Cybersecurity Protocol for International Arbitration: Three international organisations—ICCA, the New York City Bar Association and CPR—are introducing best practice in protecting against cyber threats.
Cybersecurity is a particularly important element of the legal sector, including international arbitration. Digital exchange of information in arbitration proceedings involves, among other things, sensitive data of the participants in the proceedings, including the parties, arbitrators and arbitration institutions.
Failure to protect the exchange of information in cyberspace may result in leaking of sensitive information and abuse of confidential data by third parties. This can result in economic loss, damage to the reputation of the participants, as well as violation of the principle of fairness of the proceedings and the independence of arbitrators.