Cyber security has jumped to the top of companies' risk agenda - the question is no longer 'if' you will be attacked, but 'when.'
Number of personal data records stolen by cyber criminals
According to Juniper Research,cybercrime will cost global businesses an astounding $8 trillion + from 2017 to 2022
Average economic loss due to cyber attacks
Average economic loss from attacks on large enterprises is $10.3 million. Mid-sized organisations suffered economic loss worth $11,000 per attack, on average
Traditional approaches to cyber risks have failed
The answer lies in
Cyber Resilience
Start seeing Cyber Risk through a whole new approach, covering all types of risks:
Technology Risk
Operational Risk
Fraud Risk
Reputational Risk
An MNC gas major embedded cyber resilience into business strategy:
A leading Indian IT consulting and product engineering services firm reduced malware attacks to nearby zero percent by implementing a three-pronged approach:
Cloud-based threat monitoring and analytics to nullify attacks like zero-day exploits and malware
A magnifier behavioural analytics tool to detect (and neutralise) hidden network threats
Contextual threat intelligence service to speed up threat monitoring, analytics and prevention
A young Indian bank devised a cyber security approach advocated by global financial regulators. It deployed a comprehensive Cyber Security Maturity Model (CSMM) encompassing:
