In today's landscape, cyberspace extends far beyond conventional limits. The rapid pace of digital transformation, the remarkable surge in digital trends (such as the widespread transition to remote work during the COVID-19 pandemic), and the growing reliance on external suppliers and IT vendors have significantly broadened our cyber ecosystems.
An immediate outcome of this expansion is the heightened cyber risk, now recognised as one of the top five risks outlined in the World Economic Forum’s Global Risk Report for 2022.
The surge in cyber incidents has proven to be costly, damaging IT ecosystems and disrupting critical infrastructure. Cyber attacks not only cause financial losses but also paralyse essential systems, leading to severe reputational harm.
Consequently, global cyber leaders are shifting focus from merely defensive strategies to fostering a robust cyber-resilient stance. They are actively exploring innovative technologies and holistic strategies to anticipate and swiftly respond to cyber incidents when necessary. A cohesive approach encompassing cyber governance, risk management, and compliance (GRC) becomes indispensable in fortifying the required cyber resilience.
To help you manage your cyber risk, balance your cyber spend with your priorities, and drive risk ROI, allow us, TrustMatters, to discuss your concerns with you. Perhaps we can provide guidance in bringing your organization tot the appropriate level of maturity, to take steps to mitigate IT and Cyber Risk, and to better understand common regulation standards and guidelines to ensure IT compliance – all of which help in creating a proactive approach to your cyber resilience plan.