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 emails to communicate with the board. Even the top executives and governance professionals are also doing this. This is a major risk that needs to be addressed.
It is crucial to convince board members of the importance of secure communications. This means educating them about the reasons why their current practices expose them to data breaches, and helping them understand how much it will cost in terms of lost time, cyberattacks, and compliance violations.
Boards should be aware of the fact that they are attractive targets for cybercriminals. Hackers typically target high-profile individuals like board directors and C-level executives because they have access to sensitive information that is of importance to them. This makes them an ideal target for ransomware boardroomsolutions.org/best-driver-update-software attacks, which are when criminals threaten to release sensitive information unless they are paid a payment.
To prevent this, it’s important to consider implementing an administration platform that replaces text and emails messaging with a fortified system of record that utilizes encrypted data delivery and a purpose-built mobile application. This will eliminate the need to share confidential or sensitive information in unsecure email systems or document systems that are managed by the IT departments of the company. It also provides a platform that is independent which will allow boards to remain in charge during times of crises.