Contracts

An organization may have sound rules of governance pertaining to cybersecurity but this is not always the case on the part of the parties it is doing business with. Considering the risks inherent to cyberthreats, contracts are fundamental tools to ensure that the requirements and expectations regarding best practices and cyber hygiene are well defined when dealing with employees and third parties in order to mitigate the risks inherent to data breaches. As a result, clauses pertaining to privacy, cybersecurity and insurability are essential considerations in various settings (employment contracts, service agreements, third-party vendors/supplier agreements, etc.).