Liability

Cyber attacks: Directors' Liability

Cyber Attacks and the liability on Directors and Officers
The risk of a cyber attack is material for the majority of businesses in the financial services industry today.
 
Such attacks are increasingly sophisticated, widespread and disruptive.  
 
The solitary teenager hacking out of a sense of curiosity has been replaced by criminal gangs seeking improper financial gain.  As a consequence, the financial consequences are increasingly significant.