The race to a digital world, and the inherent connectivity of people, devices and organizations, has opened up a whole new playing field of cyber risk. We now have an irreversible reliance on technology in all aspects of our lives and the line between personal and business use continues to blur — we’re all in the cloud, whether we like it or not.
Businesses are focusing their strategy on new digital channels to maintain a competitive edge, while consumer-driven Internet of Things (IoT) developments create brand new benefits and risks for digital citizens, including connected cars, medical devices, critical infrastructure, and even smart cities.
Hardly a day goes by without reports of another high-profile cyber attack hitting the headlines. Organizations frequently fail to manage the response, and in our experience, this can be more damaging than the fact that they suffered a breach in the first place. It can suggest that not only were they breached, but they were not in control of the situation either. Cyber risk is now one of the most commonly talked about topics as the impact of cybercrime reaches an all-time high. There are high expectations from institutions, markets, regulators and the public for organizations to protect themselves and their customers at all costs.
It’s no longer a question of if your organization will be breached, or even when, it’s likely to have happened already. The real question is do you know and are you prepared to react?