CEOs, Boards up security check to counter cyberattacks

Mumbai: An increasing number of cyber frauds is leading to a greater involvement of CEOs and boards to conduct frequent stocktaking of the risk factors, vulnerability, and their company’s cyber preparedness.

This has become more important with the advent of new age technological concepts like connected factories, connected cars, bots and digital avatars, migration of data from legacy systems to Cloud, increased use of the internet of things, and increased digitisation of supply chains making companies even in sectors such as manufacturing, automobile, energy and infrastructure, among others, susceptible to cyberattacks, said top executives. Companies are also trying to shield key managerial personnel such as CEOs and chairmen from identity theft and other forms of cyberthreats.