Cybersecurity continues to be headline-grabbing news, particularly following recent reports of high-profile cyber attacks on a number of major well-known corporations. Conscious of their fiduciary duties, boardrooms of global companies are paying increased attention to cybersecurity, which now ranks as a global risk preoccupying the minds of captains of industry, heads of state, academics, and law enforcement, who all gathered in January this year at the World Economic Forum (WEF) in Davos to debate the best policy and legislative strategy for cybersecurity. To coincide with Davos 2016, the WEF issued a report that warns that failing to improve cybersecurity could cost the global economy USD3 trillion.