Global cyber attack: boardroom wakeup call cybersecurity breaches: blame directors and officers.

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The global cyber attack should be a boardroom wakeup call. When cybersecurity breaches occur fingers are increasingly being pointed toward the board of directors and top management.

In its new cybersecurity regulation, New York State's powerful Department of Financial Services squarely put responsibility for cybersecurity on the shoulders of directors and senior officers, requiring them to approve a mandatory cybersecurity policy and certify regulatory compliance.

And earlier this year, Yahoo revealed its general counsel resigned following an internal investigation that concluded that its recent data breach "was not properly...