NU Online News Service, March 16, 10:34 a.m. EDT
Company directors do not realize the full threat of their cyber-liability exposure, and they must be more aware of the legal hazards they face or risk litigation from investors and regulators, says an insurance broker.
Speaking at the Advisen Cyber Liability Insights Conference hosted by Willis in London on Tuesday, Francis Kean, Willis Group Holdings executive director in the firm's FINEX Global Unit, warned that boards must understand how exposed their companies are to the digital-threat environment following recent Securities and Exchange Commission guidance on disclosure of cyber-attacks.
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