What Can Directors and Officers Learn from Ransomware Attacks?
Courts have historically set a high threshold to find directors and officers personally liable for breaches of fiduciary duties. However, high stakes and increased publicity will likely cause director and officer liability standards for damages resulting from cyberattacks and data breaches to evolve, and personal exposure of directors and officers will increase. Richik Sarkar
(Cleveland) discussed these issues in an article in the ABA Business Law Section's Cyberspace Law Committee March 2018 Newsletter. Read the full article here.