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Many boards continue to communicate sensitive internal governance messages via unsecure channels for communication. Diligent Corporation released a report which found that 56 percent board members use personal email accounts for board communications. Even senior executives and governance professionals also do this. This is a serious danger that must be addressed.
It is essential to convince board members of the importance of securing communications. This means educating them on the reasons why their current practices make vulnerable to data breaches, and helping them understand the costs of such breaches in terms of lost operational time, the expense of dealing with cyberattacks, and concerns about compliance violations.
Cybercriminals are attracted to boards due to the fact that they have access to sensitive information that is valuable to them. Hackers target high-profile people like board directors and executives due to the fact that they have access to sensitive information that they consider valuable. They are therefore a prime target for ransomware, in which criminals threat to release sensitive data unless they get paid.
To avoid this from happening, it’s essential to consider implementing a governance platform that replaces text and emails messaging with a secure system of record that utilizes encrypted data delivery and a custom-built mobile application. This eliminates the need to share sensitive or confidential information with unsecure document systems or email accounts that are managed by IT departments of the company and provides a platform independent of IT that allows boards to lead even in times of crises.
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