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The reality is that some enterprises are very popular targets for cybersecurity attacks. This is because they often hold a ‘goldmine’ of sensitive information, while also being less equipped to protect themselves from these threats.
Whilst courts will take into account the fact that these enterprises might not have the resources that larger companies have to spend on cybersecurity, directors and other governing body members of enterprises are not absolved of liability. In fact, directors’ duties have broadened to include responsibility over managing these new risks and to include having policies in place that deal with
The Benefits of LinkedIn
cybersecurity. This article will address how to deal with these extended duties in relation to cybersecurity. These duties apply to all enterprises regardless of structure but, for ease of reading, in this article we refer to duties of company directors.
Australian Red Cross Blood Service Data Breach
On 5 September 2016, a database file containing information relating to approximately 550,000 prospective blood donors was inadvertently saved to a publicly accessible portion of a web server managed by a third party provider. Some of the information was particularly sensitive as it related to the sexual
Cybersecurity – Is This a New Directors’ Duty?
When organisations hear about cybersecurity issues and big data breaches in large international companies such as Facebook and Target, they often make the mistake of assuming that issues surrounding cybersecurity will not apply to them.