Hearing from the General Counsel: Cybersecurity and Data Privacy
The growing threat of cybercrime has motivated lawmakers to consider how to pass fair laws for both individuals and corporations. The prevalence of cybercrime and the emergence of new laws are forcing boards and their general counsels to work closely together with the Chief Information Security Officer (CISO) to make decisions about how to. best protect the company against cyberattacks, respond to data breaches and other types of attacks, and remain in compliance with applicable data protection laws within their own regions and around the world.
Some of the risks that companies are counting on their general counsels to help address are the loss of key data, legal penalties, regulatory penalties and issues related to the company’s reputation.