Time to Build Your Cyber Resilience Strategy

Threats to IT environments are on the rise. It is high time for the companies to become resilient to respond effectively to threats

As the average cost of a cybercrime rising to $4.24 million and recovery spanning from days to weeks, cybercrimes continue to be a major concern for organisations the world over. Cyber resilience protects your business from these staggering losses by getting your business up and running again with minimal interruption.

Even with the best cyberattack defense strategy, it’s possible that an attack could bypass those defenses. Which is why it becomes essential to have both defense and recovery strategies in place. This means organisations today need to focus not only on cybersecurity but also cyber resilience.

It is all about being prepared for these issues because, let’s face it, they’re not going away anytime soon. In fact, organizations report unplanned downtime of 240 hours per year, on average. Imagine what that loss would cost your team.

Cyber resilience is a combination of strategies, processes and technologies that will help you prepare for and respond to any cyber-related incident. By implementing the proper cybersecurity measures and incident response plans, your organization will be more resilient and better equipped to handle any incident that comes your way.

Hence, it is urgent necessity to get prepared for, respond to, recover from and adapt to “adverse conditions”, like cyberattacks and incidents that compromise a company’s security, availability or integrity of its digital assets. A solid cyber resilience strategy enables organizations to continue operations even in the face of cyber threats.

Cyber resilience will have a significant impact on your organization’s reputation. It demonstrates that you take the security of your digital assets seriously. It will help you build trust and credibility with customers and stakeholders as a reliable company willing to take the necessary steps to protect their information.

Finally, as companies adopt more digital technologies, the attack surface has shot through the roof. It is the time for the organisations to rethink to invest in updated technology and automated processes that help protect against a cyber event and also help quickly recover mission critical business operations. As fast recovery is the highest priority for any organisation during a cyber event, having a well-defined data resilience strategy in place becomes imperative.