As cyber attacks become more and more common corporate boards are coming under increasing fire from shareholders for not doing enough to defend against or mitigate damage resulting from a cyber attack.
Anthony Galban of Chubb Group of Companies has written a very interesting article in Financier Worldwide, regarding the recent federal case shareholders brought against the board of Wyndham Worldwide Corp., which has since been dismissed. Click here for a overview of the Wyndham case and what it means for corporate boards who have suffered a cyber attack.