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Cybersecurity After WannaCry
Businesses and individuals are bombarded daily with information about new cybersecurity threats and data privacy risks; the deluge of recommended actions and products to reduce vulnerability to those dangers and mitigate cyber event losses can be overwhelming. However, following the May 2017 WannaCry ransomware infiltration into over 10,000 organizations and individuals in over 150 countries, it is clear that businesses across industries have no choice but to spend time and resources digesting and culling through this information barrage. WannaCry victims included companies with highly sensitive information, including banks, telecommunications companies and even healthcare providers like the National Health Service in the UK.
With in-house counsel at the helm, corporate boards, senior management and information services departments must keep up-to-date on cybersecurity regulatory standards and recommendations. In addition to the expansive cybersecurity guidelines published by the National Institute of Standards and Technology (NIST), important industry-specific guidance or requirements are frequently published by numerous acronym agencies and organizations, including the SEC, CFPB, FTC, FCC, FDA and more.
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