5 Rs to Demystify Cybersecurity

Overview

Cyber risk has moved from the IT department to a full-fledged enterprise risk. Unfortunately, a cyberattack can hit a company at any time. There are, however, practical, actionable steps to ensure that when a cyberattack hits, your company and board will be both ready to address the threat and resilient enough to recover from it. Leveraging a flexible and uncluttered framework of readiness, resilience, resources, reporting and results—what we call “The 5 Rs”—is key. Implementation should be tailored to each company’s industry and operations specifics as well as the cyber risk management organizational maturity.

Advisor Thinking