SEC Commissioner Robert Jackson Jr. said this week at a conference cyber security is the number one issue boards must get a handle on right now. He specifically called for a change to 8K disclosures.
Boardroom directors and officers should become familiar with their obligations under updated SEC guidance on data breach disclosures.
In 2017, high-profile data breaches continued to create major legal issues for some of the country’s largest corporations. In part one of a two-part article, a pair of securities and shareholder litigation lawyers look at what this may mean for officers and directors in terms of liability.
Barbara Berlin, a director at PwC’s Governance Insights Center, discusses the impact of what PwC calls the “Essential Eight Technologies” and how boards should be responding.
Most boards are cognizant of market, competitive and management risks, but very few boards see cybersecurity as an area in which they need to exercise oversight.