Recent cyber attacks on major U.S. businesses and government agencies are putting pressure on general counsels to help fortify internal data protocols. Beyond recent attacks against dozens of U.S. corporations and agencies, companies also face the escalating threat of financial liability. Earlier this year, former executives of a major web services provider agreed to pay $29 million to settle assertions they did not live up to their fiduciary duties in safeguarding customer data during cyber attacks between 2013 and 2016. Read the full report.
Category Archives: Cybersecurity
The enactment of more stringent data privacy laws by states and foreign governments is prompting a more unified approach by the federal government, beyond the industry-specific regulations that dictated past approaches. Congressional response follows the European Union’s May 2018 implementation of the General Data Protection Regulation. Read more.