Trends and Key Recommendations for 2019
18 April 2019
Original content provided by BDO Switzerland
As noted by the top ten trends in cyber security, the risk of a massive cyber breach negatively impacting a company’s reputation and market value is ever increasing. Thus, all companies need to fully understand the value of the information assets they possess, the cyber security related risk of a data breach, and then factor the benefits and risk variables into their respective business equation. Once all of the aforementioned actions are taken, then informed business decisions can be made by the C-Suite and company board of directors to mitigate potential negative impacts of a cyber breach and the post breach consequences.
Said simply, spending thousands of dollars on some or all of the key cyber security recommendations, including: conducting email and network threat assessments, performing vulnerability assessments and penetration testing, implementing spear- phishing testing, and providing cyber security educational programs could all serve to reduce your cyber vulnerabilities, which would significantly reduce the impact of a data breach, thus saving millions of dollars.
Please refer to Anzor Mekhrishvili with your queries on the matter.