Business Law Journal Symposium 2015 part 3: Panel 2 -- Financial Repercussions of Data Hacks: Public Relations, Damages, and New Regulation

Business Law Journal Symposium 2015 Corporate Data Breaches: What Companies Can Learn from Recent High Profile Attacks Friday, November 6, 2015 Symposium Theme The increasing number of major corporate data breaches has created new challenges in terms of safeguarding private customer and company information. The public, the government, and the law are beginning to respond and attorneys will need to incorporate public concern, new governmental regulations, and recent and upcoming judicial opinions into their practices. The responses to recent high-profile breaches as well as official submission to the United States Supreme Court of Spokeo, Inc. v. Robins, the case that granted plaintiff Thomas Robins standing under the Fair Credit Reporting Act with only a speculative injury, represents a turning-point in corporate data management. Although the exact outcome is uncertain, experts in corporate law, professors on security law, and public-policy creators will discuss where they believe the field is headed and what is likely to have the greatest impact. Panel Two -- Financial Repercussions of Data Hacks: Public Relations, Damages, and New Regulation With each major attack, impacted corporations have taken a major hit in their respective stock prices, public reputation, and litigation costs. This panel will discuss the practical financial implications of major data breaches, the strategies implemented by companies to ameliorate public opinion, and how new practices or laws will impact their finances in term of heightened security or calculations of damages. Moderated by Professor John Patrick Hunt, Professor of Law with a Scholarly interest in law and finance Speakers: Lawrence Trautman: Entrepreneur and Lecturer on Corporate Security Professor Hemant Bhargava: Professor of Technology Management at the UC Davis Graduate School of Management Joanne McNabb: Director of Privacy Education and Policy, Office of the California Attorney General