Boards need to oversee cybersecurity risk says SEC official

SEC Commissioner Luis Aguilar said board oversight is needed to address cybersecurity

SEC Commissioner Luis Aguilar

The job for corporate board directors has significantly expanded since the financial crisis six years ago—and it’s about to get bigger. Following recent large-scale data breaches, a Securities and Exchange Commission (SEC) official has called for corporate boards to oversee cybersecurity risk.

Speaking at an event at the New York Stock Exchange on June 10, SEC Commissioner Luis Aguilar said board oversight is needed to address cybersecurity, which is now a critical component of risk management.

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Erin E. Harrison

Erin E. Harrison is the Editor in Chief of InsideCounsel magazine. Harrison’s professional background includes extensive expertise in both print and online media, highlighted by...

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