According to Zamani Ngidi, client manager: cyber solutions at Aon South Africa, as organisations grow their footprint – whether nationally or globally – they are also essentially increasing the likelihood of a cyber breach and also its impact, as the amalgamation and expansion of information technology infrastructure exposes an organisation to more points of entry and a larger pool of information which can be exploited.
Ngidi commented on the Aon new report, “Prepare for the expected: Safeguarding value in the era of cyber risk” that gathered views from cyber-focused leaders from businesses in Europe, Middle-Asia and Africa (EMEA).
Aon’s report outlined four steps for building an effective cyber resilience strategy:
- “Take it to the top”: While cyber risk management should be an enterprise-wide concern, final accountability for understanding the costs and consequences of a cyberattack rests with the board.
- “Unite your business”: Cyber risk is a threat to the whole business, calling for a multi-level response that involves every relevant stakeholder.
- “Get ahead of the game”: Businesses shouldn’t wait for a cyberattack to happen before acting. Incident-response training is critical to preparing a business to respond effectively to an attack.
- “Protect your balance sheet”: Cyber insurance can protect an organisation’s balance sheet by providing a financial pay-out after a cyberattack, as well as providing pre-loss and post-loss services.
Click here to read an article about the report on IT-Online.
Click here to download the report.
