Assessing cyber risk

Perspectives

Assessing cyber risk

Critical questions for the board and the C-suite

The evolving threat landscape means organizations today must worry about far more than fraud and theft. As attackers become highly organized and also focus their attention on disrupting services, destroying your data, and holding your systems to ransom, the risk challenges grow more complex—with regulatory fines, legal damages, loss of trust, and reputation damage becoming part of the equation.

Risk powers performance

Risk has traditionally been viewed as something to be minimized or avoided, with significant effort spent on protecting value. However, we believe that risk is also a creator of value and, approached in the right way, can play a unique role in driving business performance.

Take the issue of cyber risk. Increased use of technology and globalization are key drivers of cyber risk, but they are also key sources of competitive advantage. Organizations that pull back from these drivers to try and protect value will likely fall behind, while organizations that find better ways to manage cyber risk can power superior performance through increased use of technology and globalization.

A key step on this journey is understanding the current state of your organization’s cyber capabilities. This guide and self-assessment tool is designed to help leaders gauge their cyber maturity, build new cyber risk understanding, and answer key questions, including:

  • Do we have the right leader and organizational talent? 
  • Are we focused on, and investing in, the right things? 
  • How do we evaluate the effectiveness of our organization's cyber risk program? 

Today’s leading organizations are those that have learned how to protect their value through risk management. Tomorrow’s leaders will be those that recognize the opportunity for risk to also create value. Deloitte’s Risk Advisory professionals around the world can guide you on that journey and help you transform your organization into a place where risk powers performance.

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