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CISOs, Internal Accounting Controls, Crown Jewels and Disclosure Procedures: Peeling Back The Onion of the Solar Winds Enforcement Action

November 7, 2023 by Peter Chan, Cynthia Cole, Brian Hengesbaugh, Manisha Reddy, Elizabeth Roper, Avi Toltzis, Jerome Tomas and Cyrus R. Vance Jr. 12 Mins Read

In many ways, the Securities and Exchange Commission’s (“SEC”) October 30, 2023 enforcement action against software company SolarWinds Corporation (“SolarWinds”) and its chief information security officer (“CISO”) is a typical securities case. The first four counts involve alleged material misstatements by the public company related to widely reported operational turmoil that allegedly materially impacted the company. But aspects of the case may signal a change in how the SEC looks at cyber incidents, including internal…

In Cybersecurity

Ransomware Attacks: Who You Gonna Call? – TechStrongTV CISO Talk Episode

May 10, 2023 by Stephen Reynolds 1 Min Read

Every CISO knows it’s not a matter of ‘if’ a cybersecurity incident will occur, but ‘when.’ Fortunately, there’s one name at the top of every CISO’s incident response list: Stephen Reynolds, partner in Baker McKenzie’s Intellectual Property & Technology Practice. Reynolds built a well-deserved reputation as a bulwark between organizations and the cybercriminals who attack them, and he is rightly seen as the man who can make the difference between an organization living on to…