As a cyber risk leader, effectively managing and mitigating cyber risk is a critical priority due to the potential impact it can have on your organization's operations, reputation, and financial health. With the increasing sophistication of cyber threats and attacks, the cost and frequency of data breaches are on the rise. The World Economic Forum’s Global Risks Report 2023 highlighted ‘widespread cybercrime and cyber insecurity’ as a top global risk.
We understand the many challenges you face in developing and implementing an effective cybersecurity strategy for your organization. They say that a picture is worth a thousand words… so in the spirit of that age-old wisdom, we present three infographics to help you better understand and manage cyber risk.
Scroll down to discover valuable insights and actionable recommendations to help you stay ahead of the cyber risk curve!
In today’s interconnected digital landscape, thanks to increasing global connectivity, new hybrid work models, the adoption of cloud services, the evolution of technology, and a myriad of other factors, cybersecurity risk is more relevant than ever before. But among the many cyber challenges, what are the most important and urgent ones that need to be on your radar? Check out the 7 most urgent cyber GRC challenges and what steps you can take to stay prepared.
Cybersecurity standards and frameworks are the essential starting point in managing cyber risks and building cyber resilience. They provide a systematic approach to identifying and prioritizing risks. This helps organizations to focus their resources on the most critical areas of risk and develop a mitigation strategy. It also helps demonstrate compliance with regulatory requirements and industry standards and provides a common language to communicate cyber risk effectively with stakeholders, including executive management, customers, partners, and regulators. Take a look below at the essential cyber frameworks:
The elastic nature of cloud infrastructure, while bringing advantages like speed and efficiency and accelerating innovation, increases the complexity of your IT footprint, which in turn complicates the effective management of cyber risk. This is where continuous control monitoring (CCM) comes into play. By enabling an organization to continuously monitor its cloud systems for cyber threats or non-compliance issues in an automated manner, CCM identifies potential problems and threats in real time so that they can be addressed as soon as possible. Discover more in the infographic.
To build cyber resiliency and plan an effective cyber risk management strategy, it's important to stay informed about the latest cyber risk trends. Our infographic on the top Cyber Risk Trends for 2023 helps you do just that. Check it out!
Enjoyed exploring the infographics? Check out more recent cyber risk and compliance resources to help you stay ahead of the cyber risk curve. Need help with your cyber risk programs? Request a demo now!
eBook: Towards a Secure Cloud:Top 6 Strategic Priorities for Cyber Risk Leaders
Analyst Report: Ten Cyber and IT Risk Fundamentals You Must Get Right By Gartner Analyst(s): Claude Mandy and Jie Zhang
Case Study: U.S. Telco Giant Makes Cybersecurity Decisions 60% Faster by Quantifying the Dollar Impact of Cyber Risks