Cybersecurity Madness: 3 Things that Really Matter and 3 That Don't

, Corporate Counsel

   | 2 Comments

Here's a road map for corporate legal professionals seeking to cut through the jargon and marketing hype and develop a rational and cost-effective means of managing risks related to data privacy and online security.

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What's being said

  • Warren Cooper, Evergreen Partners

    What Really Matters should include having a Board approved crisis communications plan in place for the CEO to implement when a breach or malware attack is discovered (and certainly when it‘s made public). Most cybersecurity policies include a fund to hire a pr firm to help manage media, etc. and protect/boost the corp brand and reputation post claim. Shameless plug: very few PR firms specialize in crisis communications, reputation management and litigation support. We do.

  • ALongmore

    I found this article pithy and salient, until I got to the 2nd item on the "doesn‘t matter" list (that often cyber policies "either exclude or underinsure coverage of high probability events..."). The process of purchasing cyber coverage typically begins by identifying exposures and then matching these, when possible to available insurance. So, especially as the marketplace evolves, I cannot agree with this proposition.

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