Topic Brief

The need to manage cyber risk and build cyber resilient organizations has grown significantly over the last two years due to the Covid-19 pandemic. Enterprises today are facing massive challenges to business and cybersecurity operations caused by the rapid pace of digital transformation and the shift to a remote workforce. Rapidly deployed remote access networks, almost overnight during the pandemic, coupled with the ever-widening attack surface have exposed vulnerabilities that are being actively exploited by cybercriminals. It has become imperative that organizations must rethink their operating models in these unprecedented times. Business leaders and boards of directors are now expected to play much bigger roles in ensuring the continuity of business operations amidst a global recession and against any further disruptions caused by pandemic driven cyber-attack events. Other external driving factors including the widening cyber skills gap, a slowing global economy and shrinking organization’s IT budget further exacerbate this problem today. The threat from cyber-attacks in the current global pandemic environment will force businesses to look at lowering operating costs and building greater business resilience to stay competitive and ultimately in business. Ransomware for example has made a significant comeback for cybercriminal gangs, driven by increasing rates of successful ransom payments. For businesses, it is not just ransomware payments that impact the bottom line. Reputational damage, customer distrust and costs of downtime make it hard for businesses to fully recover. Operational resilience represents an organization’s ability to detect, prevent, respond to, and recover from operational and technological failures that may impact delivery of critical business and economic functions or underlying business services. The need for business organizations to develop and improve response capabilities against such disruptions has never been more critical than in the current environment of hostile cyber-attacks and large-scale technological changes. Joins us as we unpack these challenges with our panelists to help bring these issues to the forefront and provide context for our audience to navigate this complex terrain.