ARTICLE · 10 MARCH 2023

Cybersecurity: A Strategic Imperative Rather Than A Mere IT-Problem

Lydian

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Cybersecurity risks are on the rise within companies since (i) telework and the use of cloud technologies provide employees with widespread access to company data, (ii) outsourcing requires exchanging information and (iii) cyber espionage and data theft are not unusual in M&A transactions.

BelgiumTechnology

Bastiaan Bruyndonckx

Olivia Santantonio

Cybersecurity risks are on the rise within companies since (i) telework and the use of cloud technologies provide employees with widespread access to company data, (ii) outsourcing requires exchanging information and (iii) cyber espionage and data theft are not unusual in M&A transactions. As the very survival of a company (large companies and SMEs alike) is more and more determined by its resilience towards such vulnerabilities, the Board of Directors must play a fundamental role in managing cybersecurity risks. With the advent of the European CyberSecMonth 2022 (the 10th edition), this topic deserves some extra attention.

CHALLENGE FOR THE BOARD OF DIRECTORS

A company can be exposed to various kinds of cybersecurity risks.

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