Governance Watch Webcast: Data Privacy & Cybersecurity: Even More Risk and Regulation in 2023
April 4, 2023
Event Overview Tab
Cleary Gottlieb partners Jonathan Kolodner and Marcela Robledo participated in the Governance Watch Webcast: Data Privacy & Cybersecurity: Even More Risk and Regulation in 2023.
Cybersecurity has consistently been a top 10 issue for CEOs since 2014 in The Conference Board annual C-Suite Outlook surveys. In the most recent survey of global CEOs, 81% say cyberattacks will increase from the war in Ukraine while only 41% responded their organization is prepared to deal with a major cyber crisis. In another survey of resilience professionals, more than 80% of respondents see cybersecurity/breaches as the top future risk area for organizations in the next three years. While data privacy has been under the spotlight by consumers, a Conference Board survey found one in five consumers has avoided buying a brand over its data practices.
With heightened risk and stakeholder concerns, policymakers are looking closely into the areas of cybersecurity and data privacy, with new SEC disclosure requirements and additional regulations across multiple States and governments.
Panelists discussed the continued increase of risk, regulation, and corporate responses relating to data privacy and cybersecurity including:
- Upcoming regulation.
- The evolving threat landscape and risks.
- Stakeholders’ expectations.
- Organizations’ current strengths and weaknesses.
- What companies should do to provide sustained (and not just episodic) attention to data security and privacy.
- Jonathan Kolodner, Partner, Cleary Gottlieb
- Marcela Robledo, Partner, Cleary Gottlieb
- Paul Washington, Executive Director, Environmental, Social, and Governance Center, The Conference Board (Moderator)
This Governance Watch program was hosted by Cleary and The Conference Board ESG Center.
Learn more here.
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