The fundamentals of secure governance communication

Boards need to be ready for anything at a moment’s notice. But being agile and quickly shifting focus as new challenges emerge frequently creates the opening bad actors need to gain access to sensitive materials. A data breach threatens every aspect of an organisation’s success: its valuation, its profitability, its brand and its reputation. Despite heightened awareness of data security, data breaches are increasingly the result of internal human error.

According to a recent study from Proofpoint and the Ponemon Institute, insider threat incidents rose 44% between 2020 and 2022. Meanwhile, annualised costs per incident hit a staggering USD $4.1 million, with the time required to contain an incident increasing from 77 to 85 days.

To effectively navigate this threat landscape, corporate boards and C-suites need to get ahead of insider risk proactively. That means building up controls to prevent unforced errors and ensure the protection of sensitive data and communications at all times.