Every company should expect that at some point it will experience a data breach. Whether as a result of hackers, disgruntled employees, or careless acts such as losing an unencrypted phone or laptop, data breaches may subject companies to liability and must be handled with speed and great care. What are the responsibilities of directors in preventing and addressing data breaches?
Without a doubt, directors must be generally aware of the data security risks facing the company and ensure that the company is prepared to manage those risks appropriately and has an incident response plan for a data breach.… More