What Does It Mean to Be Cyber Resilient?

What Does It Mean To Be Cyber Resilient

In a digitized world where cyberattacks are growing at an alarming rate every day, it is hard to imagine how running a business without a cyber resiliency strategy will be. With the shift of business operations to the hybrid environment, cyberattacks have continuously plagued businesses, and with new cyberattack trends and techniques coming up, no business is safe. 

According to a 2021 Statista report, 23% of Canadian organizations anticipate a significant yearly increase in ransomware attacks in 2022, and in 2022, malware attacks were projected to increase by 43% compared to 2021. Another report stated that successful cyberattacks affected over 78% of Canadian organizations in one year. 

As a result of these reports, businesses are constantly looking for ways to battle cyberattacks; that is where cyber resilience comes in. Being cyber resilient allows you to prepare ahead and effectively respond to and recover from the attack. Continue reading to find out what it means to be cyber-resilient and protect your core business functions.

What is Cyber Resilience?

Although not specific, cyber resilience is built over a period of time and refers to how a business prepares to deal with vulnerabilities and threats.

Cyber resilience is the ability to foresee or expect, respond to, and quickly recover from cyber security incidents. In simple terms, cyber resilience means a business’s ability to carry on with its business operation despite facing a cyberattack, breach, or data loss incident.

Cyber resilience focuses on what happens when various cybersecurity measures fail. Resiliency takes into consideration when the business operations rely on the technologies, where important data is stored, and how those areas will be affected by disruptions.

No matter the case, being cyber resilient in your business can effectively reduce the disruptions with cyber incidents.

The Goal of Cyber Resilience to Your Business

The goal of cyber resilience to your business is to help you effectively manage, reduce, and quickly recover from cyberattacks with little to no damage to your business. Not only does it allow you to defend against known cyber crises and threats, but it also ensures you survive and thrive in the face of unforeseen and unpredicted potentially harmful situations.

Also, with a cyber resilience strategy in place, your business functions remain unhindered even in the face of a threat or breach.

Why You Need Cyber Resilience

One reason your business needs to pay attention to being cyber resilient is to avoid various damaging and disastrous incidents that may occur. 

If threats and malicious actors target your business, it is likely that your business network will be compromised. That is why you have to be ready to persevere through the attacks. Cyber resiliency allows you to do that.

Building cyber resiliency in your business architecture will reduce the probability of a successful cyber attack and minimize the damage if the attack is successful.

Importance of Being Cyber Resilient

Here is the importance of your business being cyber resilient

  • Keeping customer information safe

No matter what your business is into, you have customers whose data is stored in your database. As a result, you are responsible for the safety of the data. Being cyber resilient ensures all data are kept safe, and in the case of an attack, you are prepared and ready to keep your customers’ information safe.

  • Reduces losses

Regardless of the IT protection plan you have in place; the fact remains that there is a possibility that it can be breached, leading to data and financial losses. Being cyber resilient ensures that the impact will be reduced in the event of a successful attack, as well as the data and financial losses.

  • Maintaining business continuity

A breach or a cyberattack can weaken a business and slow down its operations or, in a worst-case scenario, cause the business to close down. Being cyber resilient ensures business continuity and that you are prepared in the case of a malware, virus, or ransomware attack to protect your business from unwanted interruptions and get the operations back on track with little to no downtime.

  • Gaining customer’s trust

Being cyber resilient helps in building customers’ trust in your business. They believe you have solid safety measures and are conscious of always protecting your data.

Is Your Business Cyber Resilient?

There is no one answer to this question. Although you may already have various systems in place to help counter cyberattacks and threats; however, having a cyber resiliency plan will ensure you are adequately prepared and ready to minimize the damage.

Here’s a list of questions to assess your business’s readiness for a cyberattack or threat.

Prevention

  • Are your security software and data protection solutions up to date to prevent attackers from gaining access to your systems?
  • Do you have the right tools to detect when a cyber threat is about to happen before it executes?
  • Do you know of the gaps that have caused breaches or cyberattacks on other businesses in your business? Have those gaps been sealed?

Protect

  • In the event of a breach or cyberattack, do you have what it takes to stop the spread without affecting your business operations?
  • Can you identify the infected or affected devices or servers and isolate them, so they don’t affect other devices?

Respond

  • Do you have the right strategy or techniques to respond to a cyberattack?
  • Do you have the right automation tools to get back on track after an attack?
  • Do you have the tools to retrieve and recover lost data?

Answering these questions will help you build a solid protective system and become cyber resilient.

How Does Haxxess Assist with Cyber Resilience?

Through a multi-layer approach, we incorporate cyber security solutions to enhance protection against cyberattacks using cyber resilience approaches. To be cyber resilient, send us a message or reach out to us at 705-222-8324.

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