Legal chiefs are increasingly being tasked with maintaining their organizations’ data protection and cybersecurity in the wake of high profile breaches and growing privacy legislation, according to an Association of Corporate Counsel report released Tuesday.
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Dog collars to toasters are connected as part of the Internet of Things (IoT), with experts predicting that by 2020 more than 50% of new businesses will run on the IoT. However, cyber security and privacy are the biggest challenges for IoT, collecting large amounts of personal identifiable information. As soon as some financial benefit from hacking smart devices appears, cyber criminals will find a way to take advantage of it.
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