Headlines about data breaches impacting businesses including national retail chains, restaurants and banks are more common than ever.
In a recent survey by global specialty insurer Argo Group, 63 percent of small and medium-sized enterprises reported suffering at least one cyber incident – such as a data breach, spear-phishing attack, or lost or stolen laptop – during the past 12 months.
Cyberthreats are also having a big impact in the boardroom. You’re seeing shareholders suing directors and officers alleging breach of fiduciary duty or other wrongdoing following a cyberattack. Here’s what they need to do.