Why Cyber Security is Important?

Based on findings from the Allianz Global Risk Barometer 2022, which is based on 2,650 risk management experts from 89 countries and territories, own analysis show that during the last 7 years, cyber incidents have increased by annually 4% (CAGR), followed by natural catastrophies (3% CAGR) (Vieweg, S. (2022): Resilience Best Practice. “It is not the question whether a cyber attack will happen. The key question is on the impact such an attack will have upon an organization. Preventive measures are crucial on the latency of reaction and recovery. Such latency is merely defining the effectiveness of any organizational resilience and its way to recover.” (Vieweg, S. (2022): Resilience best practice.)

Cyber risk is a very broad field, though reasonable frameworks and recommended procedures exist., e.g. from ISO 2700x, NIST, and many other frameworks. The challenge, though is to pick and implement measures in a consistent and effective way. Here, many organizations struggle, as own cyber case research demonstrates. As member of the world leading independent audit institution ISACA and FAIR Institute on quantitative risk measurement, we offer – based on best expertise – diligent assessment of our clients organizational risk pattern and help them on a relentless cyber security journey by providing them Cybersecurity trainings and courses

Cyber Security Services

it is paramount that managers understand their organization’s vulnerability as a first step and then to take perventive measures that fit to the risk appetite of the organization: don’t forget, there will never be a 100% risk-free situation. Building a Information Security Management System (ISMS) with proper structure AND operationalization will help minimizing such residual risk.

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