Cyber Security & Resilience
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Why Cyber Resilience is Important?
Mitigating financial loss
Financial risk mitigation is the management of risk to reduce it by decreasing risk factors or eradicating them. It could lead to a loss of trust from company stakeholders, such as investors, shareholders, employees and customers. So, mitigating financial loss is one of the major responsibilities here.
Gaining customer trust and business
To attract customers and conduct business, some organizations comply with international management standards, such as ISO/IEC 27001 provided by the International Organization for Standardization. ISO/IEC 27001 provides requirements for an information security management system (ISMS) to handle assets security such as employee details, financial information, intellectual property or third-party entrusted information.
Increasing competitive advantage
The purpose of having a competitive edge is to discern a company from its competitors by presenting something different and of exceptional value to its customers. Cyber resilience provides institutions with a competitive edge over companies without it. Enterprises that create management systems based on best practices. And as a result, these systems produce value for their customers.