Despite highly publicized data breaches at companies such as Citigroup and Sony, most businesses remain woefully underprepared to deal with cybercrimes and other IT-related risks.
"I don't know a single company that has mapped out all the jurisdictions where it does business, what the cybercrime laws are there, and the proper points of contact" should an incident occur, says Jody Westby, CEO of consultancy Global Cyber Risk.
A recent survey by Carnegie Mellon CyLab found that only a third of Fortune 1000 boards had focused on guarding against the most critical privacy and security risks, which today typically stem from breaches of a company's IT system.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
