Do compliance officers need to worry about individual liability regarding data breaches? Yes, said two former federal prosecutors.
Compliance officers have many concerns. They fret about whether their firm’s internal controls are working properly to prevent fraud and other misconduct. They wonder whether their fellow employees, despite regular training and reminders, understand those controls and apply them properly. And they hope they will have the genuine and unqualified support of their firm’s senior management should things go sideways.
