Cyberthreats are becoming increasingly sophisticated and global, and organizations are at greater risk for cyberattacks that can significantly impact business continuity and resilience. As digital supply chains are expanding and tech surfaces are becoming more and more complex, the need for robust cybersecurity has never been more critical for business growth.
While many U.S. organizations have compliance mandates such as FFIEC, PCI, HIPAA, and GDPR, which can lead to improved security posture, compliance alone will not safeguard your business from many current threats. In this evolving landscape, how can your business reduce risk, secure its digital supply chains, and build resilience for the future?
“If you don’t quantify cyber risks for technology solutions, you could lose the entire ROI you’ve built with them and more. That cost potentially far outweighs the efficiency you’ve gained.” – Paul Truitt, Partner & Cyber Practice Leader, Forvis Mazars US
To learn how to begin your cybersecurity journey, download our 2024 report: Securing Digital Supply Chains: How Cybersecurity Drives Resilience in Business Transformation. This report details how a risk-based approach to cybersecurity—combined with investment in cyber teams and initiatives—allows businesses to improve business resilience by:
- Defining cybersecurity requirements in a specific, contextually appropriate way
- Pursuing compliance alongside business goals
- Incorporating cybersecurity into procurement and due diligence processes
- Facilitating better collaboration between IT/security teams and the broader workforce
- Creating business metrics to articulate the cost and value of cybersecurity at various levels
- Turning cybersecurity into a competitive advantage
As cyber incidents increase in frequency and impact, it’s only a matter of time before most businesses experience one. With the right approach and support, businesses can reduce downtime and the overall impact of these incidents, maintaining business continuity and reinforcing their reputation within the market.
If you have questions or would like more information about how to protect yourself against potential cyber risks, read our related FORsights™ below or contact a professional at Forvis Mazars today.