Dive Summary:
- Senator Jay Rockefeller, Chairman of the U.S. Senate Committee on Commerce, Science, and Transportation, sent out a letter in September to Fortune 500 CEOs, asking about cybersecurity strategies that are currently in place.
- AOL Energy compiled opinions from lawyers regarding the kind of advice CEOs are getting.
- The experts recommend careful and thorough responses, they also recommend double-checking responses against existing regulatory disclosures and considering potential ramifications in the future, should disclosures they make be used in litigation.
From the article:
"... So what advice are Fortune 500 companies getting? Unsurprisingly (in our growing pile of alerts), the key message is to be mindful of the many contexts (e.g. SEC reporting, litigation, confidentiality provisions, politics, etc.) in which responses may ultimately be considered and the significant risk that those responses will somehow/somewhere/someday be used against the responding companies; i.e. tread VERY carefully. ..."
