Building cyber-resilience to tackle threats

Cyberspace is critical to organisations today – from the supply chain to customer engagement – and slowing adoption or disconnecting from cyberspace is simply not an option. However, the commercial, reputational and financial risks that go with cyberspace presence are real and growing, driven by two key factors. First, cyber-criminals are now better organised and more professional in their approach. They innovate just as business does, and the financial rewards for them grow as business use of cyberspace grows. They also have access to powerful online tools and expertise for identifying, targeting and attacking their victims, and online markets to launder their booty. Second, cyberspace is constantly evolving and presenting new opportunities. The desire of businesses to quickly adopt new technologies – using the Internet to open new customer channels and adopting cloud and other online services – provides enormous opportunity, but also brings with it unforeseen risks and unintended consequences that can have a negative impact on a business.