The Evening Standard

Calls for Chief Execs to be Held Responsible for Cyberattacks

June 8, 2020

Chief executives should be held personally responsible for cyberattacks, and users believing they should also be compensated for such breaches, new research suggests.

 

A survey by data protection firm Veritas Technologies found that more than a third (35%) of UK consumers would see a business leader as personally responsible if a cyber breach of that business occurs.

 

The research also suggests that people quickly lose patience with firms who fail to prevent cyberattacks, with 41% saying they would stop buying from a company that had been the victim of a ransomware attack.

The Government has proposed stricter punishment for tech firm chief executives who fail to protect users as part of its Online Harms legislation, final proposals for which are due to be released later this year.

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