How to prevail when technology fails - Flipbook - Page 47
Prepare now for a surge in cyber and data breach litigation | 47
Remote working exacerbates cyber risk
The sharp increase in remote working
in response to the COVID-19 pandemic
brings new cybersecurity and data
privacy risks. Instances of phishing and
ransomware have surged, and employees
are more likely to work on personal
devices – which may not have the latest
cyber defenses installed.
Companies also need to deal with the
different risks that remote working
presents, such as the difficulties of
maintaining confidentiality over business
information, including personal data, if
people live in shared accommodation.
Six out of 10 surveyed businesses plan to
implement cybersecurity work-from-home
guidelines in the next 12 months. This
is positive, but more action is required.
You must regularly train employees
in cybersecurity hygiene and bolster
security with technologies such as
two-factor authentication.
Increased remote working will lead to
more data being stored in the cloud than
on internal servers. You therefore have to
add cloud providers to the list of crucial
suppliers to review, and ensure that those
providers’ data retention policies are
aligned with your own legal obligations in
the event of an investigation or litigation.