Globally, 65% of board members feel that their organization is at risk of a material cyber attack in the next 12 months. However, 47% also say that their company is unprepared for this eventuality.
Trend has begun to emerge for cybersecurity incident-related shareholder derivative lawsuits – attorneys are increasingly now filing claims specifically based on failures surrounding duty of oversight.
Litigation against corporate board members and C-level executives for data privacy and security claims is on the rise. Recently, plaintiffs have targeted corporate board members and C-level executives alleging that their data privacy–related claims result from a breach of fiduciary duties.
