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Corporate Counsel-Fish & Richardson Survey Shows Companies Struggling to Prepare for Cyberbreaches

January 28, 2016

Corporate Counsel-Fish & Richardson Survey Shows Companies 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.

Conclusion: Action needed to leverage management support

Despite the fact that there seems to be a large gap between management buy-in and actual company-wide action, most survey respondents are confident, on average, in rating their companies’ preparedness at 66 out of 100. Yet, considering the other responses on the survey, a deeper review internally may show that they are not as prepared as they think.

cyber-security-graph-3Data breaches are on the rise and can cause significant harm including interrupted business, regulatory penalties, class action lawsuits and intellectual property theft. Although cybersecurity preparedness can seem overwhelming, it can be tackled through a methodical step-by-step approach—and it should not be delayed.

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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