Many boards still send sensitive internal governance communications through unsecure communication channels. Diligent Corporation released a report that found that 56 percent board members use personal emails to communicate with the board. Even governance professionals and senior executives are also guilty of this. This is a serious issue that must be addressed.
It is crucial to convince board members of the importance of securing communications. This means educating them on why their current methods expose them to data breaches, and helping them understand how much it will cost in terms of lost time, cyberattacks and compliance violations.
Cybercriminals are attracted to boards because they have access to sensitive information that is valuable to them. Hackers often target high-profile individuals like board directors and C-level executives because they have access to sensitive information that is of significance to them. They are therefore prime targets for ransomware attacks, where criminals threaten to release sensitive information unless they receive a payment.
To prevent this from happening, it’s imperative that the board consider adopting an administration platform which replaces emails and text messaging with a secure system of record that utilizes encrypted data delivery and a purpose-built mobile app. This will eliminate the need to share confidential or sensitive information through unsecure email or document systems controlled by the IT teams of the company. It also offers an independent platform that allows boards to continue to lead during times of crises.
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