MCCA Global TEC Forum

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.