Highly publicized data breaches, such as the one that affected Equifax earlier this year, often raise questions about how involved company leaders should become in stopping cybercrime.
Luckily, corporate counsel can enact a few measures that demonstrate a company’s good faith with data security:
• The board of directors should assign an executive to oversee a company’s cybersecurity. This executive should be responsible for giving quarterly updates on cybersecurity measures.
• Executives should identify the different types of data – public, private, confidential – and the corresponding level of protection needed.
• Companies should also train employees on acceptable ways to use and distribute data.
– Patricia Farrell & Michael Monyok, Meyer, Unkovic & Scott