Security is becoming a board-level issue as the number of cyber-attacks and corporate espionage incidents are growing significantly each year...
Few people would dispute the mystique that surrounds the boardroom. This allure has been around for some time, but it was recently heightened by the popular TV series "The Apprentice" with business icon Donald Trump. Boards of directors deal with sensitive issues and handle privileged information, and board meetings themselves call to mind strategy discussion, stock discussions and major contracts.
Taking advantaged of privileged information is illegal. As you can imagine, access to privileged financial and stock information could easily be used for insider trading. The sensitive information and financial data must be controlled in order to comply with Securities and Exchange Commission disclosure requirements.
What you may not think of are the discussions around information security, which has become a board-level issue. Cyber-attacks and corporate espionage are growing significantly year-over-year. In a training program developed by Spy-Ops, the company notes that corporate espionage worldwide is now more than a trillion-dollar problem annually and growing. Data breaches, theft of intellectual property, insider trading and other criminal acts now demand the attention of the board of directors.
"Enterprise risk management discussions and strategies have moved into the executive suites and boardrooms. This is due primarily to the significant implications associated with security breaches," said Paula Cordaro of Spy-Ops. (more)
