As we navigate economic uncertainty, the prospect of war, and an ever proliferating cyber threat landscape the importance of building a resilient business cannot be overstated. Let's focus on the cyber aspect.
The Cybersecurity Landscape Today
The IT landscape is characterized by rapid digitization, cloud integration, interconnected ecosystems, and automation. While these advancements bring efficiency and innovation, they also bring them for cyber criminals. Cybersecurity is about risk management. How likely is the threat and what is the impact? Your options are accept the risk, transfer the risk (cyber insurance & outsourcing), mitigate the risk, or avoid activities associated with the risk.
Good Cyber Insurance
A good cyber insurance policy AND provider can make all the difference. They'll send out the breach coach, PR, and the Digital Forensics and Incident Response team. Together this team will help mitigate damages.
Relationships Matter
When shit hits the fan your relationships will be the most important asset to your business. Surround yourself with a community that will lend a helping hand during a cybersecurity incident. And just as important, be someone who will lend a helping hand to a friend in need.
Legal and Financial are not the Only Aspect.
Don't forget the human element. Be there for your customers when it matters most. Often the emotional element is the most overlooked aspect in any crisis.