Broadcast Date: Friday, June 14, 2024
from 12:00 pm to 1:30 pm (ET)
Overview:
In today’s interconnected business world, relying on external vendors opens doors to unforeseen security risks.
Join Chadwick A. McTighe and Sarah Cronan Spurlock of Stites & Harbison, PLLC in this CLE webcast where they equip you with the knowledge and strategies to mitigate these risks and protect your bottom line.
Key topics to be covered are:
- The alarming rise of third-party data breaches
- The hidden financial impact
- Identifying vulnerabilities in your supply chain
- Building a proactive defense
- Responding to an incident
Credit:
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-Demand Webcast
Prerequisite:
General knowledge of cybersecurity
Course Code:
1410989
Total Credit:
CLE Credit:
GA CLE 1.50 General - Approved Until: 12/31/2024
CA CLE 1.50 General - Approved Until: 6/14/2026
PA CLE 1.50 General - Approved Until: 6/14/2026
TN CLE 1.50 General - Approved Until: 6/14/2025
WI CLE 1.50 General - Approved Until: 12/31/2025
VT CLE 1.50 General - Approved Until: 12/31/2025
NJ CLE 1.50 General - Credits through Reciprocity
NY CLE 1.50 Areas of Professional Practice - Credits through Reciprocity
AR CLE 1.50 General - Credits through Reciprocity
CT CLE 1.50 General - Credits through Reciprocity
NH CLE 1.50 General – Meets the requirements of NH Supreme Court Rule 53
MS CLE 1.50 General - Approved Until: 06/14/2025
Pending CLE Application:
NONE
Self-Apply:
AL, CO, DE, FL, ID, IN, IO, KS, KY, LA, NC, ME, MN, MT, NE, NV, NM, ND, OH, OK, OR, SC, TX, UT, VA, WA, WV, WY
If you’d like us to apply for CLE, you may opt to pay the CLE processing fee here.
No MCLE Requirements:
DC, MD, MA, MI, SD
Not Eligible for CLE:
AK, AZ, HA, MO, IL
How to Claim CLE Credits Per State:
https://knowledgewebcasts.com/how-to-claim-cle-credits-per-state/
CLE State Requirements:
https://knowledgewebcasts.com/cle-state-requirements/
CPE State Requirements:
Speaker Panel:
Chadwick A. McTighe, Member
Stites & Harbison, PLLC
Chad McTighe is a Member in the Louisville office and served as Chair of the firm’s Business Litigation Service Group before joining the firm Management Committee in 2024. He advises and represents clients in a wide range of business and commercial litigation matters, including extensive practice in class action litigation, shareholder and membership disputes, real estate litigation, data breaches, and fiduciary duty litigation. He represents clients in various industries, including telecommunications, oil and gas, tax liens, insurance, financial institutions, health care, and many others. He has practiced in a number of state and federal courts and has successfully argued multiple issues of first impression resulting in published appellate decisions. His accolades include: Martindale-Hubbell® (AV-Preeminent® rating), Super Lawyers, Benchmark Litigation’s Future Star, and an appointment to serve as a Special Justice for the Kentucky Supreme Court.
Sarah Cronan Spurlock, Member
Stites & Harbison, PLLC
Sarah Cronan Spurlock is a member of the firm’s Health Care Service Group and is Co-Chair of the firm’s Privacy & Data Security Group. Sarah regularly advises clients on a wide range of health care issues, including fraud and abuse laws, compliance guidance, physician self-referral, physician employment agreements, physician and hospital contracting, technology and general contracting, HIPAA privacy and security, and data breach prevention and response. Her practice includes regulatory and transactional matters and health care litigation. Sarah is a Certified Information Privacy Professional (CIPP/US) and serves as the firm’s Chief Privacy Officer.
Agenda:
Chadwick A. McTighe, Member
Stites & Harbison, PLLC
and
Sarah Cronan Spurlock , Member
Stites & Harbison, PLLC
- Data breaches are not ending any time soon, especially as more and more information is stored digitally. Whether through simple oversight (e.g., someone sends the wrong list out) or malicious acts (hackers), it is less a question of whether you will suffer a data breach and more a question of when. Adding third party vendors who possess your data adds another layer of risk.
- Data breaches are costly—in more ways than one. There is the cost of remedying them, both in terms of dollars spent and the diversion of employee resources. There is the cost of the inevitable litigation. There is the intangible cost of reputational harm. These costs do not go away just because an external vendor is responsible for the breach (though some can be mitigated at least). Cyber insurance and vendor contracting can be utilized as part of a risk mitigation strategy.
- Being proactive to reduce the risk of data breaches is a must. This includes not only assessing and addressing potential weaknesses in your own systems and ensuring adequate security measures are in place, but also ensuring third party vendors are taking necessary steps to secure your data. We will discuss vendor management as an important component of an organization’s layered defense against cyber attacks
- How you respond to an incident is critical. Mitigating the harm to your organization is, of course, important, but it can be even more critical to take immediate steps to mitigate the harm to those whose information was compromised (customers, employees, etc.). This includes taking steps to address a breach that occurs with a vendor. Addressing an incident will be much easier with proper protocols and processes already in place with the vendor. We will discuss factors that tend to increase and decrease costs associated with a data breach.
- Tips on best practices/concluding thoughts. We’ll recap some of the key takeaways from the presentation and offer practical tips on how to prevent and address third party data breaches.
Date & Time:
Friday, June 14, 2024
12:00 pm to 1:30 pm (ET)
Who Should Attend:
- Privacy & Data Security Lawyers
- Technology Lawyers
- IT Professionals
- Cybersecurity Analysts
- Data Security Compliance Professionals
- Risk Management Professionals
- Financial Analysts
- Insurance Analysts
- Other Professionals Interested in Third-Party Data Breaches
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