1. D&O Insurance Not Yet a Priority Despite Criminal Trial of Uber’s former CISO

    D&O Insurance Not Yet a Priority Despite Criminal Trial of Uber’s former CISO

    The trial of former Uber CISO Joe Sullivan marks the first time a cybersecurity chief has faced potential criminal liability. Sullivan is charged with trying to conceal from federal investigators the details of a 2016 hack at Uber that exposed the email addresses and phone numbers of 57 million drivers and passengers...

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    1. This is a case about a cover-up, about payoffs and about lies. The evidence will show that Mr. Sullivan paid for the hackers' silence because Uber was being investigated by the FTC.
    2. When you look at an organizational structure, the CISO's role is still really more of a VP, SVP position than a true C-level position.
    3. But as regulations come in and say you have to report an incident in X amount of time, or you have to do X, Y, and Z. When they start being more prescriptive, and companies aren't following that, then the executives will be more exposed as they go along.
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