As organisations realign their operational models in the wake of the pandemic, several industries have introduced a prolonged remote working model, which could last beyond the first half of 2021.
These new working models have enabled a more globally connected infrastructure, which has driven the volume of data being generated across borders, industries, and organisations. Unfortunately, this has meant that cyber risk has increased as criminals exploit every opportunity to commit cyber crimes against individuals and businesses alike.
During this current period, business leaders have a heightened level of awareness in respect of potential elements which could create further risk to operations, reputation or which may generate further costs to the business.
Whilst cyber-crime is a prevalent challenge for management teams, board members must pay further attention to cyber security which was further validated in a recent poll where 86% of respondents from Saudi Arabia believe that cyber security should be a priority for board members.
Cyber risk-management, across people, processes and technology, is now a fundamental for every business striving to grow and prosper in a connected, digital world. No business – whatever its size or sector – is immune. Boards have a key role to play in ensuring an effective strategy is in place. This report [ 8842 kb ] explains why and how.