Managing Online Risks through Contractual Instruments

By: Sonny Zulhuda

By transforming to the workplace environment that uses the Internet and other devices of information and communications technology (ICT) as the enabler in running their businesses, organizations are exposed to potential risks out of the abuse and misuse of the said technology by internal employees and any strangers outside the company alike. Such misuse can take the form of security breaches, theft of company’s informational assets, lost productivity, wasted computer resources, electronic viral infections, business interruption and public embarrassment should a workplace lawsuit be filed.

While lots are done for preventing external hackers from jeopardizing internal network and information system, risks from internal sources are often overlooked by most companies. In fact, the threats exposed by these ‘internal saboteurs’ may be as great as the external intruders, and therefore may be as harmful as the external sources of threats.

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