As the consequences of cyber-attacks are growing, and well-financed “bad actors” are able to target larger and more complex attack surfaces, it’s increasingly difficult to ensure proper patching. To mitigate cyber risk, we need to change how we measure performance. While risk elimination is impossible, better measurement and incentives can manage and even turn these risks into opportunities for a more resilient economy. Companies must take proactive measures to protect themselves and a multi-layered defense strategy is critical. By investing in and prioritizing cyber security companies have the opportunity to stay ahead of emerging threats.
Why It Matters: The increasing sophistication and frequency of cyber attacks pose a significant threat to businesses of all sizes and industries. A single security breach can have devastating consequences, including loss of sensitive data, financial losses, reputational damage, and legal liability.
- A multi-layered defense strategy is key to protecting against cyber attacks.
- Regular training and communication with employees can help prevent cyber incidents.
- Prioritizing and investing in cyber security is essential to avoiding emerging threats.
