Audit committees have a critical role to play in ensuring that their organisations have robust cyber security defences – not in understanding the minutiae of the technology involved, but in leading governance and policy. GCHQ director Sir Iain Lobban has been quoted as saying that business secrets are being stolen on an ‘industrial scale’ with 70 sophisticated cyber espionage operations a month against government and industry networks. Clearly, this is not an issue where a ‘wait-and-see’ approach is viable.
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