It is in this dynamic and sensitive context that we are helping companies to design new cyber strategies, by providing managers with tools that will enable them to better assess their organisations’ exposure to risk, their ability to deal with an incident and help them to find new performance levers.
Educating managers about cyber risks
Cybersecurity must be an integral part of a company's strategy. The issue has become crucial because of the multidimensional impact that a cyberattack can have. More than just blocking a computer, the entire business can be wiped out, leading to major financial losses and an impact on the company's image and reputation.
In an age of total transparency and constant accountability, companies must respond to financial and societal pressures, as well as to the need for greater compliance. They also need to protect their intangible assets - the data they hold - with effective and appropriate cybersecurity measures, including risk analysis, encryption and strong authentication.
To achieve this, it is the responsibility of managers to understand the nature and value of what they need to protect, to be aware of the type of risks and threats that their company is and could be facing, because every company is unique, and, finally, to implement a genuine cyber protection strategy supported by all employees.
Executive committee members are overloaded with information. They have to make decisions and trade-offs quickly and accurately, while the pressure is on. As a result, we need to provide CIOs with easy-to-understand tools and key indicators, so that they have the key elements to highlight, so that they can focus the attention of senior management on assessing their risks, their assets and, therefore, their needs in order to become cyber resilient.
It is, therefore, essential to map cyber risks dynamically in order to define the protective measures that need to be deployed immediately, as well as the adjustments that need to be made in response to changes in the risks and in your situation. The current crisis has led to a rethink of our business models. This means that we need to redo all our risk analyses, and cyber risk in particular, because many companies have introduced remote working without preparing for the opening up of their systems. This has created loopholes that cybercriminals are bound to exploit.
The growing importance of cyber resilience
Businesses have entered a new digital dynamic, accelerated by the pandemic. It’s an opportunity for all of us to build a resilient digital future. Businesses need to embrace this new mindset. The current situation has shown us that we are capable of doing so. To ensure resilience, companies need to develop sound methodologies based on a comprehensive risk analysis. With our proven skills in developing frameworks, we aim to be a facilitator for companies wishing to develop their cyber resilience capabilities. This holistic approach will provide decision-makers with the information they need to make informed decisions, using simple, intuitive and clear indicators to help them make the right investment choices and allocate resources. Cyber technology should be seen as an investment, not a cost. ‘Implementing cybersecurity tools can prevent heavy financial losses, data theft, etc., which can affect a company's image and reputation in the eyes of customers and investors alike. Cyber resilience is, therefore, a tool for building trust that can be usefully developed and leveraged.
