CIOs should be aware of legal issues that can impact their personal liability. The article highlights five top-of-mind legal issues for CIOs in 2024:
1. Corporate liability insurance has limits, and CIOs may be personally liable if they engage in self-dealing or fail to disclose information.
2. IT is closely linked to intellectual property loss, and CIOs are responsible for protecting sensitive corporate information.
3. Ownership of applications developed by staff can be questioned, and CIOs should ensure that their organization owns the products created using vendor tools.
4. Employee issues can result in litigation if not handled properly, including failing to document employee performance or having improper termination procedures.
5. Company disasters and security breaches are significant risks that CIOs are accountable for, and they must personally engage with CISOs and network administrators to ensure due diligence and care.
The article emphasizes the importance of understanding legal issues for CIOs, as their personal liability is at stake.