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SHARESHARESHARE
IN 2015, WE WILL BE TALKING ABOUT CYBER SECURITY A LOT MORE': CYBER RISK MOVING UP THE IN-HOUSE AGENDA
General counsel (GC) are increasingly involved in handling cyber security issues at board level, reflecting a more comprehensive shift towards effective risk management, research from Legal Business and PwC has revealed.In a survey of corporate attitudes to cyber security risk this autumn, which garnered more than 800 responses from a broad mix of senior corporate managers, owners, legal and IT, nearly half (46%) of all GC respondents said they had delivered advice to the board on cyber and data security matters in the last year. Thirty five percent of GC respondents said this occurs on a quarterly basis.Sixty five percent of respondents have an incident response plan for cyber attacks, of which 40% require legal to be involved at an early stage. Meanwhile, 68% of the GCs responding said that the legal department has assessed the extent to which the security of business operations is reliant on the services and operations provided by third parties. MARK MCATEER READ MORE