Chart your secure cyber path

Cyber threats are only becoming more sophisticated, and organisations with ambitious growth goals will find themselves increasingly at risk, both as targets and as channels to get to other targets. As digital supply chains and tech surfaces grow, so does the cyber risk landscape, and so does the possible impact of cyber incidents on business continuity and resilience.

With more and more cyber security regulations being introduced globally, such as DORA and NIST 2.0, many businesses are understandably focused on achieving compliance, rather than futureproofing their business. However, a compliance-based approach alone could leave them vulnerable to threats that may be unique to their own contexts and supply chains, which have the potential to be just as devastating to the business.

Cyber security is a crucial part of due diligence, and it goes beyond a compliance checklist. Anton Yunussov, Head of Cyber Advisory Practice, Forvis Mazars, UK says:“You can’t protect everything at the highest level without impeding business, so it’s important to understand what your crown jewels are so you can protect them above all else.”

So, in the face of ever-mounting cyber risk, how can businesses reduce risk, evolve their digital supply chains and build resilience?

Securing digital supply chains

Find out how to chart your path to cyber security in our 2024 report.

This report details how a risk-based approach to cyber security – combined with investment in cyber teams and initiatives – allows businesses to build better business resilience by:

• Defining cyber security requirements in a specific, contextually appropriate way
• Pursuing compliance in a way that also supports business goals
• Incorporating cyber security into procurement and due diligence processes
• Facilitating better collaboration between IT/security teams and the wider workforce
• Creating business metrics to articulate the cost and value of cyber security at every level
• Turning cyber security into a competitive advantage

As cyber incidents increase in both frequency and impact, it’s only a matter of time before most businesses become involved in one. With the right approach and support, businesses can reduce downtime and the overall impact of these incidents, maintaining business continuity and reinforcing their reputation within the market.

“Cyber security should be a business enabler and a competitive advantage, not a blocker to doing business”, says Sandeep Sharma, Head of Cyber Attack and Defence, Forvis Mazars, UK.

For more support on your cyber journey, contact our global cyber security experts.

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