On 25 May 2023, Rajah & Tann held its first Data & Digital Economy (DDE) Masterclass Series titled “Cybersecurity Risk & Corporate Governance for Listed Companies – Everyone has a Role to Play”.
Rapid technological changes have brought many benefits to companies and, along with it, the proliferation of cybersecurity attacks. Cybersecurity breaches, if not managed efficaciously, may cause substantive financial and reputational harm to a company and its stakeholders. Public listed companies potentially face wider repercussions for failure to make timely disclosures and manage cyber risks. With the growing threat of cybersecurity breaches and their potential impact on a company’s business, how should cyber risk management be part of the Board’s remit?
The speakers, Steve Tan, Deputy Head of the Technology, Media & Telecommunications Practice, Wong Onn Chee, Chief Executive Officer of Rajah & Tann Cybersecurity, and Technical Director of Rajah & Tann Technologies, and Partner Cynthia Wu from the Capital Markets / Mergers & Acquisitions Practice discussed, among others, issues relating to cybersecurity risks faced by public listed companies and offered tips on handling cybersecurity incidents.
