Directors’ liability survey: Cyber attacks and data loss — a growing concern

Joanna Page, Madison Kaur and Emma Waters

Journal of Data Protection & Privacy, 2017, vol. 1, issue 2, 173-182

Abstract: The Allen & Overy LLP and Willis Towers Watson’s 2016 survey on directors’ liabilities found that directors consider cyber attacks and data loss to be two of the top three biggest concerns facing them and their company. This paper explores the results of the survey as well as recent developments in these areas, providing insight into the steps that lawmakers and policymakers in Europe have taken in recent times in response to cyber attacks and data loss. The paper identifies the increased pressure on directors to be on top of their obligations as a result of the changes in the regulatory and legal landscape in order to discharge their duties and mitigate the risk of personal liability. The paper also briefly touches on the impact that Brexit may have on European legislation.

Keywords: director’s liability; data protection; cyber (search for similar items in EconPapers)
JEL-codes: K2 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jdpp00:y:2017:v:1:i:2:p:173-182

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