For organizations to successfully execute any of the above tactics and achieve their long-term market share goals, business leaders must practice cyber trust. Cyber trust can be supported by a wide range of resources, with education and awareness at the root of it all. Organizations cannot protect what they do not see or understand, so initiatives such as conducting regular security training and creating an incident response plan can help employees feel more supported and informed.
To build an effective incident response plan, the plan must take a holistic approach—focusing not only on the role of technology, but also incorporating the human element. For example, IT system user training can increase employee confidence across departments. Examining the digital layout and structure of internal IT systems can help employees gain a instagram data deeper understanding of where cybersecurity gaps may lie and the unusual places where certain risks may accumulate. Additionally, if the nature of that IT infrastructure is inherently more resilient—such as modern cloud systems that provide redundancy and backups by default—organizations can more confidently navigate the complexities that come with each system.
If there’s one definitive lesson that industry leaders have learned over the past few years, it’s that no two large-scale cyberattacks are the same. Therefore, relying solely on past loss information to inform current cyber insurance strategies will not be enough. Incorporating modern security practices around third-party solution management and data transparency is key to feeling prepared when a cyber storm hits. Access to real-time and historical information can help organizations elevate their strategies to become the most effective. This technology-first approach, while also rooted in human intellect, can support the holistic mindset that organizations need to succeed in their cybersecurity initiatives and ultimately support confident navigation of cyber insurance.