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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