Cyber resilience essentially brings the areas of information security, business continuity and resilience together. At its core, cyber resilience is the ability to prepare for, respond to, and recover from cyberattacks. On a broader level however, cyber resilience speaks to the need for business to be flexible and responsive to constant change.
According to the cyber security news website; IT Governance, in May 2019 alone, a total of 1,4 million records were compromised – bringing the annual running total to 7.28 billion. Just some examples of recent breaches and hacks reported by IT Governance during the month of May include:
• WhatsApp users being urged to update their apps after serious security vulnerability was discovered.
• Singapore’s Red Cross website was hacked which caused 4 000 records of blood donors details to be compromised.
• A database containing 49 million records of Instagram’s top influencers contact details were found online.
• Vulnerability in Japan’s Tommy Hilfiger database exposed 1 million records of customer’s data.
• TeamViewer confirmed undisclosed data breaches since 2016.
• Burger King’s online store for children exposed 37 900 records of customer info.
• Top-tier Russian hacking collective claimed breaches of three major anti-virus companies.
These cases have shown that being resilient in cyberspace is essential to the growth and sustainability of organisations. Companies need to constantly innovate and find ways of securing their assets and have measures in place if they are exposed to threats.