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The Federal Trade Commission (FTC) continues to put emphasis on the importance of corporate board involvement in privacy and data security.
US News
Corporate Boards: Don’t Underestimate Your Role in Data Security Oversight
The Federal Trade Commission (FTC) continues to put emphasis on the importance of corporate board involvement in privacy and data security. It states, “[I]t’s essential for corporate boards to do what they can to ensure that consumer and employee data is protected.” The FTC’s recent statement includes five recommendations for corporate boards: (1) make data security a priority, (2) understand the cybersecurity risks and challenges your company faces, (3) don’t confuse legal compliance with security, (4) it’s more than just prevention – take reasonable precautions, and (5) learn from mistakes. ....

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