Data breach liabilities of company directors
Steve Wright and
Ezgi Pilavci
Additional contact information
Steve Wright: Privacy Culture, UK
Ezgi Pilavci: Boston Consulting Group (BCG), UK
Journal of Data Protection & Privacy, 2021, vol. 4, issue 3, 283-293
Abstract:
This paper shows that data protection falls under the fiduciary duties of board members, albeit they may not be expected to take an active part in the implementation phase; they must assure that employees are equipped with data protection and security awareness and their roles are allocated properly. It discusses how companies need to know how compliance management can be ‘reasonable, adequate, appropriate’ in practice. The first step is to know the needs of the organisation and address the risks. A simple oversight can cause material benefits, and therefore, data protection and privacy must be treated as a corporate governance issue.
Keywords: data breach; security; directors’ liability; data protection; corporate governance (search for similar items in EconPapers)
JEL-codes: K2 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jdpp00:y:2021:v:4:i:3:p:283-293
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