In a recent survey, nearly 60% of enterprise respondents experienced a cyber breach. Cyber breaches can significantly impact an organization. In 2017 alone, the average global cost of a cyber breach was reported at $3.62 million. These costs include significant financial loss, reputational damage and possible legal ramifications which often continued long after the breach had been remediated and operations returned to normal.
Even when organizations are well versed on the consequences of cyber breaches and not adhering to security regulations, they often struggle with identifying, prioritizing and managing cyber risks and evaluating their organization's ability to detect and respond to a cyber attack. Information technology (IT) departments can’t do this alone. As cyber-attacks become more prevalent, senior executives must ensure the adequacy and effectiveness of their cyber risk management processes and IR capabilities.
This playbook is intended to help executives proactively develop and evaluate processes that strengthen their organization’s cyber security posture.
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