Inside View
Sunday, November 17, 2019, 00:39
Expansion, the increasing complexity of operations and the growing international reach of CEE businesses has made cybersecurity one of the most pressing concerns for general counsels and boards of directors in this region.
Dóra Petrányi, Partner, CEE Managing Director, Head of TMT, CMS Budapest
The standards for cybersecurity in the European Union are set by the EU’s General Data Protection Regulation (GDPR) and the Network and Information Security (NIS) Directive, which demand state-of-the-art and high-level security solutions, covering technical, organizational and administrative areas.
Cyber Threats: The Biggest Risk for a Company
In partnership with LegalWeek Intelligence, CMS surveyed respondents from across CEE to examine how businesses are responding to cyber threats, levels of risk awareness and planning, and who in each organization is responsible for cybersecurity.
The survey, entitled “Cybersecurity Challenge in Central and Eastern Europe”, revealed that most companies face at least two cybersecurity incidents yearly, with 52% of cyber incidents resulting in litigation. And 67% of respondents reported a significant…
