Chap 2: Effect of Cyber Security Risks on Business Continuity and Organizational Performance
From the Book: The Refractive Thinker® Vol XII: CYBERSECURITY


Summary

Cyber security is a highly dynamic space that is constantly growing, encircled by cyber criminals, and increasing in complexity. There is no room for idle time or second guessing. Hundreds of millions of vulnerabilities are being discovered every year and new weaknesses are found hourly, ready to be exploited. Every day, the media report on several organizations that fall victims of cyber attacks. Often times, such attacks result in the loss of intellectual property, theft of organizational data, and compromise of confidential customer information.

Whenever such intrusions took place, the consequences were grave ranging from fines to lawsuits to diminished reputation to ceasing operations. It is an unquestionable fact that cyber criminals are able to breach an organization’s information security assets for extended periods, undetected. Consequently, organizations must evaluate their major cyber risks by implementing intrusion detection and prevention solutions to counter these rising threats, efficiently and cost-effectively.
This chapter included examination of the various cyber security risks facing organizations in different industries and discusses the effect such risks may have on business continuity and organizational performance. Specific mitigation strategies, and recommendations are presented.
Chapter Authors: