From: Lexology
Robert P. Silvers and Sherrese M. Smith | Paul Hastings LLP
The growing profile and cost of cyberattacks have put this issue at the top of the corporate agenda, and highlight the potential threat to the data-fueled architecture of today’s global business environment. The dynamic nature of cybersecurity threats, their pervasiveness, and the frequency of attacks can provoke feelings of helplessness. Nothing could be further from the truth and a leadership mindset that there is nothing to be done is the biggest danger of all.
Tackling cyber risk involves both assessment and action. It is essential to prioritize a company’s risks. The starting point is identifying the worst-case scenarios and highest risks—the operational disruption or compromise of sensitive data that would be most painful for the company—and make that the prime focus for risk management and remediation.
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