As cyberattacks become more sophisticated, cybersecurity remains a top concern for regulators, consumers, business partners, and investors. Weak security can cause substantial harm to a company and lead to litigation, reputational damage, and hefty fines. Against that background, the EU is introducing stricter regulations that require robust cyber resilience, mandate board oversight on cybersecurity strategy, and hold board members personally liable for weak security practices.
As many of these regulations will take effect in the coming months, companies should consider conducting compliance audits and providing comprehensive training to staff and management regarding their new responsibilities.
Below we outline the key reasons why cybersecurity should be a top priority in boardroom discussions and company forecasts for 2025:
Wilson Sonsini clients that believe they may be experiencing any kind of cybersecurity incident anywhere in the world can contact our experts 24/7 at our incident response hotline, which can be reached at either 32-2-2745777 or 1-650-849-3030.
Wilson Sonsini Goodrich & Rosati routinely advises clients on privacy and cybersecurity issues. For more information about the developments mentioned in this alert or any other advice concerning EU or U.S. cybersecurity regulations, please contact Cédric Burton, Demian Ahn, or Laura Brodahl.
Sonia Mjati and Hattie Watson contributed to the preparation of this Wilson Sonsini Alert.