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Cyber Risk Management maturity during digital transformation is associated with enhancing brand trust and reliability. Recovery from disruptions during COVID-19 pandemic has been slow and sporadic. Targeted and accelerated digital transformation initiatives can bring back company stature and relevance by adjusting to reduced budgets, shifting resources to diversify revenues and speeding IT modernization to enhance digital resiliency.
Threatening to halt this recovery are the ever-increasing successful security attacks across industry verticals, notably sensitive information disclosures, phishing, ransomware, and routine system availability failures. Companies of all sizes are exposed to these threats but few are equipped to provide rapid response. How prepared is your company?
Here’s the list of fundamental cyber risk management imperatives to accelerate digital transformation recovery.
Implement Modular Strategy
Delays in risk management decisions during digital transformation rollout are often due to management misalignment on cyber risk accountability. Companies should stop associating cyber risk as a technology function and realign it with the objective to improve timely and adequate response to security events. Constant discovery of security weaknesses and exploits caused by opportunistic threat actors during COVID-19 recovery makes this realignment even more critical and urgent.
Dismantling monolithic cyber security and compliance activities, and replacing them with …
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