Advancing Cyber Risk Management: From Security to Resilience

Since 2017, risk experts have consistently ranked large-scale cyber attacks and data fraud among the top five mostly likely risks around the world. Despite growing anxieties about cyber threats, cyber resilience strategies and investments continue to lag.

Globally, the time taken to discover a data breach has considerably lowered since 2017, but organizations in the Asia-Pacific region took four months longer than the global median. Internet users are growing 10 times faster than global population, exponentially increasing the surface area of attack.

For example, in 2018, the total cost of cyber crimes grew by a third compared to 2016, to $600 billion, but investments in cyber security only increased 10 percent over the same period.

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