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Daily Dashboard | Don’t Blow Data Protection, CIOs, or You’ll Get Sued Related reading: UK Parliament committee to review EU-UK adequacy agreement

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CIOs and CISOs beware—data mismanagement at your company could land you in hot water, Bloomberg BNA reports, citing Donna Seymour, CIO of the U.S. Office of Personnel Management (OPM) and her inclusion in an OPM lawsuit as precedent for the treatment of CIOs after a breach. “More and more, CIOs and CISOs will be personally accused for their actions, and inactions, prior to and during, cyber-events, and personally named as parties in lawsuits,” the report continues. “It will be argued that the CIO and/or CISO, by dint of their role and purported expertise, assume a fiduciary duty to the shareholders and to those whose information they are supposed to protect, requiring the installation, monitoring and modification/updating of appropriate cybersecurity measures.”
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  • comment Michael • Aug 27, 2015
    This is really just an academic issue as the Directors and Officer coverage will pick up the defense of the CIO/CISO and a combination of coverage and the company will cover any damages. Just like when a police officer does something wrong and sued. Their department (and perhaps union) come to their defense and even If the officer is adjudged as liable, they never pay a dollar out of pocket as all defense costs and damages are covered by their department/government division/tax payer.