How Does Cyber Resilience Help Organizations Prevent Cyber Threats?

Cybercrimes are increasingly growing in complexity and frequency. Staying competitive in an unpredictable market is what every business contends with. The security of your organization’s sensitive data, network, applications, and critical business operations are ultimately your responsibility and should not be left to chance. Having a robust cyber security resilience strategy in place will help you maintain business continuity before, during, and after a security incident.

CYBER RESILIENCE –A CLOSER LOOK

Provided today’s rapidly evolving threat landscape, cyber resilience has become a determining factor in an organization’s success. It helps businesses fight against cybercrimes, mitigate the risks and severity of the cyber attacks, and ensure business continuity. A cyber-resilient business is well-prepared to deal with cyber security incidents and respond to them quickly and effectively. Before looking for a solution lets learn the difference between cybersecurity and being cyber-resilient.

Knowing the Difference between Cybersecurity and Cyber resilience

Cybersecurity is broad term that entails the practices of securing information in a technology system. Cyber resilience are the strategies that are executed to strengthen an organization’s defenses to stop cybercriminals and malicious programs from compromising its network, data, and IT infrastructure and preventing loss, theft, or financial damage.

While the concept of cybersecurity can be put into practice, 100% protection from cyberattacks is never guaranteed, this is where cyber resilience comes in. Cyber resilience includes a broader scope of strategies and protective measures, including policies, training, and clearly outlining the steps to be taken when a security issue actually happens.

Benefits of Cyber Resilience

A well developed cyber resilience strategy has multiple benefits before, during, and after disruptive cyberattacks:

• Minimized Economic Impact: A cyber-resilient organization is well equipped for cyberattacks and can recover from disasters quicker, resulting in reduced financial losses from security breaches.
• Helps Remain Compliant: Businesses collect and handle large amounts of data, including sensitive customer data and critical business data. Failing to comply with these complex regulations leads to fines, penalties, and lawsuits. A practical cyber resilience framework allows you to evaluate the security status of your organization, recognize loopholes that could result in non-compliance, and fill in the gaps to assure legal and regulatory requirements are met.
• Improved Brand Reputation: A data breach incident can cost your business much more than mere financial losses. It can defame your brand and deteriorate customer trust. Cyber resilience helps position your business as a secure entity that consumers feel safe doing business with.
• Sustained Business Continuity: Cyber resilience helps improve your organization’s security, reducing threats before they happen. Being prepared enables you to run your business with minimal downtime or disruption during and after an attack. A solid cyber resilience program includes:

• hardware and software solution management
• training your staff on best practices
• data policies that outline how information is handled
• physical security measures; cameras, controlled access areas, etc.
• procedures for when a breach has been discovered
• procedures for reporting incidents

Now that you know what cybersecurity and cyber resilience are, are you going to review your information policies and strengthen them? If you need help developing a security policy for your organization, iTSC is available to get you started.