Cyber Security

Public Disclosure of Cyber Attacks and Exploring the Universe of Directors and Officers Liability Insurance


In a world where cyberattacks are an almost daily occurrence, it is vital that companies be aware of their risks and have policies and procedures in place for dealing when a cyberattack becomes a reality, because it is not a question of if, but when. Knowing how to make the proper disclosures to not only the public and your shareholders, but also to the SEC is extremely important. The presenter of the first part of this course provides insight on how to successfully interpret the loosely defined disclosure guidelines set forth by the SEC.

Navigating the universe of Directors and Officers Liability Insurance coverage can be a daunting task, but the presenter of the second portion of this course takes us on a journey through that universe, providing an in-depth look at many situations that may or may not be covered. She looks to recent case law to provide a real-life look at how some situations have been addressed under D&O policy coverage, and provides practical tips for making sure you have the best possible coverage in place.


I. Public Disclosure of Cyber Attacks
    A. Disclosure and the SEC
    B. A Brave New World
    C. Cybersecurity vs. Data Security
    D. Cyber Threats
        1. Phishing and Malware
        2. Ransomware
    E. Risk Disclosure
    F. Required Disclosures
    G. Anyone can be a Victim
    H. Investigating an Incident
    I. Obligations for Private Companies
II. Exploring the Outer Reaches of D&O Liability Insurance
    A. Introduction
    B. The D&O Universe: Investigations
        1. The Definition of a Claim
        2. Inquiry Coverage
    C. The D&O Universe: Event-Driven Claims
    D. The D&O Universe: Cyber Risks
        1. What's Happening in this Realm
        2. What do you do About Cyber Risk?
    E. The D&O Universe: Valuation Claims
    F. Navigating the D&O Coverage Universe

Content Provided

With influence and presence on both U.S. coasts and abroad, Pillsbury Winthrop Shaw Pittman LLP enjoys an expansive international platform. The firm has 14 offices in global centers for capital markets, energy and technology and provides its clients with the strength of this reach and a commitment to cross-border service and responsiveness. Pillsbury is a leader in its core areas of focus: capital markets and finance, energy, global sourcing, litigation, real estate, technology, life sciences, and communications.

Learning Objectives:

Speakers / Authors:

Photo of Tamara Bruno

Tamara Bruno

Tamara D. Bruno is Counsel in the Houston office of Pillsbury Winthrop Shaw Pittman LLP. Ms. Bruno advises and represents companies and institutional policyholders in complex insurance matters in all industries, including energy, higher education, hospitality and construction.

Ms. Bruno provides insureds with insurance/risk management advice and representation in disputed claims. She advises insureds proactively on their insurance programs and risk management efforts. She also represents insureds in disputed insurance claims through negotiation, alternative dispute resolution and litigation. Her experience spans a wide range of business insurance, including various liability coverages, property and casualty coverage, and other specialized forms of coverage.

Ms. Bruno was named an Insurance Rising Star in 2017 by Law 360, and has been recognized by Chambers USA in Insurance for 2017 and 2018.

Ms. Bruno received her J.D. from Hofstra University School of Law in 2009, and her B.F.A from New York University in 2005.

Photo of David Lisi

David M. Lisi

David M. Lisi is a Partner in the Silicon Valley office of Pillsbury Winthrop Shaw Pittman LLP. Mr. Lisi represents U.S. and international technology companies with respect to securities litigation and counseling, data security, and complex commercial disputes.

Mr. Lisi focuses his practice on advising and representing corporate boards and management, companies, and underwriters in connection with class action, merger, and corporate governance litigation and data security litigation and counseling. He has conducted numerous special investigations for audit committees and special litigation committees on behalf of Silicon Valley and Fortune 500 companies, and represents clients in matters involving a wide range of substantive issues, including complex commercial litigation, federal and state competition claims, copyright infringement claims, trade secret misappropriation matters and licensing disputes.

Mr. Lisi was recognized by The Legal 500 U.S. in Dispute Resolution: General Commercial Disputes in 2018, and by Best Lawyers in America in Litigation: Securities in 2019.

Mr. Lisi received his J.D. from Cornell Law School in 1991, and his B.A. from Yale University in 1983.


Price (USD)

Standard: $99.00
Subscribers: FREE
Pillsbury U Online: FREE
Metro State Univ: $99.00


Course Code : 775549

Release Date : 04/16/2019

Length : 1hr
Recorded Date : 1/24/2019

Format Type : eLearning
Mobile Compatible

Accreditation Info

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