Technology innovations in different areas of business are placing a strain on existing cyber security systems. Many systems are not capable of supporting the added complexity to the ICT system. This can create serious knock-on effects.
Failure by directors and officers to take reasonable steps to prevent, or respond appropriately to, a cyber incident may also give rise to civil proceedings, either by affected individuals or, if it is in the best interests of the company to do so, in the form of a derivative action brought by shareholders.
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