Much has been made of cyber resilience in recent years. And with good reason: failing to bounce back quickly from a security event can have dramatic financial consequences. In early 2023, Royal Mail took several days to recover from a Lockbit cyberattack, losing upwards of £10 million in the process. However, for all the talk about resilience, the industry seems to be overlooking one of its fundamental tenets: risk management. It is, perhaps, understandable that we overlook risk management. Striking the right balance can be difficult, with risk managers often either needing to be more…
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