Cyber Resilience can be thought of as digital fitness. keeping your business & data safe.
Cyber resilience is the ability of an organization to accelerate its business (corporate resilience) by preparing, responding to, and recovering from cyber threats. A cyber resilience based can adapt to known and unknown crises, threats, adversities, and challenges.
The ultimate goal of cyber resiliency is to help organizations thrive in the face of adverse situations (crises, pandemics, financial instability, etc.).
What is cyber resilience?
Cyber resilience is the ability of an organization to address strategic, financial, operational, and information (cyber) risks in a way that drives business growth, profitability, and sustainable modernization (digital transformation).
Why is maintaining cyber resilience relevant in the era of (COVID-19) crisis management?
With COVID19, companies have reacted and changed in different ways. It has affected a company's workforce, supply chain, liquidity, and many other ways to address risk. Among other things, this includes the transition from traditional channels to digital channels, both during and after the pandemic. Other risk-based opportunities are:
Strategic: Strategic risks can impact the sustainability of an organization. These include geopolitical, business continuity, reputation, trust, competition, regulation, insurance, and legal risk.
Finance: Financial risk impairs liquidity and capital, cash flow, volatility, and solvency, and can affect regulation, tax complexity, and employee outsourcing.
Operational: Operational risk can affect how an organization operates, that is, processes and personnel. These include employee well-being and safety, physical control resolution, supply chain, third parties, business process outsourcing, automation, artificial intelligence, and robotics.
Information and Cyber: These are of paramount importance to cyber resilience, with explosive digital growth, rapid adoption of new technologies, remote workers, SDN attack surface, internal threats, dynamic endpoint risk, and zero trust attack surface.
Pandemics aren't the only thing companies need to build resiliency. COVID19 was a once-in-a-lifetime event, but all sorts of unexpected situations, such as the forces of nature, sudden economic changes, and terrorism (physical or cyber), are a comprehensive disaster to build business resilience. Must be part of the recovery plan.
How does Micro Focus help with cyber resilience?
Micro Focus develops integrated cybersecurity solutions to improve intelligence and cyber resilience and provide massive protection from advanced cyber threats. Understand your ongoing challenges to evolving market needs. Changing security environment; Hybrid IT environment with new and existing device variants. Limited staff, talents, and resources.
Our solution enables InfoSec teams to identify, track, and learn threats through behavioral and pattern analysis using machine learning. Application development teams can use DevOps methods to protect their applications and continuously scan for vulnerabilities. The Data Engineering Unit is empowered to monitor and protect structured and unstructured data. IT security departments can manage identities and access throughout the global infrastructure to enforce policies and procedures to protect critical data and systems. We empower our customers by building a resilient culture and adapting to their needs as they grow, expand and evolve, using insights connected to artificial intelligence as a guide.
How does cyber resiliency enable businesses' resiliency?
Business continuity allows organizations to continue their core business functions in the face of disasters, attacks, or other intrusive forces. In many cases, companies have disaster recovery placed around natural disasters. A good disaster recovery plan includes strategies to maintain cyber resilience during these events and other events that endanger critical systems.
The key to increasing business resilience is to build a crisis “shock absorber” to continue your business, serve your customers, and enable uninterrupted business transformation in the event of a crisis. Digital transformation is a great strategy for strengthening a company's resilience. For example, during COVID19, digital-enabled companies were able to “quickly pivot” to address supply chain issues and customer disruptions and deliver innovative products and services to their customers.
How does cyber resiliency support digital transformation?
Cyber resiliency plays an important role in driving digital transformation (which enables business resilience and continuity). For example, an organization that has cybersecurity built in from the beginning can better promote fast development (agile) and a robust and resilient platform.
Cyber security and cyber resilience
Cybersecurity is the protection of computer systems and endpoints from theft and damage. Although applicable to closed systems, it is most commonly used to refer to the protection f devices and networks connected to the Internet and is often referred to as the "Internet of Things" (IoT). Good cybersecurity is an important element of cyber resilience. Cybersecurity protects the information collected from employees, vendors, and customers. Critical infrastructure and processes. And the intellectual property on which the company is built.
Cyber resilience enables organizations to protect their businesses, reduce their exposure to cyber threats, mitigate the impact of attacks, and ensure their sustainability.