Market report: data protection and cybersecurity
With a recent rise in ransomware attacks and data breaches against businesses, <em>The In-House Lawyer</em> sat down with Pinsent Masons’ cybersecurity partner David McIlwaine to discuss the most pertinent issues facing GCs in relation to cybersecurity.
What are the biggest challenges facing GCs from a cyber risk perspective right now?
There are two primary risks. It’s quite clear from recent guidance from the Information Commissioner’s Office (ICO) and other organisations that ransomware is prevalent. Therefore, businesses should be preparing their playbook and their response process, so that they have them ready for when any attack might happen. Indications are that the ICO and other regulators are going to be tougher in relation to cyber incidents; whereas before they may have regarded the attacked organisation as a victim, now, because cybercrime is so prevalent, they’re saying that businesses need to be ready. Some recent ICO decisions have not been favourable to victim organisations, so it’s important for GCs to be ready.
