Are you considering a cybersecurity assessment? If you heard Venable's presentation, "New Cybersecurity Framework Released: What You Need to Know," you might be.
The Framework places increased emphasis on organizational cybersecurity risk management. NIST states in the Framework that "organizations responsible for Critical Infrastructure need to have a consistent and iterative approach to identifying, assessing, and managing cybersecurity risk." Sectors not considered to be Critical Infrastructure are likely subject to similar expectations. For instance, the SEC has indicated that "risk oversight is a core competence" of the boards of publicly held companies, and there can be little question today that cyber risk is an elemental component of many businesses' risk portfolios.
Please see full alert below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.
Topics: Board of Directors, Cybersecurity, Cybersecurity Framework, Data Protection, NIST
Published In: Energy & Utilities Updates, Finance & Banking Updates, Health Updates, Science, Computers & Technology Updates, Securities Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© Venable LLP | Attorney Advertising