Escalating Cyber Attacks Widen GC Responsibilities

Recent cyber attacks on major U.S. businesses and government agencies are putting pressure on general counsels to help fortify internal data protocols.

“General counsels must play an active role in supporting senior management and the board of directors in establishing a comprehensive enterprise risk management program, particularly as it relates to addressing legal compliance risks,” said Marjorie Loeb, a member of Mayer Brown’s corporate and securities practice.

Cross-border breaches, including ransomware attacks, speak to these risks. “General counsels play an essential role in ensuring the establishment and maintenance of applicable legal privileges across jurisdictions,” said David Simon, a member of ...