Cyber Resilience for Your Business

Cyber Resilience refers to an organisation’s ability to anticipate, respond and recover from cyber-attacks and security breaches quickly and effectively. Unlike cybersecurity, which focuses on the organisation’s capabilities to protect and prevent cyber-attacks, Cyber Resilience looks at the company’s ability to mitigate damage and continue operations after the attack.

With bad actors possessing far greater means than ever before to inflict a devastating cyber-attack on a business, it is no longer a simple question of ‘if’ the cybersecurity in place is effective enough; it is now a question of when the attack will occur.

64% of organisations are concerned about experiencing a disruptive event within the next 12 months

An independent study by Dell showed that 64% of organisations are concerned about experiencing a disruptive event within the next 12 months.

Furthermore, the study provides further shocking statistics highlighting that the average cost of data loss in the last 12 months amounted to $959,493. Whilst this cost in itself will be a burdensome and challenging amount for many organisations, the further cost of unplanned system downtime increases the cost to organisations by over $500,000.

A Cyber Resilience plan is a company’s acceptance of this and provides a strategic focus for investment in solutions and technologies which strengthen the Business Continuity and Data Recovery plan (BCDR) for quick operational recovery.

Considering the current international crisis in Ukraine, the threat of a cyber-attack is imminent for Western countries with prominent figures concerned about the cyber welfare of Critical National Infrastructure companies, especially those in the Utilities and Renewables sectors.

The US President, Joe Biden, has stressed this very point calling in a statement that “Critical infrastructure owners and operators must accelerate efforts to lock their digital doors.”