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How Secure are Your Board Documents?

Cyberthreats and cybersecurity are hot topics these days, following a spate of high-profile cyberattacks. For enterprises, cybersecurity has become a top-flight board-level issue as security experts continue to warn they are not doing enough to secure their IT infrastructures.

Cyberattacks are becoming the norm rather than the exception as organized crime, terrorists and souls seeks to secure the most secure platforms for state secrets, competitive advantage or just as much as possible. Their scope and the effort required to mediate them are thus increasing.

The recent Petya Ransomware Attack, which is published in the United States of America, ends up being a mess in the US, Australia and the rest of the world. It is just one of many types of attacks and similar incidents, including attacks on global hospital infrastructures, yahoo, which were millions of hacked accounts, and Sony Pictures, who was the victim of a massive cyberattack in 2014.

Securing sensitive content

In the face of these attacks, board members and C-suite executives need to operate in a secure network environment.

This is where specialized platforms for managing board papers come into their own. They allow board members and senior executives to create, distribute and collaborate on the most sensitive company documents in real-time. Board portal software makes any type of document or information a C-suite member requires – e-signatures, global searches and even note sharing – available for users who can see what.

The cybercrime landscape in Australia

The Petya attack, which reportedly hit the Australian offices of DLA Piper, TNT Australia and the Hobart factory of Cadbury, may still serve as a wake-up call to Australian businesses, but is vulnerable, Australia is wide open , There is a catastrophic cyberattack on Australia’s economy, according to the Australian Defense and Intelligence Chiefs.

Cybercrime is therefore becoming more prolific, costing the economy $ 1 billion a year by conservative estimates. Following the Petya attack, the federal government approved the use of offensive cyber-warfare operations to shut down foreign criminal networks.

In the announcement, prime minister Malcolm Turnbull cited 114,000 reports of cybercrime registered with the Australian Cybercrime Online Reporting Network (ACORN) since 2014, and 23,700 in the first half of 2016 alone. The federal government has committed $ 630 million to beef up national security against cybercrime.

Protecting your data and communications

In response to this global threat, Diligent’s Board Portal platform has been developed to offer the data and communications security they require. Built on secure servers that are owned and operated in-house, it provides robust encryption, strong third-party protection and a 24/7 global user hotline.

It also includes Diligent Messenger, a smarter and more secure way to board members to email and message each other without having to use corporate email systems when exchanging confidential information.

More than 140,000 directors and executives worldwide rely on Diligent to run their meetings, improve their governance and provide peace of mind. There’s only one question that really matters and diligent can help.

Webinar series

Diligent is partnering with governance and cybersecurity experts Steven Bowman and Monica Schlesinger for a three-part webinar on cybersecurity.

In this series, you can find cybersecure, and thus take part in a Q & A session where you can troubling you.

Find out more about Diligent’s Webinar Series .

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