Wachtell Lipton’s “Cybersecurity Oversight and Defense — A Board and Management Imperative” outlines the key elements of a sound board oversight structure and process with a view toward ensuring that the company has a sound cyber risk mitigation posture. Among other things, the memo acknowledges variations among board/committee structures, as well as forms of board expertise, which may consist of directors with technology experience/expertise, board tutorials, ongoing director education, outside experts, and other resources.
See last week’s report: “Society Members Speak! Cybersecurity Oversight” and additional resources on our Cybersecurity/Data Privacy page.
This post first appeared in the weekly Society Alert!