Clarkslegal LLP - Solicitors in Reading and London

Legal Updates

Managing Cybersecurity in Your Business

10 May 2016 #Commercial


Clarkslegal, specialist Commercial lawyers in London, Reading and throughout the Thames Valley.

Cyber attacks can lead to all sorts of crises and they don’t just stop at preventing you from getting on with your business. You might just find yourself in breach of your legal obligations.

With that in mind, the issue of cyber risk management should be on your agenda now, and not after a serious attack occurs. You want to be well prepared and be able to assess the potential effects of cyber risks to your business by having in place a comprehensive risk management strategy and response plan.

The steps you’ll need to take to prepare your business and ensure you remain compliant will depend on the type of business you run. However, regardless of your industry, a failure to implement relatively basic precautions (such as failing to vet employees who will have access to sensitive data and systems, storing data longer than necessary thus potentially exposing yourself to cybercriminals, or even not shredding your confidential information) can lead to significant legal breaches on your part.

There are external risks to consider too, for example, when it comes to commercial transactions. Let’s say you’re providing a third party with access to your IT system, you’ll need to ask yourself questions like: What kind of service will they be providing? Will they need physical or remote access to my system and which parts? What will they be doing while on my system? Do I want or need to supervise them? The answers to all of these questions will give you an idea of the areas which should be covered in a commercial contract with that third party and any other steps you need to take to protect your business as far as possible.

Many businesses are caught out because they rely on the others to adopt the appropriate security measures, policies and procedures. This is your responsibility, so take the time to identify and manage risks and vulnerabilities within your business, your supply chain and when outsourcing to service providers.

For further information about this or any other Commercial matter please contact Clarkslegal's commercial team by email at contact@clarkslegal.com by telephone 020 7539 8000 (London office), 0118 958 5321 (Reading office) or by completing the form on this page.

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Esma  Kilic

Esma Kilic
Senior Solicitor

E: ekilic@clarkslegal.com
T: 0118 953 3986
M: 0776 676 3137

Contact

Commercial team
+44 (0)118 958 5321