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What is cyber-resilience, and how to start implementing it

  • Cyber-resilience is crucial for businesses to minimize the impact of cyber incidents on their primary goals and objectives.
  • It involves anticipating, withstanding, recovering from, and adapting to adverse cyber conditions, according to the WEF and NIST.
  • However, implementing a cyber-resilience strategy poses challenges; only 2% of companies can recover from a cyberattack within 24 hours.
  • Key components include leadership, governance, risk, compliance, people, culture, business processes, technical systems, crisis management, and ecosystem engagement.
  • Commonly implemented measures include backup tools, MFA, and formal response plans, but challenges lie in metrics, changing company culture, and supply chain security.
  • Implementing cyber-resilience requires board-level support, collaboration between CIO and CISO, and allocation of up to 20% of cybersecurity budget to resilience projects.
  • The core cyber-resilience team should be cross-functional, have the necessary authority, and bring in external experts when needed.
  • Cyber-resilience is an ongoing iterative process that spans the entire organization and requires a combination of technical and organizational efforts.
  • Experts stress that cyber-resilience is not a project with an endpoint but a continual process that involves multiple phases.
  • Implementation involves detailed asset inventory, risk prioritization, role definition, incident playbook development, and extensive staff training.

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