The threat of cybercrime, severe weather events, social events, and political instability to businesses is growing. As a result, CEOs are increasingly looking for ways to protect their businesses from these threats through building a culture of corporate resilience. According to Gartner, by 2025, 70% of CEOs will be focusing on building this culture. As a cyber security consulting company, we believe that understanding the current landscape and how to build a culture of resilience is essential for business owners to protect their assets. In this article, we will explore how businesses can build a culture of corporate resilience and how our cyber security consulting services can help them.
To understand the need for corporate resilience, it is important to understand the current threat landscape. Cybercrime is one of the most significant threats facing businesses today. According to the 2020 Verizon Data Breach Investigation Report, there was a 63% increase in ransomware attacks in 2020, with businesses of all sizes being affected. Additionally, the cost of data breaches is increasing, with the average cost of a data breach in 2020 reaching $3.86 million.
In addition to cybercrime, businesses also face risks from severe weather events. This includes flooding, hurricanes, and other natural disasters that can cause significant damage to businesses. Natural disasters can cause physical damage to buildings, equipment, and inventory, as well as disruption to operations and customer service.
Social events such as protests and civil unrest can also pose a risk to businesses. These events can cause disruption to operations, damage to buildings and equipment, and can even lead to looting. Similarly, political instability can also have an impact on businesses, with economic sanctions and other restrictions potentially limiting access to markets and resources.
The first step in building a culture of corporate resilience is creating a robust risk management strategy. This involves identifying potential risks, assessing the likelihood of these risks occurring, and implementing measures to mitigate these risks. This could include implementing security measures to protect against cybercrime, investing in backup systems to ensure continuity of operations in the event of a natural disaster, and implementing crisis management plans to ensure the business is prepared for social events or political instability.
The next step is creating a culture of security and preparedness within the organization. This involves educating employees on the importance of security and the need to be prepared for potential events. This could include providing training on cyber security best practices, developing plans to respond to natural disasters, and setting up protocols for responding to social events or political instability.
Our team of experts can help businesses identify potential risks, assess the likelihood of these risks occurring, and implement measures to mitigate these risks. We can also provide advice on how to create a culture of security and preparedness within the organization. This could include providing training and awareness programs on cyber security best practices, developing plans to respond to natural disasters, and creating protocols for responding to social events or political instability.
Securinc is a leading cybersecurity consulting firm dedicated to helping businesses navigate the complex world of information security. Since our inception, we have been at the forefront of the cybersecurity industry, offering tailored solutions to organizations of all sizes.