Into The Breach - Managing Cyber Security Threats In The Digital Age

Keywords: cyber security, digital age, data security, class actions, cyber attacks, disclosure, SEC,

In 2012 there were more than 2,600 reported incidents of data breach, more than double the number in the previous year. That figure highlights just how fast the challenge of cyber security is growing, with concomitant exponential growth in the cost of cyber breaches to businesses.

Mayer Brown recently hosted "Into the Breach, Managing Cyber Security Threats in the Digital Age," featuring keynote speakers Richard Clarke, chairman and CEO of Good Harbor Security Risk Management LLC, and Mayer Brown partner Richard Ben-Veniste, whose presentation was titled "Cyber Security Threats—What They Mean for Homeland Security and Economic Growth." Messrs. Clarke and Ben- Veniste described a business community and a nation that—even after some high-profile and costly security breaches—remain ill-prepared to face the scope of the threat. While most of the measures companies