The number of disclosed global data breaches rose by 50 percent last year, according to www.breachlevelindex.com.
Disclosure Guidance Relating to Cybersecurity Risks and Cyber Incidents by the Division of Corporate Finance of the Securities and Exchange Commission – http://www.sec.gov/divisions/corpfin/guidance/cfguidance-topic2.htm.
ECJ Data Privacy Tip
Companies should assign a Board Committee to address cybersecurity. The Board Committee should have the power to retain legal and security experts to advise it and report back to the Board.