Cyber Strategy & Transformation

Implement a Business-Aligned Cyber Risk Strategy

The ability to innovate, to use new technologies, and to grow securely requires a business-aligned cyber-risk strategy driven by an organisation’s executive leadership.

Challenges

Cyber is a strategic business risk that will continue to impact every facet of every organisation.

As the world becomes more connected, cyber threats are growing in number and complexity. Cyber is moving in new directions - beyond an organisation’s walls and IT environments and into the products they create, the factories where they make them, the spaces where their employees conceived of them, and where customers use them. It’s at our work, in our homes, and in our lives.

There is no reward without risk — and this, in a world where digital technology is vital to all aspects of business, is especially true of cyber risk. With cyber risk being an unavoidable part of doing business today, the ability to innovate, to use new technologies, to accelerate performance and to enable growth is impacted by an organisation's ability to manage its cyber risks.

As with all risk, cyber risk must be managed with an eye to the organisation’s risk appetite. But when managed from the perspective that risk powers performance, cyber risk begins to take on a different flavour. Far from always being undesirable, it emerges as a thing to be consciously taken, an inevitable concomitant of growth. Leadership’s task is to enter into situations that entail cyber risk with its eyes wide open so that understanding the risk, they can take steps to address it.

Embracing risk – and using it to gain competitive advantage – starts in leadership where executives need to examine their organisation’s cyber risks and capabilities in order to address key questions around its cyber strategy:

  • What cyber threats are most likely to impact my business?

  • What is our level of resilience against these Cyber threats?

  • Where and how much do we need to invest to optimise our Cyber capabilities?

Deloitte helps our clients find the right answers and strengthen their abilities to thrive in the face of persistent and ever-changing cyber threats. The first step is to define a Cyber Strategy to help align cyber risks and investments with strategic business priorities and optimise cyber resilience. The next step is to execute the cyber strategy to foster a cyber-minded culture and become stronger, faster, more innovative, and more resilient to cyber threats.

Our approach

Our Cyber Strategy approach embodies the philosophy that every organisation is unique. Only once we understand the organisation’s specific Business, Threats and Capabilities, can we identify and help implement cyber initiatives that will contribute the most to improving Cyber resilience.

  1. Business Profiling

    Understand business context, model and risk appetite in order to identify crown jewels - the informational assets that are the most essential to achieve the organisation’s mission, strategic and business objectives.

  2. Threat Assessment

    Understand the cyber threats that the organisation is the most exposed to, including assessment of potential threat actors and techniques to help identify appropriate responses.

  3. Maturity Assessment

    Understand the current state maturity of cyber capabilities and define target-state requirements for reducing threat exposure to an acceptable level.

  4. Cyber Strategy and Roadmap

    Define strategic goals and develop roadmap with prioritised cyber initiatives and related investments required to achieve agreed target-state maturity.

  5. Strategy Execution

    Execute planned strategic initiatives to optimise cyber resilience and the organisation's ability to innovate, to use new technologies, and to grow securely.

  1. Business Profiling
  2. Threat Assessment
  3. Maturity Assessment
  4. Cyber Strategy and Roadmap
  5. Strategy Execution

Understand business context, model and risk appetite in order to identify crown jewels - the informational assets that are the most essential to achieve the organisation’s mission, strategic and business objectives.

Understand the cyber threats that the organisation is the most exposed to, including assessment of potential threat actors and techniques to help identify appropriate responses.

Understand the current state maturity of cyber capabilities and define target-state requirements for reducing threat exposure to an acceptable level.

Define strategic goals and develop roadmap with prioritised cyber initiatives and related investments required to achieve agreed target-state maturity.

Execute planned strategic initiatives to optimise cyber resilience and the organisation's ability to innovate, to use new technologies, and to grow securely.

Why Deloitte?

Awarded market leaders

We strive to continuously lead the market in the area of cyber risk and security services. We are awarded and acknowledged by some of the most renowned institutions within the area of cyber, e.g. Gartner, ALM Intelligence and Forrester. In 2020, we were named global leader in Security Consulting Services for the 9th year in a row by Gartner.

Leading-edge technologies

We are committed to investing in innovation and emerging technologies to ensure that we are equipped with the latest tools to solve current and future challenges for our clients. Alliances with market-leading cyber vendors and groundbreaking startups around the world offer our clients access to a wide range of cyber-risk technologies and leading-edge technology innovation.

Global intelligence delivered locally

We have the largest professional services network in the world. Diversity across our cyber teams helps us work across the globe with a local and personal lens. We have over 8,600 dedicated cyber-risk service practitioners of which 1,300 are dedicated to Europe and the Middle East alone, ready to help our clients everywhere with any challenge.

End-to-end cyber-risk services

We cover every aspect of cyber risk — from advisory and implementation of strategic transformations to managed security services, product solutions and incident management. This enables us to deliver more resilient and silo-breaking solutions, taking the whole business chain into account. This helps our clients to leverage their potential and growth even more.

Reach out

Contact one of our experts if you are interested in turning cyber risks into opportunities by taking a strategic approach to cyber threats.

Jay Choi

Partner

Anders Lukic

Senior Manager