Does Board Oversight of Cybersecurity Mean Directors Must Become Cybersecurity Experts?

Does the board of directors' duty of oversight over their companies' cybersecurity require the individual directors to become experts on cybersecurity? That is a fair question and one that I've seen many people have difficulty understanding. The answer is "no," as explained by Michael Santarcangelo (@catalyst) in his CSO article Why the board needs security leaders [...]

Critical Steps Companies Must Take to Comply with New York’s Cybersecurity Rules – Ethical Boardroom

New York's Cybersecurity Regulations went into effect on March 1, 2017 and their impact could reach farther than you think -- including to small and mid-sized companies that do not do business in New York and are not in the financial services industries. And, they require direct involvement by the Board of Directors. Is your [...]

Improving Your Cybersecurity Plan, Explained by Paul Ferrillo in WSJ

The Wall Street Journal did an interview of my friend, collaborator, prolific author, and the the original Cyber Patriot, Paul Ferrillo to discuss how companies can make their cybersecurity plan better. Here is the full article: Making Your Cybersecurity Plan Better Paul and I are both firm believers in focusing on the basics so that [...]

New York Cybersecurity Regulations Delayed, Being Revised

Photo Credit: Photo Credit: Marco Verch Licensed under Creative Commons Attribution 2.0 (no changes were made to the image) https://creativecommons.org/licenses/by/2.0/deed.en The New York Department of Financial Services has pushed back the effective date of its Cybersecurity Regulations from January 1, 2017 to March 1, 2017. This is to give the NYDFS time to significantly revise the proposed Cybersecurity [...]

Will Home Depot be the one to "get it"?

Home Depot Data Breach Shareholder Derivative Suit Against Directors Fails

Officers and directors of companies that have had data breaches have become targets of litigation through shareholder derivative claims since the consumer class-action claims have had a difficult time making it past the causation of harm threshold. Those officers and directors may now sigh in relief, if only briefly, following a November 30, 2016, ruling by the District Court [...]