Secure Board Communication

Many boards still communicate sensitive internal governance messages through insecure communication channels. A recent report by Diligent Corporation found that 56 percent of directors utilize their personal email accounts for communication with the board. And even C-level executives and governance professionals do the same. This is a huge risk that needs to be addressed.

It’s important to get board members onboard with the necessity of secure communications. This requires educating them about the reasons why their current practices make vulnerable to data breaches and helping them understand the costs of these breaches in terms of loss of operational time, the cost of dealing with cyberattacks, as well as concerns about compliance violations.

Boards must be aware of the fact that they are the most attractive targets for cyber criminals. Cybercriminals target prominent people such as executives and directors of boards since they have access to sensitive data that they consider valuable. They are therefore a prime target for ransomware, which is a type of malware that allows criminals to are threatening to release sensitive information until they are paid.

To avoid this, the board should look into adopting a platform for governance that replaces email and text messages with a secured record system that utilizes encrypted data transmission and a custom-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 platform that is independent that allows boards to continue leading during times of crisis.