Cybersecurity Trends for Boards of Directors

The Harvard Law School Forum on Corporate Governance and Financial Regulation 2017-04-29

Posted by Patrick Fitzgerald & William Ridgway, Skadden, Arps, Slate, Meagher & Flom LLP, on Friday, April 28, 2017
Editor's Note: Patrick Fitzgerald is a partner and William Ridgway is counsel at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden publication by Mr. Fitzgerald and Mr. Ridgway.

Cybersecurity has in recent years become an integral component of a board’s role in risk oversight, but directors often find themselves in unfamiliar territory when it comes to formulating policies and oversight processes that address cybersecurity risk. It can be especially challenging for directors to identify upcoming risks and avoid focusing too much on yesterday’s headlines. Prioritizing the following three areas based on impend­ing cyber threats and emerging regulatory developments will help corporate directors stay ahead of the curve.