How will UK company directors respond to the news that the UK government is considering holding directors personally liable for data data breaches? Most likely they will turn to cyber insurance providers, however the industry is not ready to respond in kind. Perhaps this is a sign that the UK government is beginning to wake up to the serious risks that will impact the UK economy and society at large.
The UK's Information Commissioner has given recommendations to a House of Commons Committee detailing why (amongst other things), company directors should be held personally accountable for breach of data protection laws. Much is going to change under the GDPR - but are companies ready for it? The UK's Information Commissioner, Elizabeth Denham, recently recommended at a Parliamentary meeting to discuss the draft Digital Economy Bill, that the government should hold company directors with personal liability and accountability for data breaches.