Trends like AI, cloud, and work from home create new challenges and opportunities for SMB companies.
CYBER RESILIENCE MUST EVOLVE TO KEEP UP AND KEEP COMPANIES SAFE.
Statistics show that cyber threats are evolving, becoming more sophisticated, stealthy, and powerful.
According to IBM’s Cost of Data Breach 2022 report , a data breach costs companies an average of US$4.35 million. In some cases, the total is much higher.
Small to mid sized businesses (SMBs) are likely more exposed to attacks. One reason is that smaller organisations likely have fewer in house cyber resources and less budget than large enterprises.
To navigate the changing threat landscape, companies must develop their approach to cyber resilience. The starting point is to recognise and accept total prevention of cyber risks is not possible. Cyber impacts can occur, and companies should work proactively to minimise the potential for breaches and the effects of successful attacks. This is at the core of improving cyber defencecapabilities and confiden tly managing cyber risk.