps to take to reduce cyber regulatory risk.

In this seminar, our panelists of regulatory and cyber experts begin by reviewing the role of the SEC and the strengthening of its cyber enforcement actions and capabilities, while contextualizing the current cyber landscape. Our speakers then review the 2020 SEC Cybersecurity and Resiliency Observations, which include standards for senior-level engagement, risk assessment practices, and policies and procedures. The conversation then dives into the new Rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public Companies, detailing their substance and significance. Our panelists conclude by sharing critical insights from both the technical and legal perspectives on the impact of these new rules and key action points.