Alston & Bird attorneys Jessica Corley, Kimberly Peretti, Kelley Barnaby and Lauren Tapson have been honored with a 2015 Burton Award for Legal Achievement for their analysis of the corporate governance risks associated with cyber-attacks and the critical role played by boards of directors in addressing those risks.
The article, “Cybersecurity: What Directors Need to Know in an Era of Increased Scrutiny,” delves into the rapidly changing cyber risk landscape – including increased scrutiny by the Securities and Exchange Commission and other regulators and its potential impact on director liability – and what boards of directors can, and should, do to ensure that their organizations are appropriately considering and addressing cyber risks.
“The growing risk of cyber incidents has the attention of both the plaintiffs’ bar and various regulators,” wrote the authors. “As a result, the sufficiency of corporate disclosures is under the microscope, and companies should be mindful of the increased risk of SEC comment letters, enforcement actions and private litigation that may arise in this context.”
The Burton Awards for Legal Achievement, a program run in association with the Library of Congress, recognizes excellence in legal writing. The winners are chosen from entries submitted by the nation's 1,000 largest and most prestigious law firms. Honorees are recognized at the annual Burton Awards Program and Gala, which will be held at the Library of Congress in Washington, DC, on June 15, 2015, with U.S. Supreme Court Justice Sonia Sotomayor as guest speaker.