Cybersecurity touches every aspect of consumer and corporate culture today. Preventing, preparing for and responding to data breaches in real time is a chief concern for individuals, corporate leaders and government regulators. Download the 2015 ACC Foundation: the State of Cybersecurity Report, underwritten by Ballard Spahr LLP, and learn what more than 1,000 corporate counsel say about their cybersecurity experiences, role and practices. The full report includes industry and regional trends, common preventative tactics, lessons learned from those who experienced a breach (including how the breach occurred and who was affected), the impact of regulatory requirements, insurance decision making and coverage information, and managing risk through outside support such as forensic and outside counsel retainers and more.
Key findings include current cybersecurity practices, prevention, protection and response at more than 800 companies across 30 countries.
Today’s general counsel (GC), and chief legal officers (CLOs), who are increasingly called on to guide their organizations and aid with thwarting such attacks, play a significant role in implementing best practices and regulations to prevent cybercriminals from acquiring protected information. Knowing common practices, what works and what your peers are doing is key in benchmarking and planning to protect your company from risk. Straddling business, IT and legal, today’s GCs/CLOs are uniquely positioned to engage the multiple stakeholders that a robust data protection regime requires.
TOP CONCERNS OF CLOs: Reputation, loss of information and regulatory are primary concerns.
DATA BREACHES ARE A REALITY FOR ONE IN THREE: 31 percent say their current or former company was hit by a data breach.
CLOs IN THE HEALTHCARE INDUSTRY MOST LIKELY TO EXPERIENCE DATA BREACH: Over half in the healthcare and social assistance industry say they have experienced a breach at their current or former employer compared with 31 percent of corporate counsel across all industries.
CYBERSECURITY INSURANCE IS BECOMING MORE COMMON: 52 percent say their company has cybersecurity insurance. Learn more about intentions to expand or purchase plans for the coming year, growth in the amount of coverage and more.
The information in any resource collected in this virtual library should not be construed as legal advice or legal opinion on specific facts and should not be considered representative of the views of its authors, its sponsors, and/or ACC. These resources are not intended as a definitive statement on the subject addressed. Rather, they are intended to serve as a tool providing practical advice and references for the busy in-house practitioner and other readers.
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