Cyber risk is increasing . . . and this time it’s personal for directors and CISOs
07/05/2024
In 2023, new US rules around the disclosure of data breaches heaped more pressure on companies’ security staff — in particular, chief information security officers (CISOs) — just as agencies and courts were signalling that individuals could be held liable for incidents.
Last year, for example, Uber’s former chief security officer, Joe Sullivan, was sentenced by US authorities to three years’ probation and fined $50,000 for covering up a data breach from 2016. He had been notified by hackers of a security flaw that exposed the personal information of nearly 60mn drivers and passengers on the ride-hailing platform. It was the first criminal prosecution of a company executive over the handling of a data breach.
Then, just a few months later, the US Securities and Exchange Commission charged SolarWinds’ CISO, Timothy Brown, for fraud and internal control failures, after the IT company was breached by Russian hackers as part of an espionage campaign. The regulator accused both the company and Brown of misleading investors by not disclosing “known risks” and not accurately representing its cyber security measure
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.