Can there be any doubt that cyber attacks have become one of the great difficulties for organizations everywhere?
Here’s a great quote attributed to Winston Churchill:
A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.
CFO magazine recently published an article entitled For CFOs, Cybersecurity Risk Is Like an Iceberg.
I really liked how author Jeffrey Burchill highlighted the competitive opportunity available to companies who are prepared for a data breach. They will either avoid massive business disruption or bounce back quickly from exploited cyber vulnerabilities:
Although a supply chain disruption may not be your fault per se, that fact doesn’t protect you from the repercussions. Smart companies will shore up risks throughout their supply chain so that they can sail through potential disruptions or bounce back before competitors. These are the companies whose reputations grow – as does their market share, revenue and shareholder value – during turbulent times. Unprepared companies suffer the opposite fate.
Want more details about crimes that are actually being committed to steal personally identifiable information (PII)? Visit the DataLossDB.