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ARTICLE · 18 OCTOBER 2022

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Resilience Requires A Modern Path To Board-Level Cyber, Privacy And Data Risk Governance

Mayer Brown
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Today's headlines make clear that privacy and cybersecurity have moved beyond IT and legal compliance issues and are now environmental, social, and governance (ESG) benchmarks vitally affecting market caps...

United StatesTechnology
Rajesh De
Rajesh De
Dominique Shelton Leipzig
Dominique Shelton Leipzig
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By the Nasdaq Center for Board Excellence 'Risk & Cyber Oversight' Insights Council: Rajesh De, Chris Hetner, Steve Roycroft, and Dominique Shelton Leipzig

Today's headlines make clear that privacy and cybersecurity have moved beyond IT and legal compliance issues and are now environmental, social, and governance (ESG) benchmarks vitally affecting market caps and shareholder values.

To understand the scope of the issue, it is important to clarify the terminology. At a high level, data privacy concerns the personal information companies collect, use and share, and how they communicate about their practices. Cybersecurity, on the other hand, concerns what companies do to protect personal and business critical data and maintain resilience. Privacy and cybersecurity were largely unregulated until 2018, when the European Union (EU) General Data Protection Regulation went into effect. Presently, there are over 150 countries with data protection laws.

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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