Cyber attacks: The directors’ role, responsibility and liability
Cyber Security and data breaches are becoming a nightmare for business owners as the ‘regulators and prosecutors are becoming more determined to take personal action against directors and senior executives who fail to deal adequately with cyber security breaches’.
The occurrence of cyber attacks is alarming in frequency and scale and its concerning for Directors – WH Smithwas one of the most recently attacked companies in the UK in which company data was accessed illegally, including the personal details of current and former employees, the retailer has revealed.
Given the global nature of regulatory trends and the fact that cyber breaches are increasingly a fact of business life, UK-based directors will be justifiably concerned at the prospect of a potential increase in the risk of personal liability arising from cyber breaches.
However, a closer look at the facts of each of these cases suggests that aggravating factors prompted the authorities to target the individuals concerned.
Join this online event and hear from Cyber Resilence experts from the North East Business Resilience centre.