Brendan Read talks with Governance Directions Journal
Companies and directors increasingly vulnerable to costly cyber
attacks.
Cybersecurity expert, Brendan Read, recently shared his insights
with the Governance Institute of Australia's Governance
Directions Journal into the expected wave of shareholder class
actions in response to surging ransomware attacks and inadequate
defences.
The article highlights the growth in number and sophistication
of cyber attacks, which leaves companies more vulnerable than ever.
Brendan notes how this vulnerability has now extended to company
directors, as these attacks often have crippling effects on company
financials, reputation, supply chain and logistics.
"Worryingly, successful ransomware attacks may have a
devastating impact on company directors, causing the business's
stocks to plummet in value and aggrieved shareholders to seek
compensation."
