Directors and Officers: Be Wary of Growing Cyber Responsibilities
As businesses increasingly rely on the Internet, Directors & Officers (D&Os) risk a corresponding increase in cyber exposure. This trend has accelerated over the last couple of years as related statutes and regulations have begun to take hold. It is critical that D&Os be aware of the informal and formal standards that are being set regarding appropriate company cyber risk management.
In this article, Wilson Elser partner Jonathan Meer dissects the various risks posed by cyber exposure and notes the importance of implementing written policies and procedures and ensuring appropriate training. Being aware of the changing standards of care and rules and regulations is an essential first step for D&Os in their challenge to serve the best interests of their respective companies.