GCs take expanded cybersecurity brief as companies put onus on legal heads to tackle tech threat
New research shows almost half of senior in-lawyers have taken on new responsibility for cyber threats
October 31, 2017 at 08:20 AM
2 minute read
Nearly 50% of general counsel say their role has expanded to incorporate planning for cybersecurity incidents and responding to such attacks, according to a new Legal Week Intelligence report.
The report, produced in association with Kroll, surveyed 138 GCs, legal directors and c-suite executives around the world to gauge their views on how corporates are responding to cybersecurity threats, comparing and contrasting current practices in Europe, Latin America, Middle East, North America, Southeast Asia, Sub-Saharan Africa and China.
The responses to the survey show that in many cases, the role of GCs has grown in relation to cyber risk. Forty-five percent of respondents said their role had expanded in the area of planning for a cyber incident, with 43% saying that their responsibilities had grown with regards to responding to such an event.
Although cybersecurity is increasingly falling under the remit of many GCs, one problem is frequently arising: how much senior in-house lawyers really understand the technology. "If you drew a Venn diagram of lawyers and those with a profound understanding of IT and communication networks, there's probably a pretty thin overlap," says BAE Systems group GC Philip Bramwell.
Bramwell adds: "Cybersecurity is not a risk that should stay within the expert IT community within an enterprise, because it will not to get allocated sufficient resource and attention. Pretty much all large enterprises will be subject to routine attacks, and one will get through sooner or later. GCs had better have a plan in place for an incident response."
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllEx-Spies Reveal How Cybercriminals Exploit Law Firms’ Holiday Vulnerabilities
5 minute readUN Treaty Enacting Cybercrime Standards Is Likely to Face Headwinds in US, Other Countries
German Court Finds Facebook Must Pay Users for Data Breach, But Less Than Expected
Trending Stories
- 1GE Agrees to $362.5M Deal to End Shareholder Claims Over Power, Insurance Risks
- 2As Political Extremism Rises, is Voter Data the Next Privacy Frontier?
- 3So You Want to be a Tech Lawyer? Consider Product Counseling
- 4US District Judge in North Carolina Will Take Senior Status
- 5From 'Confusing Labyrinth' to Speeding 'Roller Coaster': Uncertainty Reigns in Title IX as Litigators Await Second Trump Admin
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250