Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Endpoint

11/6/2017
12:35 PM
Dark Reading
Dark Reading
Products and Releases
50%
50%

Majority of Legal Departments Play Heavy Role in Data Security Risks Response

Survey explores general counsels' views on regulatory risk management and risk assessments to cybersecurity and data analytics.

Successful organizations understand that risk management is not just a compliance exercise but an opportunity to gain a competitive advantage. More than ever, legal departments are playing a significant role in managing risk and monitoring its effectiveness, especially in the critical area of cybersecurity.

Grant Thornton and Corporate Counsel magazine recently surveyed over 190 corporate general counsel to assess their views on the keys to business growth. The topics ranged from regulatory risk management and risk assessments to cybersecurity and data analytics. Below are a sampling of insights from Grant Thornton’s 2017 Corporate General Counsel Survey:

  • 58% of legal departments are highly involved in responding to data security risks; nearly a quarter have primary responsibility for the issue
  • Less than a quarter of counsel are very satisfied with their organizaton’s risk assessment
  • Nearly three-quarters of legal departments cite cyber issues as a top risk.
  • Of those very concerned about data security, only about a third feel adequately prepared


As a result of increasing risk concerns, the role of the corporate general counsel continues to evolve to include new, important areas of focus and responsibilities.  While maintaining a firm handle on the traditional functions of the legal department, the survey reveals that their role is increasingly concerned with regulation and compliance, as well as data privacy and related cybersecurity issues. 

Download Grant Thornton’s 2017 Corporate General Counsel Survey report to gain more insights

Learn more:

 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Cloud Security Threats for 2021
Or Azarzar, CTO & Co-Founder of Lightspin,  12/3/2020
Why Vulnerable Code Is Shipped Knowingly
Chris Eng, Chief Research Officer, Veracode,  11/30/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
Assessing Cybersecurity Risk in Todays Enterprises
Assessing Cybersecurity Risk in Todays Enterprises
COVID-19 has created a new IT paradigm in the enterprise and a new level of cybersecurity risk. This report offers a look at how enterprises are assessing and managing cyber-risk under the new normal.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-27772
PUBLISHED: 2020-12-04
A flaw was found in ImageMagick in coders/bmp.c. An attacker who submits a crafted file that is processed by ImageMagick could trigger undefined behavior in the form of values outside the range of type `unsigned int`. This would most likely lead to an impact to application availability, but could po...
CVE-2020-27773
PUBLISHED: 2020-12-04
A flaw was found in ImageMagick in MagickCore/gem-private.h. An attacker who submits a crafted file that is processed by ImageMagick could trigger undefined behavior in the form of values outside the range of type `unsigned char` or division by zero. This would most likely lead to an impact to appli...
CVE-2020-28950
PUBLISHED: 2020-12-04
The installer of Kaspersky Anti-Ransomware Tool (KART) prior to KART 4.0 Patch C was vulnerable to a DLL hijacking attack that allowed an attacker to elevate privileges during installation process.
CVE-2020-27774
PUBLISHED: 2020-12-04
A flaw was found in ImageMagick in MagickCore/statistic.c. An attacker who submits a crafted file that is processed by ImageMagick could trigger undefined behavior in the form of a too large shift for 64-bit type `ssize_t`. This would most likely lead to an impact to application availability, but co...
CVE-2020-27775
PUBLISHED: 2020-12-04
A flaw was found in ImageMagick in MagickCore/quantum.h. An attacker who submits a crafted file that is processed by ImageMagick could trigger undefined behavior in the form of values outside the range of type unsigned char. This would most likely lead to an impact to application availability, but c...