Modern organisations now realise that cyber-security is a crucial concern.
IBM’s 2020 Cost of a Data Breach Report found that the average cost of a data breach today is $3.86 million, and that it typically takes 280 days to identify and contain.
And in light of Covid-19-related changes in workforce structure and an unplanned shift to remote-work environments that might not be supported by the right infrastructure, companies became even more vulnerable to attack in 2020.
This is exactly why CISOs need to start taking a risk-based approach instead of only focusing on compliance. In this white paper, we look at the value, best practices and recommendations around taking a risk-based approach to cyber-security, as well as:
- What good cyber-risk management looks like
- Six steps in the business risk-assessment process
- The important role of automation in cyber-risk management