Adapting to new threats with proactive risk management
This newsletter highlights the growing threat of cyberattacks and system failures to businesses, emphasizing the need for proactive risk management. It cites several real-world examples of costly disruptions caused by software glitches and ransomware attacks, advocating for a shift from reactive to preventative security measures. The content is sponsored by Hitachi Vantara and promotes downloading their report on adapting to new threats.
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Increasing Interconnectivity and Vulnerabilities: Digital systems are deeply interconnected, making them vulnerable to widespread failures from single points of error.
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Rising Sophistication of Cyberattacks: AI-driven malware and malware-as-a-service platforms are making cyberattacks more damaging and harder to defend against.
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Financial Impact of Downtime: Unplanned downtime can cost Global 2000 companies an average of $200 million per year, not to mention damage to reputation and productivity.
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The CrowdStrike incident in July 2024, which caused over $5 billion in losses, exposed the brittleness of many companies' digital systems.
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The traditional approach to cybersecurity, focused on detecting incidents after they occur, is no longer sufficient.
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Companies need to adopt proactive security measures and use intelligence to make their systems and businesses more resilient to future threats.