Enterprises must build effective cyber resilience through a risk-based strategy and coordinate initiatives to support it. A collaborative approach led by executives extends across the organizational ecosystem, reaching partners, supply chain participants and customers. It must proactively manage risks, threats, vulnerabilities and the effects on critical information and supporting assets, while also strengthening overall preparedness.
Successful cyber resilience also involves governance, risk management, an understanding of data ownership and incident management. Assessing these characteristics also demands experience and judgment.
Furthermore, an organization must also balance cyber risks against attainable opportunities and competitive advantages. It must consider whether cost-effective prevention is viable and whether it can achieve rapid detection and correction with a strong short-term effect on cyber resilience.
To accomplish this goal, an enterprise must find the right balance between three types of controls: preventive, detective and corrective. These controls prevent, detect and correct incidents that threaten an organization’s cyber resilience.