Enterprise Resilience in the Face of Cyber Risk

There are now more than $10 trillion in annual cybercrime costs in the world, which speaks volumes about how quickly data breaches, ransomware attacks, and malicious disruption of business and government operations are growing in scale and scope. Cyber attacks are growing in number, quantity, and quality, and there is no doubt that these three factors are driving the rise in cyber attacks; this assertion is made by Ram Elboim, CEO of Sygnia, an organization that provides cyber readiness and response services to enterprises around the globe. 

The author of this article reports that “geopolitics has a much greater influence on cybersecurity today than it did five years ago.” Accordingly, enterprises are now experiencing attacks from what appears to be a totally new corner in terms of the cyber landscape, namely national-state threat actors. As part of their cyber armies, the members of these cyber armies have been particularly successful in attacking new targets, including organizations that support critical infrastructures like power plants, water supply systems, and hospitals, and that deliver vital services like health care. 

As a result, enterprise resilience entails a company’s ability to engage with strategic, financial, operational, and information (cyber) risks in a manner that gives the company a competitive advantage, is profitable, and enables the company to make effective use of technology.

As a result of cyber resilience, an organization can detect, respond to and quickly reco

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