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Business risk management needs cyber security

Curacao Chronicle posted an article on June 6, 2017, about why cyber security is critical in business risk management. Below are some key highlights:

  • The cyber threat picture becomes more challenging with attacks against both public and private sectors organization
  • Your organization has possibly experienced some type of a cyber incident, whether it was a virus infected computer, mail servers bombarded by phishing and spam email or even some variant of malware or ransomware
  • First off cyber security must be viewed by senior management as a business continuity issue and by extension a major risk management concern
  • Cybercrime has become the primary motivation behind cyber-attacks in the Caribbean
  • From a risk management perspective, do you know where your business stands in terms of its cybersecurity preparedness? Do you know the impact of a cyber-attack on your organization? Take for example an account receivable or point-of-sales system being offline due to a targeted attack

 

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