We enter now into the mature phase of considering cyber risk. We have seen the costly devastation most recently caused by cyber hacking of movie companies (Sony), retailer credit card records (Target) and health care records (Anthem).

We are deluged with articles and seminars telling companies and their boards how to respond. We are assured that you will be hacked, there is no escape, and it will happen over and over.

A recent program mounted by National Association of Corporate Directors/New England heard law enforcement observe that the FBI is offering a reward for a cyber thief of $3 million – $1 million greater than for the capture of notorious mass-murderer Whitey Bulger.

To read the full text of this article by Duane Morris partner Stephen M. Honig please visit the New England In-House website.