Cyber security, and the importance of management and
board engagement on the issue, has been generating a lot of discussion lately.
Indeed, the spate of security breaches has made it clear that no organization
is immune and that, as a society, we must develop a level of tolerance for the
fact that our information is accessible to those with the determination and
resources to go after it.
Even if we resign ourselves to the risk of a breach,
however, there are steps that organizations can and should take to reduce the
likelihood of a breach and to mitigate the impact and disruption if one does
happen. Companies are responding. Strong solutions are emerging from the
security industry, but also from business leaders across all industries. Yet
there remains one last frontier of corporate cyber security: the boardroom.
With boards rapidly migrating to digital interactions,
managers and directors should be doing all they can to manage the security
risks that come with the digital realm.
To be clear, the digitization of the boardroom, through
the introduction of iPads, boardroom portals, and other technology brings great
benefits. Reduced shipping costs (not to mention the related reduction of CO2
emissions), ease of delivery, and increased document retention capability are
just a few of the many benefits. And many would argue that enhanced corporate
security is another important benefit. After all, do your directors really
destroy all of their board books after each meeting?
Read the rest of this article on the Governance Center Blog
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