Add to favorites “The first step is to ensure the resumption of critical operations by developing a safe-mode or alternative processes”
Cyber security concerns, while not new, have grown exponentially to the point where they are considered by many as the single most important near term systemic risk, according to DTCC’s latest systemic risk barometer survey. It is in this context, combined with increases in the sophistication and number of attacks, that most large firms now acknowledge that a successful broad-scale cyber attack is not a question of if, but when.
As a result, firms have placed great emphasis not only on preventing attacks but on enhancing their recovery and resiliency plans to more effectively respond to potential attacks.
Traditionally, prevention has been the main focus of firms’ cyber security strategies, and so this is where the most resources have been allocated. But with the acceptance that attackers may eventually break through, recovery plans have leapfrogged the agenda in recent years to a point where there is equal focus being placed on both…
