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SEC Commissioner: Company Boards Falling Short on Cyber Risks

Even in the face of the known risks posed by cyber attacks, many corporate boards are not taking the proper steps to address cyber-security issues, says a Securities and Exchange Commission official.

By Phil Gusman | Updated on June 17, 2014
Luis A. Aguilar

Even in the face of the known risks posed by cyber attacks, many corporate boards are not taking the proper steps to address cyber-security issues, says a Securities and Exchange Commission official.

Speaking June 10 at the New York Stock Exchange, Luis A. Aguilar, an SEC commissioner since 2008, said, “Given the significant cyber attacks that are occurring with disturbing frequency, and the mounting evidence that companies of all shapes and sizes are increasingly under a constant threat of potentially disastrous cyber attacks, ensuring the adequacy of a company’s cyber-security measures needs to be a critical part of a board of director’s risk-oversight responsibilities.”

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