CORPORATE CYBER SECURITY AND THE LAW: TRENDS TO LOOK OUT FOR IN 2020

Corporate Cyber Security Law Trends 2020

CYBERSECURITY AND DIRECTORS’ DUTIES

THE IOT (INTERNET OF THINGS) CHALLENGE

SHIFTING ATTACK VECTORS & CYBER HYGIENE GROWTH

  • an organisation failed to implement the necessary security and safeguards pursuant to regulations and statutes;
  • an organisation failed to mitigate or remedy the damage of the breach; and
  • an organisation fails to notify affected individuals and regulatory of breach notification pursuant to the relevant legislation (i.e. as of 23 February 2018, any breach considered to be ‘eligible data breach’ must be reported to the Office of the Australian Information Commissioner and any potentially affected individuals).
  • claims and class actions by those affected by the breach, including shareholders;
  • regulatory investigations and penalties; and
  • increase of insurance premiums.

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Aiden Dallas

Aiden Dallas

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As a freelance copywriter I love the flexibility of working anywhere across the globe and all the opportunities that come with it.