Operational resilience and outsourcing: what firms need to know
Stuart King looks at the growing threat of cybercrime and how firms can better manage operational disruptions. He gives examples of serious breaches and the regulatory responses, provides statistics and stresses the importance of operational resilience for boards and senior management
Yes, that’s not a typo. Reported breaches rose from just 25 in 2017 to 145 in 2018, according to research from law firm RPC. This is no longer a side issue to be handled by IT. And if firms don’t know that yet, then they’re in serious trouble.
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