Kerry Berchem Quoted on Cybersecurity, Akin Gump “Top 10” Cited by Arizona Republic
The Arizona Republic, in its article “Cybersecurity, other risks pressure company directors,” quoted Akin Gump corporate practice head Kerry Berchem and extensively cited a recent Akin Gump client alert “Top 10 Topics for Directors in 2015.”
Regarding what the article terms a growing cybersecurity epidemic illustrated in 2014 by more than 3,000 hacked U.S. companies, Berchem said “Technology and cybersecurity are the topics du jour.” That said, she noted that cybersecurity would likely not displace strategic planning as the number one concern for boards in the firm’s annual top 10 because the former is the primary purpose of boards.
On the topic of directors and what they’re expected to know, she added, “Shareholders, the SEC, management—everyone wants the directors to do something. More issues are arising, and more people are paying attention to the issues.”