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A great Sunday read. As more US States move to sign into law cybersecurity standards and frameworks to protect their companies from cyber attacks.Last week Nebraska Governor Jim Pillen signed Legislative Bill 241 into law. Introducing limitations on class action liability for private entities regarding cybersecurity events.These laws play a significant role in safeguarding businesses and fostering a cybersecurity-resilient environment. The Nebraska Bill follows other states such as Ohio, Utah and Tennessee, that have enacted similar Cyber Liability Shield Laws (safe harbour). With some states aiming to shield businesses from class action suits, if they can demonstrate compliance with cybersecurity risk management frameworks and standards.https://lnkd.in/eETQibfC’If companies implement and maintain reasonable and appropriate cybersecurity measures, they will be protected against class action lawsuits’These laws are defining cybersecurity risk management compliance requirements in order to be protected from class action suits. The only questions that one has is ‘what is reasonable and adequate compliance’, and ‘what does this mean for board governance’ Brian D. McCarthy @Thaddeus Dziekanowski Faisal Khan Rachel V. Rose, JD, MBA Veritas GRC #CyberSecurity #DataProtection #Compliance #BusinessProtection
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