Many of us are really excited about the perspective that technology provides. Hyperconnectivity, Cloud, Artificial Intelligence, Big Data Analytics with Machine Learning, Process Automatization, UserCentric Focus, OmniChannel and the non-stop growth and evolution of e-commerce or the rise of the...
Describing Cyber Security as a risk is a language oddity that keeps appearing at an alarming rate. It is a dangerous and simplistic shortcut: Cyber Security results from the proper application of proportionate Controls to protect an organisation from the Cyber Threats it faces. Cyber Risk results from the absence or inefficiency of such Controls.
Fundamentally, the Board of Directors needs to go back to basics on cyber security matters: Time has now gone to continue approaching cyber security purely from a Risk perspective. Risk is ultimately about “things that may or may not happen”. When it comes to cyber security, the Board should start from the premise that cyber attacks are a matter of “when”, not “if” – and should shift the focus towards understanding and managing what is actually getting done to protect the organisation.
We are coming to a point in many large firms where true “innovation” in the cyber security space does not consist in deploying the latest tools, but in going back to the governance drawing board.