Minority Corporate Counsel Association
Speaking Engagement | June.19.2017 | 3:45pm - 5:00pm (Pacific Daylight Time)San Francisco, CA
Orrick partners Darren Teshima and Aravind Swaminathan will join Monica Patel, Senior Regional Counsel at IBM, for a panel discussion on “Preparing for a Ransomware Attack” at the Minority Corporate Counsel Association's Global TEC (Technology, Education, and Careers) Forum.
As the WannaCry ransomware attack earlier this year highlighted, a ransomware attack is a key threat to even the most sophisticated businesses. In 2016, hackers attacked about half of all U.S. companies with some type of ransomware. Not only are the attacks on the rise, but every week new ransomware variants appear in the internet ecosystem. Ransomware attacks can pose an immediate threat to a company’s business, with the potential to shut down operations if effective safeguards and response protocols are not in place. There are legal risks as well. Regulators have become more attentive to the growing number of attacks, and some have made proclamations about how companies should respond that fundamentally change the legal compliance landscape, requiring the merger of business continuity and disaster recovery plans with incident response activities. The panel will discuss the scope of the ransomware threat to your business, the steps each company should take to prevent ransomware attacks—including having in place an incident response plan and relevant cyber insurance coverage—and how to respond should one occur.
CLE Credits Available: N
Darren Teshima helps clients intelligently manage risk. From providing counsel to safeguard against anticipated and unforeseen dangers to handling high stakes litigation, clients turn to him for creative solutions to protect their businesses. Chambers USA 2020 quotes clients praising his ability to “balance expert knowledge with practical application.” Darren is sought-after for his advice to policyholders in insurance coverage disputes. With the profound uncertainty of COVID-19, clients are relying on Darren’s extensive insurance coverage experience to pursue claims and his proactive judgement to review policies to mitigate and eliminate potential coverage gaps.
Darren’s proactive judgement has protected clients’ long-term business goals time and again. He serves as a true business partner to clients in the technology, fintech and financial services industries. He tailors innovative strategies to help avoid litigation and minimize cyber, data and cryptocurrency concerns, as well as D&O and professional liability. Leaders in the fintech space also seek Darren’s counsel on E&O and cyber loss coverage.
When litigation is necessary, Darren helps clients assert their rights. He’s successfully litigated high stakes commercial disputes with significant wins in connection with insurance coverage, RMBS, D&O coverage, and cyber insurance for some of the largest data breaches in history. He was part of the Orrick team for Credit Suisse that handled one of the only post-financial crisis RMBS cases to go to trial.
A recognized leader, Darren has been ranked for his work on behalf of insurance policyholders by Legal 500, Chambers USA, and has been named a Law360 Rising Star, one of the "Best Lawyers Under 40" by the National Asian Pacific American Bar Association.
Darren is a leader at Orrick serving currently as co-Partner-in-Charge of Diversity and Inclusion, and previously as deputy, co-leader and leader of the Complex Litigation and Dispute Resolution practice from 2016-2020. He is passionate about making the legal profession inclusive for all and takes an active role in D&I industry engagements, including as a fellow in the Leadership Council on Legal Diversity and participating in the Diversity in Law Hackathon.
Darren also is deeply committed to pro bono work and community involvement. He’s handled administrative trials and hearings on behalf of asylum seekers and low-income tenants and provided litigation advice to nonprofit organizations. For his efforts, Legal Services for Children honored him with the Pro Bono Advocate Award twice. Currently, Darren is the chair of the Asian Americans Advancing Justice – Asian Law Caucus, and serves on the boards of Center for Gender & Refugee Studies and Legal Services for Children.
Data is igniting a global, technological revolution. Increased collection, use, storage, and transfer of data has shifted the paradigm of innovation – and created a global security problem. Fortune 500 companies with large quantities of data, cities with vulnerable infrastructure, and every institution in between must manage that risk, without encumbering progress or technological advancement. To do so, they turn to Aravind Swaminathan. Aravind is ranked by Chambers USA and Chambers Global. Clients endorse Aravind, telling Chambers, “he is a strong litigator,” “extremely skilled in the field of legal cybersecurity, extremely responsive and he makes time for us.” “He’s always well prepared and consistently has the answer we need.”
As a strategic cybersecurity advisor, Aravind partners with clients to proactively plan for a crisis and develop strategies to improve resiliency, respond efficiently and effectively, protect their business and brand, and defend them in the onslaught of litigation and enforcement actions that follow. He guides organizations from large public company financial institutions to start-up technology companies to critical infrastructure providers through incidents, and develops business- and brand-centric strategies to mitigate and manage risk. He has directed more than 200 cybersecurity incident and data breach investigations, including enterprise-wide network intrusions to cyberattacks with national security implications.
With extensive trial, litigation and appellate experience, he defends his clients in cyber, privacy, and payments related class actions and other civil litigation (particularly Computer Fraud and Abuse Act matters), and in when these issues lead to regulatory investigations by the SEC, DOJ, FTC, and State Attorneys General.
Aravind’s background as an assistant United States attorney and Computer Hacking and Intellectual Property Section attorney gives him first-hand understanding of federal agencies that allows him to swiftly navigate the system, partner with investigators and find creative solutions for his clients. As a federal cybercrime prosecutor, Aravind investigated and prosecuted a broad array of cybercrime cases, including hacking, phishing, trade secrets theft, click fraud, cyber threats, and identity theft. Aravind also led the cybercrime outreach program, where he worked with members of the Department of Justice, state and federal regulators, law enforcement and other organizations on cybersecurity and related privacy issues. During his time as federal prosecutor in the Complex Crimes Unit, he also investigated and prosecuted a wide array of white-collar crimes, including investment schemes, corporate fraud and embezzlement, securities fraud, tax evasion and the nation’s largest bank failure.