LawyersWeekly has found that cybersecurity is now one of the top 3 concerns of corporate general counsel. It should probably be the first, given the trend toward finding liability for officers and directors for cybersecurity incidents.
Here are my key takeaways from the LawyersWeekly article:
- General counsel’s responsibilities more frequently include cybersecurity and data protection risk
- Cybersecurity is a top 3 concern among GC, ranking alongside compliance and value for money
- There has been a significant increase in cybersecurity compliance-related work and assistance with privacy complaints
- Larger companies are recognizing the seriousness of cybersecurity risk and putting in place processes and systems to manage it
Full article: GCs raise cybersecurity concerns.