Thursday, December 4, 2014

Espionage Conference: Beat Security into CEOs with a Stick

CEOs and business leaders often ignore cyber intrusions or even cover them up, allege IT experts who attended an espionage conference near Ottawa this week.

But those actions leave publicly listed companies and their corporate boards exposed to massive legal liabilities when cyber attacks leak customer info or damage the company’s competitive value...

...compel company executives and corporate boards to fix security holes, says Errol Mendes, a law professor at the University of Ottawa, who also spoke at the espionage conference.

“Tell them about the potential legal liability,” he said. “Use the legal stick.” (more)