Last month, FTI Consulting’s cybersecurity team, data privacy and communications experts hosted a roundtable dinner of lawyers and senior leaders from across numerous industries in Ireland. The event served as a forum to discuss the most pressing challenges relating to data breaches and cyber attacks with the stakeholders who grapple with these risks every day.
The conversations covered familiar territory—general awareness that cybersecurity risks are rising, worries over being impacted by a large data breach or subjected to a ransomware attack and uncertainty about remaining compliant with an ever-changing patchwork of global privacy laws. Participants also revealed several unexpected trends regarding persistent challenges and how organisations in Ireland are dealing with their data risk. These included:
Cybersecurity risk, data privacy laws and data breach prevention are fluid issues. As threat actors continue to find new ways to exploit sensitive information and regulators continue to add layers to the data protection landscape, organisations will need to be equally nimble. Leaders must elevate their role in cybersecurity and privacy readiness from that of an ‘aware supporter’ to an ‘engaged participant’ that facilitates and upholds meaningful, ongoing cross-stakeholder action. Moreover, with the support of cybersecurity, privacy and crisis communications experts, practising and preparing for the worst-case scenario will be critical to staying ahead of anticipated and unforeseen threats.
The views expressed herein are those of the author(s) and not necessarily the views of FTI Consulting, its management, its subsidiaries, its affiliates, or its other professionals.