From the WannaCry ransomware storm of 2017 to the infamous SolarWinds hack of 2019, to 2023’s MailChimp hack, cyber risk is a concern for every company. Multinationals and small and medium enterprises alike are now equally likely to suffer from phishing, code injection attacks, insider threats, and DNS tunneling.

The good news is that as cyber threats grow, CEOs are increasingly emphasizing building resilience to minimize business disruption while prioritizing strategic cyber risk management.

In the past, many companies have purchased a variety of cybersecurity tools to solve specific threat problems but lack a comprehensive cybersecurity strategy. Today, they are looking to scale and mature their existing frameworks and identify gaps in their practices. In this process, many companies have realized they lacked the in-house cybersecurity expertise and maturity to develop comprehensive cybersecurity programs, or to create future-state assessment roadmaps.

Today, companies also need to think about defence mechanisms for both in-office and remote workers, while ensuring stringent compliance with cybersecurity standards.