CXOToday has engaged in an exclusive interview with Wilfred Sigler, Managing Director, VAS – India & South Asia Markets, CRIF Solutions
- What constitutes Cyber Risk, and which entities can be involved in a potential cyber-attack?
Cyber risk encompasses the potential for financial loss, disruption, or harm to an organization’s reputation resulting from failures in its information technology systems. It extends beyond mere hacking, including internal and external threats, product-related risks, third-party vulnerabilities, and aggregate risks such as service provider and supplier failures, human errors, software obsolescence, and disruptions in upstream internet and network connectivity.
In today’s interconnected business environment, every business is linked to the internet, with employees engaging in online activities such as emailing customers, surfing the web, or paying digitally, etc. With the Internet, hackers can target your organization. Data breaches and cybersecurity continue to impact organizations of all sizes and sectors. We live in a digital world where new risks emerge every hour of the day. During the last few years, cyberattacks have steadily risen, with…
