The most important challenge for organizations, is to ensure business risks are kept under control and business continuity can be ensured in the most (cost)-effective manner. This is by no means an easy task: integrated networks, fueled by the internet, have removed the historical barriers to productively sharing information, unleashing the capacity of technology to revolutionize our economic and personal lives. But as the benefits of digitization are increasing – so are its vulnerabilities and their exploitation by threat actors. Attackers have become highly organized and focus their attention on disrupting services, stealing or destroying data, and holding systems to ransom. In recent years, concepts like digital espionage, fraud, and data leakage have adopted a whole new meaning. The risk challenges have grown more complex—with regulatory fines, legal damages, loss of trust, and reputation damage being part of the equation.
Of course, as a society we are adapting to this. Actively defending against cyber attacks is the only way to get ahead of cyber criminals. Cyber security is evolving into a continuous process that is, at its core, risk management with the aim of ensuring business continuity. This involves the planning and preparation of a holistic cyber program to ensure that organizations are resilient to cyber threats and can continue to operate in case of serious incidents or are at least able to quickly recover to an operational state. Such defenses require operational processes to ensure the threat landscape and security posture are in line with overall risk acceptance.