Board of Directors & C Levels, do You realize your Corporate Fiduciary Responsibility for Data Breaches? Surprisingly, 95% of Companies are not Prepared. The Yahoo & Equifax data breaches have resulted in Director & Officer litigation. Recent derivative lawsuits against corporate officers resulting from large cyber breaches (Target, Equifax, & others).

Similar issues exist with duty of obedience since corporate officers are obliged to comply with all federal & state laws. GDPR, HIPAA & state privacy laws mandatory cybersecurity & data privacy breach notification disclosures. These alone require companies to have measures in place for detection & disclosure of such breaches. https://lnkd.in/eYgyaRG  https://lnkd.in/eYAyEvE

The Georgia Supreme Court sided with Plaintiff’s & said that a complaint merely alleging that an individual’s private information was compromised, creating an “imminent and substantial” risk of identity theft, permitted their lawsuit to proceed. https://lnkd.in/eYgyaRG

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Steve 847-791-7838   www.dpiacomply.com

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