After years of being thought of as a mere annoyance, data security is finally getting some attention in board rooms of the world's largest companies. According to the 12th annual Law and the Boardroom Study by Corporate Board Member and FTI Consulting, data security is the number one legal concern. The study shows 48% of corporate directors and 55% of general counsel rate data security as their biggest area of risk and concern. This is double the rate from 2008.
While it is easy to say something is your top fear or concern, it's not always as easy to address it. Will corporate cultures change? Will funding magically appear to address the issues at hand? Will shareholders tolerate a hit on profits in order to reduce risk? Only time will tell. At least the conversations will be getting more time on the agenda and the people who can actually make a difference will be listening. It's a start.