Bombardier suffered a cybersecurity breach where an authorized party got a hold of data by exploiting a third party application. The investigation started right away once the breach was detected. The company says confidential information has been comprised of employees, customers, and suppliers. 130 employees’ information in Costa Rica was impacted.
With the increasing number and sophistication of cybersecurity attacks on corporate groups, Bombardier says it remains committed to maintaining the integrity of its IT infrastructure and safeguarding employee, client and supplier information.
According to a survey by the Association of Corporate Counsel (ACC), cybersecurity has overtaken compliance as the top issue businesses face ranked by the legal officers. Cybersecurity is becoming increasingly important for in-house legal departments within organizations.
As people continue working from home for the foreseeable future, CLOs are increasingly being asked to assume responsibility for their company’s cybersecurity efforts. This is presenting a new challenge for many in-house legal teams, and one that is helping to redefine their day-to-day corporate roles.”
Cybersecurity and digital forensics go hand in hand, however, digital forensics typically takes care of the aftermath of an attack and investigates what happened. The problem is, not all attacks are detectable. For example, the recent attack on SolarWinds showed the attack started months prior to it being visible. To prevent such an event from happening, companies should implement digital forensics tests frequently.