The management of security risks in the cyber world

The growing threat of cyber attacks represents one of the most significant risks to corporate business continuity, as highlighted in the annual World Economic Forum Global Risk Report, edited annually by the World Economic Forum. In this context, the risks assessment is crucial, considering the economic impact that can significantly be different between sectors. The widespread availability of hacking tools and the proliferation of online criminal activity further amplify the probability of cyber attacks, making proactive crisis preparation and management essential for corporate business continuity.

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Dealing with such threats requires not only the formalisation of business continuity and disaster recovery plans, but also a focus on practical preparation through expertise and testing. While most companies focus on checking the technical components of procedures, they often neglect the organisational and decision-making aspects. An effective crisis management requires in-depth knowledge of processes, the ability to make decisions under stress and an effective communication with external agencies.

Read the full article written by Simona Costa, Advisory Department Innovery, and her insight into the Jumanji, immersive platform that allows the simulation of any crisis situation in a realistic way: https://www.innovery.net/en/cybersecurity-simulation-of-critical-processes/

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