Cybersecurity matters. In a technology-driven society,
cybersecurity serves to protect all categories of digital data from
theft, misuse and damage. Its importance for individuals,
organisations and businesses, especially those operating with
sensitive data, is on the rise as cyberattacks become more frequent
and sophisticated.
International arbitration is not immune from cyberattacks. This
is because arbitration proceedings usually involve a vast amount of
sensitive data, trade secrets and privileged documents that are
stored digitally these days. Arbitrators, administrative bodies and
lawyers must keep these digital records confidential when the
parties want to keep them out of the public eye. If they fall into
the wrong hands, the impact may be troublesome.