Risk mitigation and protection: cyber-resilience and cyber-insurance
By Richard Frost, Head of Consulting at Armata
Protecting the organisation from cyber-risk goes beyond the digital walls surrounding it – companies need a multi-pronged approach to ensure resilience and reduce risk, explains Richard Frost, Head of Consulting at Armata Cyber Security.
The International Monetary Fund (IMF) describes an organisation’s active commitment to securing both its digital perimeter and financial assets as fundamental to reducing risk to company solvency. Right now, cyber security is so volatile it presents a significant, ongoing threat to financial stability. The Global Financial Stability Report found that the cost of the cyber-incident is now sitting at $2.5 billion – a price tag that includes repairing and protecting against the damage caused by the incident...