The lessons that general counsel can learn from the Yahoo data breach just keep coming. A month ago I published 5 Key Takeaways from Verizon’s GC on Lessons Learned from Yahoo Deal and recently I read Yahoo’s Warning to GCs: Your Job Description Just Expanded (Big-Time), which I found to be excellent.
Here are 3 key cybersecurity takeaways that general counsel should learn that are described more in that article. The explanation in the article is very good and the author provides actionable recommendations — I encourage you to read the entire article:
- The general counsel has emerged as the most logical and effective quarterback of data breach response.
- Yahoo’s actions not only signal the evolution of a new standard of care for general counsel when it comes to cybersecurity but also signal a vast expansion of general counsel oversight.
- Cybersecurity presents every bit, if not more risk than financial reporting failure, and should receive the same level of oversight and audit.
Shawn Tuma (@shawnetuma) is a business lawyer with an internationally recognized reputation in cybersecurity, computer fraud, and data privacy law. He is a Cybersecurity & Data Privacy Partner at Scheef & Stone, LLP, a full-service commercial law firm in Texas that represents businesses of all sizes throughout the United States and, through its Mackrell International network, around the world.