Skip to main content

CEOs could soon be personally liable for cyberattacks

posted onSeptember 1, 2020
by l33tdawg
IT Pro
Credit: IT Pro

Within four years, the majority of CEOs will be held personally responsible for cyberattacks that lead to injury and other physical damage.

This is according to a new report from Gartner, which asserts that liability for cyber-physical security incidents will “pierce the corporate veil to personal liability” for 75 percent of CEOs by 2024. Cyber-physical systems (CPS) are described as digital systems that interact with the physical world, such as IoT devices or operational technologies (OT).

“Regulators and governments will react promptly to an increase in serious incidents resulting from failure to secure CPSs, drastically increasing rules and regulations governing them,” said Katell Thielemann, Research Vice President at Gartner. “In the US, the FBI, NSA and Cybersecurity and Infrastructure Security Agency (CISA) have already increased the frequency and details provided around threats to critical infrastructure-related systems, most of which are owned by private industry. Soon, CEOs won’t be able to plead ignorance or retreat behind insurance policies.”

Source

Tags

Industry News

You May Also Like

Recent News

Friday, November 8th

Friday, November 1st

Tuesday, July 9th

Wednesday, July 3rd

Friday, June 28th

Thursday, June 27th

Thursday, June 13th

Wednesday, June 12th

Tuesday, June 11th

Friday, June 7th