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Three Cybersecurity Lessons from The Newswires Hacking Scam

Cybersecurity

Cyber Security White Paper Shows Companies Are Struggling to Prepare for Cyberbreaches

January 28, 2016

Cybersecurity

Cyber Security White Paper Shows Companies Are Struggling to Prepare for Cyberbreaches

January 28, 2016

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Cyber Security White Paper

Download Fish’s Cyber Security White Paper

In September 2015, ALM Marketing Services and Fish & Richardson conducted an online survey of in-house counsel to gain insight into the current state of U.S. corporate involvement and preparedness for cybersecurity events. The results show that, while the C-suite and board of directors support a culture of security, there is still a lot of work to be done.

Companies that hold any type of valuable information typically receive two key pieces of advice from cybersecurity experts. The first is not to wait for the breach. It is likely that a crisis will hit eventually, so companies should prepare in advance when they are in a calm mode. Most respondents have not fully implemented the best practices above, and will end up scrambling to manage a breach.

cyber-security-graph-1The other piece of advice is to start at the top. Protecting the company from cyberbreaches and privacy invasions requires vigilance at every level. Resources must be allocated and attention must be paid. These requirements will only take place should leadership—and this means the C-suite and board of directors—buy in.

 

cyber-security-graph-2

 

The good news is that, for the most part, they have. More than two-thirds of respondents claim that the level of instilled culture of security is either very high company-wide (22%) or at least high across the most affected departments (47%).

As further evidence, 79% of respondents agree that their company has strong support across senior management for robust cybersecurity/data privacy policies and 72% believe that their boards are increasingly engaged in cybersecurity preparedness and risk mitigation.

 

Click here to download the full cyber security whitepaper, including specific steps that general counsel should consider to close the preparedness gap.

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