Share these talks and lectures with your colleagues
Invite colleaguesPractice paper
Directors’ liability survey: Cyber attacks and data loss — a growing concern
Journal of Data Protection & Privacy,
1
(2),
173-182
(2017)
Abstract
The Allen & Overy LLP and Willis Towers Watson’s 2016 survey on directors’ liabilities found that directors consider cyber attacks and data loss to be two of the top three biggest concerns facing them and their company. This paper explores the results of the survey as well as recent developments in these areas, providing insight into the steps that lawmakers and policymakers in Europe have taken in recent times in response to cyber attacks and data loss. The paper identifies the increased pressure on directors to be on top of their obligations as a result of the changes in the regulatory and legal landscape in order to discharge their duties and mitigate the risk of personal liability. The paper also briefly touches on the impact that Brexit may have on European legislation.
Keywords: director’s liability; data protection; cyber
The full article is available to subscribers to the journal.
Author's Biography
Joanna Page heads Allen & Overy LLP’s contentious insurance practice which is rated Tier 1 by Chambers and Legal 500. Joanna has advised on many different types of commercial insurance issues and represented clients in all different courts and arbitral institutions, including International Court of Arbitration – International Chamber of Commerce (ICC), London Court of International Arbitration (LCIA) and others. Her extensive insurance experience is typically for non-UK insureds or reinsureds. Her most recent cases have involved directors and officers, business interruption, product liability, civil liability, crime, catastrophe financial and political risk cover and forms of alternative risk transfer schemes.
Madison Kaur is a corporate insurance specialist at Allen & Overy LLP, with experience of a range of transactions and corporate advisory matters in the insurance sector, including public and private mergers and acquisitions, insurance business transfer schemes and insurance policy reviews (including warranty and indemnity insurance, directors and officers insurance and credit risk insurance).
Emma Waters is a corporate insurance specialist at Allen & Overy LLP, with transactional and advisory experience in the insurance sector, including reinsurance agreements, Part VII transfers and insurance policy reviews (including warranty and indemnity insurance and directors and officers insurance).
