When dealing with a cybersecurity incident response, nonprofit healthcare systems have different constituents to consider. Patients and staff who risk having personal information exposed or procedures postponed are the most important, but bondholders of a system’s debt also will want to know about the incident. The Securities and Exchange Commission recently updated its Compliance and Disclosure Interpretations related to cybersecurity incidents for public reporting companies. Read on to learn more about how this guidance, which is not binding on nonprofit healthcare systems that issue bonds, still provides helpful insights.

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Photo of TW Bruno TW Bruno

T.W. is a transactional lawyer who handles securities and disclosure matters related to the tax-exempt bond market. He helps clients through the bond issuance process, from preliminary approvals and structuring to crafting disclosure and collaborating on post-closing issues related to tax and securities…

T.W. is a transactional lawyer who handles securities and disclosure matters related to the tax-exempt bond market. He helps clients through the bond issuance process, from preliminary approvals and structuring to crafting disclosure and collaborating on post-closing issues related to tax and securities matters. He serves as bond counsel on transactions and as underwriter’s counsel and lender’s counsel on bond transactions. T.W. has served on the Securities Law Committee of the National Association of Bond Lawyers since 2013.

Photo of Anna Horevay Anna Horevay

Anna focuses her practice on public finance with an emphasis on infrastructure financings. She is a recognized emerging leader for her considerable experience advising clients on infrastructure projects from conception to financing. In addition to her financing practice, Anna counsels clients on tax…

Anna focuses her practice on public finance with an emphasis on infrastructure financings. She is a recognized emerging leader for her considerable experience advising clients on infrastructure projects from conception to financing. In addition to her financing practice, Anna counsels clients on tax credits and other governmental incentives.

Photo of Anne Curtis Saunders Anne Curtis Saunders

Anne Curtis focuses her practice on the areas of public finance, federal and state taxation, and municipal securities, serving as bond counsel, borrower’s counsel, underwriter’s counsel, or issuer’s counsel in tax-exempt and taxable bond financings.

Photo of Lisa Medina Williams Lisa Medina Williams

Lisa acts on behalf of a wide variety of clients on tax-exempt bond financings, serving as bond, underwriter’s, bank counsel and borrower’s counsel. With experience on all sides of municipal transactions, Lisa brings a holistic perspective to her clients on complex matters. Her…

Lisa acts on behalf of a wide variety of clients on tax-exempt bond financings, serving as bond, underwriter’s, bank counsel and borrower’s counsel. With experience on all sides of municipal transactions, Lisa brings a holistic perspective to her clients on complex matters. Her practice includes private activity bond and related financings for life care communities, educational institutions (including independent schools and charter schools), colleges and universities, hospitals and healthcare centers and a variety of other nonprofits. She is also experienced in state and local governmental bond financings of all credit types, from state level transportation financings to energy equipment leases.