What is Cyber Resilience: Components, Benefits and Threats
What is Cyber Resilience It's Components, Benefits and Threats. How cyber resilience can benefit a business, and some common threats you need to recover in today’s fast-paced, digitally connected world.
In today’s hyper-connected digital world, cyber threats lurk around every corner. To overcome these threats, the concept of cyber resilience has become a significant concern for businesses, individuals, and governments alike.
With an ever-increasing number of cyber attacks, it is no longer a question of ‘if’ but ‘when’ an individual or business will get targeted. So, in this blog, we will cover everything related to cyber resilience and how to implement it to improve your digital defenses.
What is Cyber Resilience?
Cyber resilience refers to the ability of an organization to prepare for, respond to, and recoup data breaches and cyber-attacks while continuously delivering intended functionality. The purpose of cyber resilience is to prevent networks from being derailed when their security is compromised, in contrast to cyber security, which is designed to protect networks, data, and systems from cyberattacks.
Read: What is Cybersecurity
In short, cyber resilience allows businesses to adapt to unknown and known threats, crises, challenges, and adversities. With cyber resilience, organizations can continue operations with minimal workflow and process disruption.
Why is Cyber Resilience Important?
Widespread remote work due to the global pandemic, and security challenges for businesses have also increased, heightening the need for actionable and relevant cyber resilience plans. Some of the reasons why cyber resilience is essential are:
Mitigating Financial Loss
Gaining Customer Trust
Adaption To Evolving Threats
Data Protection: Data is considered one of the most valuable assets for businesses, with cyber resilience, organizations can easily protect sensitive information from corruption, theft, or destruction.
Mitigating Financial Loss: If a company suffers from financial loss, it can lead to a loss of stakeholders' and customers' confidence in them. Other than that, cyber attacks can be expensive to recover from. That’s where cyber resilience comes to the rescue, it minimizes financial losses by minimizing legal fees, data breach fines, and recovery costs.
Business Continuity: Cyberattacks are bound to create chaos across businesses by disrupting normal processes, leading to reputational damage and financial loss. However, by implementing cyber resilience measures organizations can strongly withstand disruptions and maintain business functions.
Gaining Customer Trust: Businesses that comply with international management standards assist information security management systems to easily manage the security of assets such as intellectual property, financial information, employee details, and more.
Adaption To Evolving Threats: There is a constant evolution in cyber threats. It is easier for an organization to adapt to new types of attacks and emergent risks if it has a cyber-resilient structure.
Components of Cyber Resilience
Now that we have a better understanding of what cyber resilience is and why it is important, let’s look at the components that act as its backbone.
Cybersecurity: One of the core components of cyber resilience is nonetheless cybersecurity - a practice of protecting servers, networks, systems, and computers from malicious attacks or unauthorized access. Using robust tools, cybersecurity teams can help protect the IT ecosystem of an organization using robust tools for monitoring, identifying, shielding, and responding to cyberattacks.
Business Continuity: It refers to an organization’s capability to maintain operational viability and deliver services shortly after the short-term business disruption. Simply put, business continuity is the readiness of an organization to maintain its function after a disruption caused by security breaches.
Risk Management: It refers to the continuous process of identification, analysis, evaluation, and dealing with vulnerabilities followed by a coordinated app of resources to monitor, control, and minimize the possibility of security threats while maximizing opportunities.
Disaster Recovery: Disaster recovery refers to a set of tools, policies, and protocols deployed by a business to keep mission-critical functions running. It defines the ability of a company to restore access and functionality of its IT infrastructure after natural or human-caused disasters.
Common Cyber Resilience Threats
Some of the cyber resilience threats that businesses are more likely to encounter are as follows:
Hacktivism is one of the most common cyber resilience threats that an organization has to overcome. The term ‘Hacktivism’ is derived from two words i.e., Hack and Activism. It refers to the act of hacking into computer systems as a form of civil disobedience to promote a social change or political agenda. Some of the common hacktivism threats are DoS and DDoS attacks, Anonymous blogging, Website defacement, Website Mirroring, RECAP, Leaking Information, etc.
Cybercrime refers to any sort of criminal activity that involves computers or the internet to spread malware, viruses, illegal images, or illegal information. These offenses are usually committed against groups or individuals to harm their reputation, cause mental or physical harm, etc. Some of the common cyber crimes are Ransomware, Identity Theft, Denial-of-service Attacks, Phishing, Cryptojacking, Cyberstalking, etc.
Also known as cyber spying, cyber espionage refers to the act of gaining sensitive information or secrets without the knowledge and permission of the information holder through the use of Trojan horses, proxy servers, spyware, etc.
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FAQs: What is Cyber Resilience
What is meant by cyber resilience?
Cyber resilience refers to the ability of an organization to prepare for, respond to, and recoup data breaches and cyber-attacks while continuously delivering intended functionality.
What are the pillars of cyber resilience?
Cybersecurity, Business Continuity, Risk Management, and Disaster Recovery are the four pillars of cyber resilience.
How to build cyber resilience?
To build cyber resilience for your business, you need to discover where threats can come from, plan to manage attacks, and have visibility to easily adapt to future threats.