FTCNow, more than ever, corporate boards must ensure their cybersecurity measures are up to par, funded, and properly implemented to avoid the FTC’s wrath. Corporate boards need to be cognizant of both ensuring that their cybersecurity measures are consistent with best practices and with nationally and internationally recognized data security standards — and that those cybersecurity measures can actually be met through commitment of sufficient resources. Otherwise, the Federal Trade Commission may find fertile ground to scrutinize the company, and
Continue Reading Corporate Boards Beware: The FTC is Watching

What Can Boards Do?

This is the last in a three-part series on the implications of cybersecurity threats on boards of directors. cyber_temp

Board oversight should include a comprehensive plan to respond to a cyber incident or data breach, with senior management fully trained with respect to such plan.  Moreover, the plan should be continually updated, fully rehearsed and stress tested, so that responding to an incident or breach is virtually instinctive, and responding to a cyber incident is not being

Continue Reading Corporate Boards: The Challenges and Risks of Maneuvering Through Cybersecurity

The Litigation Risk103_1southern_wine_sampsel_preston

This is the second of a three-part series on the implications of cybersecurity threats on boards of directors.

The diversion of resources arising out of cybersecurity threats includes, among other things, litigation. A couple of recent examples of litigation filed against corporate boards are instructive.

On January 29, 2014, the second of at least two lawsuits was commenced against Target arising out of a data breach, pursuant to which many thousands of Target customers’ credit card information

Continue Reading Corporate Boards: The Challenges and Risks of Maneuvering Through Cybersecurity

This is the first of a three-part series on the implications of cybersecurity threats on boards of directors. 

Now, more than ever, corporate boards face an immense challenge to ensure that their companies are prepared for cybersecurity threats before they occur.  It is not question of if a corporation will be hit by a cybersecurity incident or data breach, but when.

The Existing Cybersecurity Landscape and Associated Risks  

The landscape that corporate boards face has never been more treacherous, with

Continue Reading Corporate Boards: The Challenges and Risks of Maneuvering Through Cybersecurity