The development of digital technologies has led to the growth of the internet, social media, and other digital platforms that have become essential components of modern life. Criminal have found new ways to exploit vulne

CS Professional · Internal and Forensic Audit · PYQS · June 2026
The development of digital technologies has led to the growth of the internet, social media, and other digital platforms that have become essential components of modern life. Criminal have found new ways to exploit vulnerabilities in these technologies. The rise of digital technologies has increased the crime rate which becomes a major concern for Governments, Business Industry, Corporates and Individuals around the world. Criminals are gaining access to sensitive information, financial data, or intellectual property. Explain roles and responsibilities of the Board of Directors and Company Secretaries in protection from cybercrimes.

Answer & Explanation:

Key roles and responsibilities of the Board of Directors include: Cybersecurity Risk Oversight, allocating sufficient manpower and financial resources, Prioritizing the material cyber risks, formulating risk mitigation plans. Board members have to take responsibility for the breaches and failures of the company's cyber security systems. The Company Secretary is responsible for supporting the board and the Governance process, providing advice and guidance to the board on Information Technology Act and the appropriate regulations, company's own cyber security policies and ensuring best practice in Cybersecurity risk oversight.

Topics: Corporate Governance

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