Board Table Top Exercise: A Realistic Ransom-Scenario-Driven Discussion

There’s no question that the pandemic has increased companies’ vulnerability to cyberattacks. More companies’ employees are working remotely, and thieves are leveraging that change—as well as public fear—to conduct hacking campaigns. In today’s rapidly changing business world, companies must anticipate significant risks associated with ransomware attacks.

View the exercise from MoFo’s Privacy and Data Security team, Miriam Wugmeister, Alex Iftimie, Mark David McPherson, Melissa Crespo, Peter Carey, and Mary Race. Our panel’s presentation for the National Association of Corporate Directors – Northern California Chapter provides a cybersecurity exposure preparedness overview for board members, including:

• Current trends in cybersecurity threats, including ransomware and supply-chain compromises;
• The board’s role before, during, and after an incident;
• Regulatory expectations of a board’s oversight of an incident and how to avoid liability; and
• An incident scenario to guide discussion.