Business continuity “has defined role with cyber resilience strategies” asserts BCI

Business continuity has a defined role with cyber resilience strategies, and it has become intertwined with cyber security for threats requiring co-ordinated responses across organisations’ departments. This is one of the key findings of the 2018 Cyber Resilience Report, which has just been published by the Business Continuity Institute (BCI) in collaboration with Sungard Availability Services.

Since the first publication of this report, there has been an increase in the number of cyber attacks and the development of new cyber threats with the potential to cause major damages to organisations, including severe financial and reputational impacts at a scale threatening their very existence.

The financial cost of cyber attacks is growing. This isn’t a surprising result after the events that occurred last year, where large-scale cyber attacks cost organisations worldwide millions of Euros.

Reputational damages are also of major concern. 66% of respondents consider reputational damage as the most concerning trend when it comes to cyber security incidents.

Moreover, cyber security incidents cannot be considered exclusively non-physical episodes any longer. 46% of respondents consider cyber attacks with physical security consequences as one of the more concerning trends.

The cyber threat landscape today is highly complex and rapidly changing and it has become clear that business continuity plays a key role in responding to an incident and ensuring that a given organisation is able to manage any disruption and prevent it from becoming a crisis.

According to this year’s survey results, business continuity remains key to building cyber resilience and there’s the need for it to collaborate with Cyber/Information Security Departments to improve the way in which organisations deal with disruptions caused by cyber security incidents.

David Thorp, executive director at the BCI, commented: “The best way to protect organisations from one of the greatest threats of our times is to invest in people and preparedness. Investing in training and collaborative strategies should be at the heart of any plans aimed at mitigating cyber attacks and ensuring a fast recovery.”

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.

Related Posts