Intelligent CIO Middle East Issue 33 | Page 22

LATEST INTELLIGENCE WHAT EVERY BUSINESS LEADER SHOULD KNOW ABOUT CYBER-RISK PRESENTED BY Download whitepaper here A s a non-profit professional association with 125,000 certified cyber, information, software and infrastructure security professionals, (ISC)2 and its members are working to raise awareness of what occurs on the front-lines of cybersecurity practice to ensure a safer and more secure cyber world. This paper shares their perspective on five fundamental areas that will help businesses take back control of cyber-risk and be better prepared for the unknown. Introduction: Cyber-risk is a business risk Businesses and organisations have as a result found themselves dependent on new capabilities long before they have developed a clear understanding for how they are leaving them vulnerable. 22 INTELLIGENTCIO For most organisations, whatever their size, cybersecurity has been a consideration. Preparations, however, are not standing up to the test of a real- world cyber-attack or reflecting the impact being felt. This is because information and cyber-risk remains poorly understood outside of the information security profession, limiting the commitment and ability to robustly quantify the risks. High-profile examples of incidences demonstrate this daily, while companies are increasingly exposed to harsh press and regulatory scrutiny: Recent attacks forced the cancellation of non-emergency treatment across many NHS Trusts; Tesco Bank customers were defrauded of £2.5 million; Chrysler was forced to recall 1.4 million hackable cars and there are many other examples that can be cited. www.intelligentcio.com