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If a catastrophic data breach happened today, would your bank be prepared to handle it? Bank management must have an action plan in place to comply with legal obligations and convey an appropriate message to customers.
Review the legal obligations for directors and officers following a breach of customer data and best practices for public relations in its immediate aftermath. Topics will include the breach investigation, mandatory reports to affected customers and regulators, director and officer participation, and insurance considerations.
Winthrop & Weinstine