Many boards still send sensitive internal communications via insecure communication channels. A recent study by Diligent Corporation found that 56 percent of directors use personal email accounts for board communications, and that even governance professionals and C-level executives do so as well. This is a significant danger that must be addressed.
It’s crucial to convince board members of the importance of secure communications. This requires them to be educated about the reasons their current practices leave vulnerable to data breaches and making them aware of the cost of these breaches in terms of lost operational time, cost of defending against an attack from cyberspace, and the concern over compliance violations.
Cybercriminals are attracted to boards due to the fact that they have access to sensitive information that is important to them. The hackers often target prominent individuals like board directors and C-level executives due to their access to sensitive information that has importance to them. They are therefore a prime target for ransomware, which is a type of malware that allows criminals to threaten to release sensitive boardroomsolutions.org/best-driver-update-software data until they are paid.
To avoid this, the board could consider the adoption of a platform for governance that replaces email and text messages with a securing record system that uses encrypted data transmission and a custom-built mobile application. This will eliminate the need to share sensitive or confidential information in unsecure document systems or email accounts that are managed by the IT departments of the organization. It also offers a separate platform that will enable boards to remain in charge during times of crisis.
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