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We've said it before and we'll say it again: cybersecurity should be on the top of any GC's agenda. Not only is cybersecurity one of the main areas C-suite executives want their legal department to master, the costs of losing sensitive data can be massive, resulting in expensive litigation, loss of proprietary information, and reputation damage.

But how do you protect the data that's in the hand of suppliers, contractors, and the like? Don't worry, the federal government has been figuring that out for you.

Dick Costolo, the embattled CEO of Twitter, announced his exit from the company yesterday. Costolo had manned the company for the past five years, but faced increasing criticism as Twitter failed to increase its user base. Twitter co-founder and ex-CEO Jack Dorsey will replace him on an interim basis.

Costolo had long been criticized for failing to realize the full potential of the 140-words-or-less messaging platform, but his departure is still a surprise. Costolo's voluntary exit has lead to speculation as to how Twitter will evolve in his absence, or whether it will simply be sold to another tech company.

In the few weeks since Swiss police arrested seven FIFA executives on fraud, money laundering and racketeering charges, the once-untouchable organization has seen its standing decline drastically. FIFA, the governing body of international soccer, faces allegations that there was "rampant, systemic, and deep-rooted" corruption throughout the organization. As the public watches, high-ranking members are turning on each other to place blame.

Even for in-house counsel who can't tell soccer from synchronized swimming, the FIFA scandal is something worth watching. As always, there are important lessons to learn from the organization's ignominy. Here's 3 FIFA scandal take-aways for corporate counsel -- and you don't even have to bribe us to get them!

It's been a bad breakup between American Apparel and its founder and ex-CEO, Dov Charney. Once Charney's bad-boy image had helped sell a brand that used "porny ads" to sell plain tees and spandex pants and rapidly expand across the U.S. After years of scandal, sexual harassment suits, and declining sales, Dov was finally kicked to the curb last December. But just like the creepy ex who won't leave you alone, Dov is refusing to take the break up in stride.

That has lead the company to take out a restraining order against Charney. What can GC's learn from this messy corporate implosion?

There are plenty of white collar criminals out there: insider traders, embezzlers, nearly all of FIFA. But there are also plenty of people who stumble into corruption, not because they are corrupt, but because there is not a strong enough ethical system in their workplace.

How can in-house counsel insure that otherwise ethical businesspeople don't stray into illegal practices? Preet Bharara, the U.S. Attorney for the Southern District of New York, has some advice -- and if anyone is qualified to talk about white collar crime, it's him. Few lawyers have brought down as many white collar criminals as Bharara.

PayPal, the online payment company owned by Ebay, has agreed to pay $25 million to settle claims stemming from its "Bill Me Later" program. The Consumer Financial Protection Bureau had accused PayPal of refusing to honor the advertised terms of its online credit product, signing customers up for credit without their permission, and failing to properly manage its credit and billing system.

Thankfully, PayPal's failure can be your inspiration, as there's plenty to learn from the company's credit debacle.

A recent survey of directors, board chairs and CEOs sheds new light on the role of general counsel in large corporations. The survey, conducted by the legal recruiting company Barker Gilmore and NYSE Governance Services, reached over 5,000 corporate leaders, though the response rate was not given.

It's filled with valuable insights into the minds of executive teams, who are increasingly looking at general counsel as a valuable part of corporate leadership. Here's some of the lessons in-house counsel can take away:

The nation's largest retailer, of both discount goods and guns, doesn't have to include a proposal from shareholders in its proxy materials, the Third Circuit ruled on Tuesday. A lower court had ruled that Walmart violated securities law when it refused to include a proposal by a shareholder and one of the nation's oldest churches, Trinity Wall Street.

The case is a reminder of the fine line between shareholder proposals which seek to change a business's social policy, which are permissible, and those which seek to change its day-to-day operations, which a company may ignore.

Amazon and Yelp are both currently suing companies that sell fake online reviews, a major reminder that online reputation can have a major impact on the success or failure of a business. Reading just three negative reviews can be enough to change the mind of most consumers, according to The Guardian, so sham online ratings may result in serious damages.

So, what should you do if your company is bombarded with false, negative reviews? Here are three tips:

JPMorgan Chase is instituting new software that will identify "rogue employees" before they actually do wrong, the banking and financial services company announced. We'll skip the comparison to "Minority Report," the early aughts film in which Tom Cruise hunts down "precriminals" before they can act.

Chase has been rattled by compliance over the past years, having recently settled a Department of Justice investigation into its mortgage practices for $13 billion. It has faced continuing investigation on multiple fronts, from accusations that it manipulated energy markets, to claims it improperly steered clients into self-serving investments.

Could a corporate Big Brother be the answer to Chase's woes? If it is, will others follow?