We live in an advanced digital society where technological developments are changing rapidly-with solid networks, increasing interconnectedness, and highly automated concepts such as e-health, smart cities, and the fourth industrial revolution playing an increasingly important role. The proliferation of these technologies means that cyber risk management is an extremely important and ever-evolving prerequisite for a successfully functioning society. Regardless of the risks, your business is facing, raising awareness is always the first step to addressing those risks. Cyber risk management is a strategic approach to prioritizing threats. Organizations implement cyber risk management to ensure that the most critical threats are addressed promptly. This approach enables you to identify, analyze, evaluate, and respond to threats according to the potential impact of each threat.

The risk management strategy acknowledges that organizations cannot eliminate all system vulnerabilities or block all cyberattacks. You should have a cybersecurity risk management initiative that helps organizations address the most critical vulnerabilities, threat trends, and attacks first. The continuous cyberattacks that have occurred this year confirm the severity of this problem in today's business environment. According to a recent report, the average cost of recovering from a severe cyber attack is now more than $1 million.

As per the above-mentioned statistics, the cost of a cyberattack relates to many issues, such as employee productivity loss, negative customer experiences, and reputational issues that can all follow a serious cyberattack. Therefore, we at Group Futurista took upon the responsibility to bring valuable insights on the subject matter. Join ‘Future of Cyber Risk Management for Businesses’ a webinar enriched with snippets of information, narration, and a notable selection of renowned speakers who will come together to share their insights into what the future holds for the central node.