[Webinar] Unwanted visitors. Now what? Managing cyber risks for in-house counsel

MANGEAT and Control Risks recently co-hosted a webinar on the subject of ransomware threat, managing and responding to ransomware risks.

Our Counsel, My-Hué Tan, who leads our practices of Risk Management and Compliance, and the General Counsel Desk, joined Control Risks’ cyber and digital forensics experts Jay Perera and Luke Fardell. In this article, we share a few insights from her presentation.

An enterprise-wide risk

In the hyper-connected operating environment in which organisations are evolving nowadays, cyber incidents are causing business disruption, financial and reputational damages. Organisations may be exposed to financial risks such as ransomware and the costs of the forensic investigations.

“This hyperconnectivity create interdependencies between critical systems which bring the issue of cyber-threats to a whole new level of complexity and can turn it into an exponential risk as it may accelerate the spread of a malware/attack to different parts of the organisation.”

My-Hué noted that this potential domino effect calls all of us to switch gears and to move to an enterprise-wide risk based thinking. She outlined the importance of the organisational culture and cross-functional collaboration in doing so, and shared the five core principles that can help create a strong cybersecurity culture and governance.

How can the in-house counsels step up?

MANGEAT – Copyright – All rights reserved

“In this very complex and multidimensional risk environment, I believe in-house counsels can play a pivotal role”.

She went on to explain how the legal role now encompasses a risk management dimension, helping the organisation to map and mitigate a portfolio of different risks, which now includes cyber-attacks.

Not if, but when

As the environment in which organisations operate gets more complex and the cyber attacks become more frequent and sophisticated, the question is not if you are going to get hacked, but when.

If this topic is on your mind and you want to learn more about how to map and mitigate cyber risks while implementing a strong cybersecurity culture in your organisation, we invite you to contact My-Hué Tan.

Connect with us

My-Hué Tan portrait

My-Hué Tan

My-Hué advises clients on the management and mitigation of legal, business and operational risks arising from corporate transactions, divestitures, acquisitions, post-acquisition integration, business restructuring, labour relations, product manufacturing, business disruption, crisis management, fraud and ethics investigations.

Learn more about My-Hué