X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Several recent data privacy and security-related incidents continue to illustrate the financial, legal and reputational consequences associated with cybersecurity risk. Companies — both private and public — are beginning to shift cybersecurity and privacy risk management from the IT department to the boardroom. The Security and Exchange Commission’s Commissioner Luis Aguilar encouraged this shift in remarks before the New York Stock Exchange in June 2014, when he called on boards of directors to take a more active and informed approach to managing cyber risk. Multiple forms of guidance — ranging from proposed Office of the Comptroller of the Currency regulations in January to National Institute of Standards and Technology’s voluntary Cybersecurity Framework developed pursuant to President Obama’s Executive Order 13636 – are advocating stricter oversight and management of cybersecurity risk.

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2017 ALM Media Properties, LLC. All Rights Reserved.