The rapid evolution of technology, and its integration into nearly every aspect of business, brings unprecedented opportunities for productivity, innovation, and growth. But it also drastically changes the attack surface that can be exploited by more complex and sophisticated threats in an unprecedented manner. These threats are exacerbated by various ongoing macroeconomic and geopolitical trends that are leaving critical infrastructure vulnerable to security risks.
From ransomware and malware, to phishing and insider threats, to supply chain attacks and deepfakes, cyberattacks pose significant danger to organizations. It is an established fact that a malicious attack can disrupt operations at scale, cause substantial financial and high-value intellectual property (IP) losses, and fracture customer trust. According to the KPMG Risk & Resilience Survey, executives ranked cybersecurity as the top risk for the next five years and the #1 risk area needing improvement .1
In today’s digital and connected world, traditional cyber defense mechanisms are not robust enough to protect organizational value. A multidisciplinary approach to cybersecurity is needed to sustain enduring business resilience. This approach requires collaboration across various functions within the organization, including cybersecurity executives, technology risk managers, risk managers, compliance officers, legal counsel, and internal auditors.