Twenty five years ago e-risks did not exist. It is only the development of the computer and the internet that has transformed how we interact and subsequently has created the additional exposure to risk.
Some of these risks are:
Email liability – Who doesn’t use email as a form of communication now? An email that contains remarks that are libellous or defamatory could result in a law suit
System failure – We are so reliant on computers and computers’ networks that a system failure could have catoptrics effects on profits
Privacy Breaches – Some businesses hold a massive amount of customer data online. A breach of privacy can be costly and have a really negative effect on brand
Hacking and Viruses – Malicious hacking, viruses and even organised criminal extortion are more common than ever. A company that is reliant on its website for its profits needs to recognise the threats
Social business – The use of the internet to share information between employees and customers either by intranets or social media can be seen as a massive step forward. It however can also lead to employment related issues or damage to brand if not handled properly
For more information on e-risks contact Adam Lawrence on 0118 9165 484 or complete one of our enquiry forms.
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*Information correct as of 1st May 2016