A specific field of play when managing contracts is about the importance of cyber. Today a small dive into the relevance and why I think every contractmanager should understand it a bit.
As more and more businesses rely on digital technology to operate, cybersecurity has become a critical issue that cannot be ignored or taken lightly. Cyber attacks can result in data breaches, theft of sensitive information, and even financial losses, which is why it has become essential to include a chapter on cybersecurity in almost every business contract.
Not only does this protect a business’s intellectual property, but it also assures their clients and stakeholders that their data is in safe hands. Moreover, it helps to set clear expectations and responsibilities for all parties involved in the contract, which can prevent disputes and legal actions down the line.
In today’s digital age, no business is safe from cyber threats, which is why it’s crucial to have a robust cybersecurity plan in place, including having a dedicated chapter on cybersecurity in all of your business contracts. So if you’re drafting a new contract or reviewing an existing one, be sure to give cybersecurity the attention it deserves, and protect your business and your clients from the devastating consequences of cyber attacks.
Now how do I come to this you might ask. Well, I had a talk with Astrid Oosenbrug ✔️ and some amazing folks DIVD Academy and it inspired me to think on it.
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