C-Suite Liability & Cybersecurity: Navigating a New Era of Enforcement

The document analyzes the SEC’s October 2023 charges against SolarWinds and its CISO for alleged disclosure failures tied to the SUNBURST breach, emphasizing heightened regulatory scrutiny and increasing personal liability for executives. It highlights the growing pressures on CISOs, rising costs for insurance and indemnification, and advocates for improved transparency, adoption of standardized frameworks, and objective cybersecurity ratings to continuously monitor and strengthen programs for both risk management and compliance.