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Cyber liability from perspective of board members and execs

Discussion in 'Network World' started by RSS, Nov 5, 2015.

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    RSS New Member Member

    Companies are increasingly reliant on digital spaces and the continuing stream of high-profile data breaches means cybersecurity topics – often in the form of cyber liability questions – are now a part of board and senior management discussions instead of only being discussed at the IT level. Security, following “ethical issues,” is the second-leading risk to a company’s brand.

    Although getting hacked has a huge impact on the bottom line, NYSE Governance Services and Vercode found that “the extent of the brand damage caused by breaches is often linked to boards’ level of preparedness. It is therefore a board’s fiduciary duty to ask the right questions to ensure due care has been followed.”

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