J2 Software CEO John Mc Loughlin.
Despite the rate at which digital technology is evolving and disrupting traditional business models, cyber risks seem to evolve even faster. And despite declining business confidence in the ability to manage cyber risk, business leaders are now clearly recognising the critical nature of cyber threats and are starting to identify and embrace best practices to mitigate risks.
Cyber risk has moved beyond data breaches and privacy. There are now sophisticated attacks that are disrupting entire countries, industries, businesses and supply chains. This is costing the economy billions and affecting businesses in every sector. Unfortunately, cyber risk cannot be eliminated, but it can be mitigated and managed.
The most savvy businesses are building cyber resilience by implementing comprehensive, balanced cyber risk management strategies, rather than concentrating solely on prevention. These more complex approaches account for the need to build capabilities in understanding, assessing and quantifying cyber risks in the first place, as well as adding the tools and the resources to respond to, and recover from, cyber…
