Apple Shareholders Join Push For Cybersecurity Disclosures
Law360, New York (September 25, 2012, 8:46 PM EDT) -- Apple Inc. shareholders demanded Monday that the technology giant tell them more about how it handles privacy and data security threats, a new move that attorneys say puts pressure on companies to shore up their cybersecurity practices as lawmakers and regulators clamp down.
Citing a number of recent cybersecurity and privacy controversies that have drawn the attention of Congress and outside groups like the American Civil Liberties Union, clients of investment firms Trillium Asset Management LLC and Zevin Asset Management LLC unveiled a shareholder proposal pushing Apple to publish a report explaining how its board of directors is overseeing and preparing...
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