glowing blue outline of a lock with security awareness written on its side and collage of bits and bytes (Photo: Shutterstock)

Firms are well-acquainted with the risk of data breach, and the ensuing investigation and litigation, but a report from Hogan Lovells shows that not enough are taking action to prevent a breach. The legal firm encourages companies to create crossfunctional teams that include executives and members of the legal team.

The firm surveyed 550 general counsels, legal team leaders, and executives, including chief information security officers, chief operating officers and chief executive officers. Although 61% say technology is a core part of their growth strategy, almost the same percent — 60% — only take a minor interest in monitoring technology risk, and just 38% of companies say they are at least somewhat confident that their leaders understand all the risks technology poses, the report found.

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