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Modern organisations now realise that cybersecurity is a crucial concern. IBM’s 2020 Cost of a Data Breach Report found that the average cost of a data breach today is $3.86 million, and that it typically takes 280 days to identify and contain a breach.
And in light of COVID-19-related changes in workforce structure and an unplanned shift to remote work environments that might not be supported with the right infrastructure, companies became even more vulnerable to attack in 2020.
This is exactly why CISOs need to start taking a risk-based approach instead of only focusing on compliance. In this white paper, we look at the value, best practices and recommendations around taking a risk-based approach to cyber security as well as:
- What “good” looks like for cyber risk management
- Six steps in the business risk assessment process
- The important role of automation in cyber risk management
