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News coverage about leaks show how information getting out can compromise a company’s competitive advantage, reputation, and commercial success – even if the information accidentally released is recovered. Sensitive boardroom discussions that have both personal and business elements and implications.Ĭonfidential, non-public corporate information including: proprietary information that is of competitive, commercial value to the company inside information about the company’s finances, operations, and strategy and sensitive information regarding board proceedings and deliberations. Material, non-public information, the disclosure of which is regulated by federal securities laws and by company-wide policies and procedures. First, why get serious about board information security?Īccording to a Harvard Law article on Maintaining Board Confidentiality, Directors’ legal obligations to protect confidentiality includes safeguarding the following types of information: But are you as sensitive relaying board information around? Many aren’t. When you’re about to hand that off you probably have security top of mind. It’s the most sensitive packet of information most of us send out every year. The private and sensitive information contained in our tax documents are the essence of an identity thief’s dreams: names, addresses, banking information and so on. Would you be comfortable sending off your personal tax info via email? It's also critical to change passwords periodically in case a situation similar to the 2012 Dropbox hack happens again, for example.Security check – is email or Dropbox safe for sharing board information? Important: Make sure your passwords are complex and difficult to uncode, and create different passwords for different services to prevent a large security breach from happening.
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This eliminates the risk of Dropbox itself accessing your files with the company's own encryption key or handing your information to government authorities. You can encrypt and password-protect documents created in Microsoft Office, for example, or with a third-party app. Simple human error is also a risk - Dropbox allows users to store files in easily exposed public folders, for example, so it's important to be careful about where files are placed.Īnd for the ultimate in security, both from accidental public folder disclosures as well as hacks, security experts like 's Chief Editor Gabe Turner suggest using file-level encryption on important files stored on Dropbox. Two-factor authentication is an easy step you can take to ensure Dropbox remains secure.
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