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.
See Growing Trend of Officer & Director Liability 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.
