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Survey: Data Security Tops Firms’ Concerns

DATA PROTECTION—U.S.

August 16, 2012

A new report has found that, “for the first time, data security was earmarked by the largest percentage of responding directors—48 percent—and general counsel—55 percent—as an issue of concern,” Out-Law.com reports. The Corporate Board Member (CBM) and FTI Consulting report surveyed 11,000 public company directors and nearly 2,000 general counsels in U.S.-based firms. One-third of the lawyers said their companies were “not effective at managing cyber risk,” while almost half of the directors said their companies had no formal response plan in place. CBM’s president said the discrepancy between the two is a “cause for concern.” Editor’s Note: The IAPP will host the preconference workshop, The DIYer’s Guide to Building Consensus Among Stakeholders After a Data Breach, at this year’s Privacy Academy in San Jose, CA.
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