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A great report from the Harvard Law School, after the release by the SEC of charges against SolarWinds following its 2020 data breach. Highlighting the lessons company should learn that include the SECs prioritization of Cybersecurity enforcement; Accurate Disclosure; Individual Executives Should Be Cognizant of Their Responsibilities and Mind Your Internal Controls. All very valid and important points of consideration for the boards of covered entities, as the December compliance deadline nears. Olaf Classen considerations that are also important for compliance to EU NIS 2 and DORA.
What is a clear is that corporate focus should be on corporate governance; oversight, assurance and attestation of material cyber risks and incidents; demonstrating the adequate management of cyber risks; having a clear understanding of materiality, adequacy and the role of a reasonable investor; Demonstrating an articulated, adequate and managed cybersecurity risk management compliance program.
Aspects one covers in thought leadership on the website www.augustagrp.com. All aspects that we cover in our board leadership and executive cybersecurity risk management program.
Ted Dziekanowski Brian D. McCarthy Rich Waite, M.Ed. George Sawyer
#cybersecurity #cyberriskmanagement #securitiesandexchangecommission
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