Many boards continue to send sensitive internal communications via insecure communication channels. Diligent Corporation released a report which found that 56 percent board members use their personal email addresses for communications with the board. Even governance professionals and senior executives are also guilty of this. This is a serious risk that needs to be addressed.
It’s crucial to convince board members of the importance of securing communications. This requires educating them about the reasons their current practices leave vulnerable to data breaches and helping them understand the costs of those breaches in terms of lost operational time, cost of dealing with a cyberattack, and concern about compliance violations.
Boards need to be aware of the fact that they are attractive targets for cyber criminals. Hackers typically target high-profile individuals such as board directors and C-level executives because they have access to sensitive information that is of importance to them. This makes them a prime target for ransomware attacks in which criminals threaten to release confidential information unless they are paid a payment.
To prevent this from happening, it’s crucial that the board considers adopting the governance platform that replaces email and text messages with a secured system of record that uses encrypted data delivery and a custom-built mobile app. This will eliminate the need to share confidential or private information in unsecure email or document systems that are managed by the IT teams of the company. It also provides an independent platform that allows boards to remain in charge during times of crisis.
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