Global events, such as recessions and pandemics, result in large social and economic challenges that affect organizations and their management. Top-level management oversees a wide range of concerns. Often, these concerns include employee and customer satisfaction, financial difficulties, supply chain disruption, and skyrocketing cyberattacks. As business owners address the many challenges that may threaten their organizations’ success, resilience is a trending buzzword. Organizational resilience is defined as an organization's ability to foresee, plan for, respond to, and adapt to gradual change and unexpected disruptions to survive and thrive.

During the most recent COVID-19 pandemic, organizations that had already cultivated resilience showed that they can quickly recover from setbacks. Through remote/hybrid work, digital acceleration, and more, these organizations had a competitive advantage.

If you want to prioritize resiliency within your own business, one of the first steps you should take is building cyber resilience. Cyber resilience refers to an organization's ability to consistently deliver the desired outcome in the face of adverse cyber events.

Cyber Resilience Powers Transformation

According to the World Economic Forum, cyber resilience is imperative for business security, and it’s the foundation of a strong business and brand. So, 87% of organizations are investing in improving their cyber resiliency posture. Businesses across the globe have begun to realize that it’s time to look inward and identify and close security gaps to build a more resilient future.

While establishing cyber resilience, consider the following:

  • You must deploy tools to detect, evaluate and handle network and information system risks, including those that affect your supply chain.
  • It’s critical to identify irregularities and potential cybersecurity issues through continuous network and information system monitoring before they morph into severe threats.
  • Implementing an incident response strategy is crucial to ensure operational continuity where you can bounce back quickly even if you are the victim of a cyberattack.
  • Always ensure that your cyber resilience strategy is overseen by top management and integrated into day-to-day operations.

Companies that invest in cyber resilience can expect to get the following results:

  • Increased secure collaboration within the organization
  • Better preparedness, response and/or remediation skills in the event of a security incident
  • Improved integration of people, processes and technology

How to Improve Your Cyber Resilience

  • Employee training

Firstly, providing continual security awareness training to your employees helps them to identify threats and vulnerabilities. By training employees, business owners improve employees' defensive abilities and prepare them to effectively deal with a crisis.

  • Stay current with technological advances and the threat landscape

Additionally, it's crucial to keep up with the latest technology developments and threats. If you don't understand what you're up against, you can’t protect your business.

  • Reset your security systems

Regularly audit your digital and physical systems to identify vulnerabilities. Set the critical systems to their best available configurations because this can help prevent unauthorized access.

  • Adopt advanced technologies

Legacy technologies may be ineffective in dealing with today's challenges. As a result, having the most current technologies and tools to secure your organization is critical.

  • Partner with an MSP

Resiliency is a necessity. However, it requires a significant amount of time, effort and expertise. Collaborating with an expert partner like us can help you handle technology matters to improve your resilience.

If you’re ready to take the first step towards building cyber resiliency in your organization but aren’t sure where to start, contact us to schedule a free consultation.

To help you understand organizational resilience in depth, we created a comprehensive guide for you. Download “The Ultimate Guide to Organizational Resilience” by clicking here.