Many boards still communicate with their employees via unsecure communication channels. A recent study by Diligent Corporation found that 56 percent of directors utilize their personal email accounts for communication with the board. And even governance professionals and C-level executives also do this. This is a significant risk that must be addressed.
It is vital to convince board members with the need for secure communications. This means educating them on why their current methods expose them to data breach and helping them understand the amount it will cost in terms lost time, cyberattacks, and compliance violations.
Boards should be aware of the fact that they are the most attractive targets for cyber criminals. Hackers target high-profile executives such as executives and directors of boards since they have access to sensitive data important to them. This makes them a prime target for ransomware attacks, which are when criminals threaten to release sensitive information unless they receive payment.
To avoid this from happening, it’s imperative that the board consider adopting an organizational platform for governance that replaces emails and text messages with a secured system of record that makes use of encrypted data delivery and a specially-designed mobile app. This eliminates the need to share confidential or insider information through unsecure email accounts or document systems that are managed by the IT departments of the company and provides an independent platform that allows boards to lead even in times of crises.
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