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  • Writer's pictureSophie Phelan

Cyber Resilience remains a key business consideration

This month, The FT is hosting its Cyber Resilience Summit. The summit is the second of its kind hosted by the newspaper, and follows the successful launch in 2022. The three-day event will be bringing together business leaders from all sectors across Europe to explore why cyber resilience is a critical business priority.

According to Accenture, ‘the world in 2023 has shifted and cybersecurity is shifting with it’. Societal and entrepreneurial desire to transform and embrace innovation more quickly and frequently is prompting companies to use their cybersecurity strategies as a differentiator to deliver better business outcomes. Cyber resilience continues to be a key priority for businesses operating in the financial space, and this will continue to gain traction as forms of attach become ever more complex to mitigate or manage.

The FT’s summit will be seeking to address key opportunities and obstacles that arise when seeking to secure this cyber resilience as a positive business outcome, or strategy. Key questions and themes that will be explored at this event include: ‘what does good digital governance look like?’ and ‘how are regulators changing their approach to cyber risk and responsibility and what does this mean for business?’. Other key themes include an exploration of how a volatile political climate increases the risk of a cyber insecurity and whether boards and senior management in any firms are equipped with the necessary tools and skills to be able to adapt to a changing and challenging threat landscape. Key concerns include the increasing risk of insider threats and how businesses can also manage vulnerabilities within their supply chains.

With so many questions to be debated and explored, what is clear is that cyberattacks are not lessening or becoming easier to manage. A robust cyber strategy is no longer an IT consideration or nice to have for business, but instead it is a vital component of business ‘business continuity, corporate reputation and organisational success’, the FT further commented with regards to assuring cyber resilience.

At Alternit One (A1), cyber resilience is a critical business outcome for our clients whom we work alongside in their cybersecurity strategies making this goal a reality. We understand the importance of good digital governance and designing data management strategies that adhere to regulatory requirements and investor demands.

Digital tools have empowered financial institutions and provided companies with a number opportunities to increase their overall productivity. Today, companies have widespread access to information and have never been so connected. However, the same digital technology must remain accountable and ethical. Unethical organisations that are not accountable exploit digital tools and use them to pursue their own interests, placing companies at risk to data breaches and cyberattacks. Due to this, true cyber resilience demands good digital governance whereby companies are held accountable for how they use and access their data. We work with companies to design a cybersecurity strategy that adheres to best practices, delivering on good digital governance whilst remaining compliant to regulatory demands.

We know that cyber resilience is a key priority for business leaders and at boardroom level. We take a holistic view of our clients overall business goals and ensure that their cybersecurity strategy works holistically with their day to day business requirements. We know that no two businesses are the same, and we embrace a listening first approach to our clients to optimise cyber resilience. If you would like to learn more about how A1 can help your business develop best practices when it comes to cyber resilience, contact us today.

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