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A very informative and balanced read. The full report focuses on the evolving cyber regulatory environment, recent cyber case law and the role U.S federal agencies such as the FTC, SEC and DoJ are adopting for cybersecurity and digital.
It emphases the future of regulatory oversight of cybersecurity and risk management in the board room, and potential for corporate civil and criminal liability and derivative actions.
‘The increasing judicial scrutiny of board oversight of key corporate risks has been paralleled by increasingly exacting scrutiny by enforcement authorities of the effectiveness of corporate compliance programmes in deciding whether and how to prosecute corporate misconduct. These developments underscore the symbiotic relationship between corporate governance and corporate compliance.’ [sic]
I would add further that it is a relationship between legal, compliance, risk, audit and security functions. One regulators expect to be addressed and one we have addressed through a Target Operating Model (TOM) and a program for cyber regulatory compliance.
Ted Dziekanowski
#cybersecurity #cyberriskmanagement #cyberlegal #compliance #theaugustagroup
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