How to Handle Rising Expectations for Board Cyber Education and Involvement

Cybercrime is a risk management issue that affects the entire organization and requires board oversight. Although directors know that they need to stay informed about cybersecurity, keeping up with it in the complex, rapidly evolving world of IT is often a challenge. In response to expectations from shareholders and regulators, boards are becoming more informed and engaged in their company’s cybersecurity risks and efforts. At a recent PLI panel, moderator Amy Leder, a partner at Holland & Knight, was joined by Austin Berglas, global head, cyber forensics and incident response at BlueVoyant; Joel Rubinstein, a partner at Winston & Strawn; and Nancy Saltzman, chief compliance officer at EXL. Among other topics, panelists discussed the board’s role in overseeing cybersecurity risk and key questions directors should be asking management and portfolio companies. See also “Dynamic Regulations and Shareholder Actions Guide the Board’s Shifting Role in Cyber (Part One of Two)” (Jan. 31, 2018); Part Two (Feb. 14, 2018).

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