Sizing Up Your Cyberrisks

Over the past decade the costs and consequences of cyberbreaches have grown alarmingly. The total financial and economic losses from the 2017 WannaCry attack, for instance, were estimated to reach $8 billion. In 2018 Marriott discovered that a breach of its Starwood subsidiary’s reservation system had potentially exposed the personal and credit-card information of 500 million guests. Hackers seem to keep getting more effective. But in our experience as consultants to clients across the globe, we’ve found another reason that companies are so susceptible to threats from hacking: They don’t know or understand their critical cyberrisks, because they’re too focused on their technological vulnerabilities. ()

article from HBR.Org (read)

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