Angelo A. Stio III Quoted in Insurance Journal Article, 'New York Cyber Regs Take Effect, Mid-Sized Firms Could See Biggest Impact'
Angelo A. Stio III (CIPP/US), a partner in the Litigation and Dispute Resolution Department of Pepper Hamilton, was quoted in the March 1, 2017 Insurance Journal article, " New York Cyber Regs Take Effect, Mid-Sized Firms Could See Biggest Impact."
Another cost concern relates to a potential increase in litigation, especially in the D&O space, according to Angelo Stio, partner in the Litigation and Dispute Resolution Department of Pepper Hamilton LLP.
“I think you may see some litigation challenging the actions of directors and officers with regard to annual certifications, risk assessments, and failing to dedicate assets to reduce risks,” he said. “On this issue, it will be critical for an organization to document its compliance with the regulation and the rationale and actions taken by directors and officers.”