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Post by account_disabled on Feb 17, 2024 0:21:05 GMT -5
Following the Target Data Breach in 2016, in Which the Personal Information of More Than 10,000 Customers Was Stolen, a Shareholder Lawsuit Alleged That Directors and Senior Managers Failed to Discharge Their Fiduciary Duties and Failed to Maintain Adequate Controls to Ensure the Security of Data. Safety. Ultimately Found at Fault, Both the Company's Ceo and Chief Information Officer Resigned. Case Law is Based on and Generally Adheres to the Business Judgment Rule, Which Sets a High Bar for Plaintiffs to Take Legal Action Against Board Members. Most Common Oman Telemarketing Data Law Countries Have Similar Protection for Directors, Including Canada, the United Kingdom and Australia. Cyberattacks and Future Corporate Breaches. May Pose Additional Challenges to the Business Judgment Rule. The Notion That Directors Are Ill-prepared to Deal With Cybersecurity Risks Has Set Off Alarm Bells in Boardrooms Across the Country and Around the World. Even as Companies Increase Their Security Investments, We Are Still Seeing More and More Severe Cyberattacks. About the Author is Chief Executive Officer and Chairman of the Board.
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