Having a comprehensive cyber security risk management plan in place will not prevent breaches. Rather, it provides an organization with definitive steps on how to respond to any threat – large or small. It may require additional investment in time, money and other resources (or a reallocation from traditional cybersecurity initiatives), and perhaps a cultural shift within the organization in order to be effective. But the end result is that, in the event of a cyber event, the breach will be detected, addressed and nullified sooner, minimizing the size and scope of actual loss as well as the potential fallout and repercussions that come with a delayed or inadequate response or poor preparation. Read More
