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Many boards continue to communicate sensitive internal governance messages through insecure communication channels. Diligent Corporation released a report that found 56 percent of board members use personal email accounts for board communications. Even governance professionals and senior executives also do this. This is a serious issue that needs to be addressed.
It is essential to convince board members of the importance of securing communications. This requires educating them about how their current methods make them vulnerable to data breaches and making them aware of the cost of those breaches in terms of lost operational time, the expense of defending against cyberattacks, and concerns over compliance violations.
Boards must be aware that they are attractive targets for cybercriminals. Cybercriminals often target high-profile people like board directors and top executives due to their access to sensitive information that is of value to them. They are therefore a prime target for ransomware, in which criminals threaten to release sensitive data in exchange for payment.
In order to prevent this from happening, it’s crucial that the board think about adopting a governance platform that replaces text and emails messages with a secured system of record that makes use of encrypted data delivery and a purpose-built mobile application. This eliminates the need to share confidential or valuable information in unsecure email or document systems that are managed by the IT teams of the company. It also provides a separate platform that will allow boards to continue to lead during times of crisis.
