Are You Prepared For A Cyber Attack?
As the number of people that have devices connect, the risk and impact of data breaches from malicious cyber attacks, system failures, and human failures will only continue to increase.
Mind The Gap
Key Facts and Figures To Know
- 50 Billion devices will be connected to the internet by 2020 – that’s 8 devices for every person globally. More devices = greater risk.
- Types of Breaches: 46% are malicious/criminal, 25% human error, 29% system glitches.
- Top Concerns: Business Interruption(during breach), Business Interruption(after the breach), 3rd party liabilities, breach due to 3rd party systems, and 1st party breach cost.
- Stakeholder Differences – IT is focused on technical issues, Managers assign appropriate risk, C-Suite understand it is a strategic issue but struggle to define impact.
Develop An Effective Cyber Response
This risk management can be utilized under the 3-point framework: