According to the report “CYBERWARFARE IN THE C-SUITE“, by Cybersecurity Ventures, the global costs of cybercrime to organizations across the globe will grow by 15% per year, reaching US$ 10.5 trillion annually by 2025. value is well above the US$ 3 trillion in 2015.
Research shows that this new figure represents the largest transfer of economic wealth in history, and that in addition to being exponentially greater than the damage inflicted by natural disasters in one year, it will be more profitable than the global trade in all major illegal drugs. combined.
André Gurgel, country manager at Hillstone Networks Brasil, a global network security solutions company, says that the study makes it clear that the acceleration of the Brazilian digital economy is immense, but that cybercriminal activity against Brazilian organizations is also huge. Mr. defend the company.
However, Gurgel emphasizes that however commendable this advance in the fight against cybercrime by companies is, the real resilience of the business will only come about when the culture of the organization as a whole becomes oriented towards digital security. “This happens when the C-Level integrates a Green Team that works for the sustainability of the organization amid incessant digital attacks. These leaders accurately assess the impacts of attempted breaches in their areas and, to avoid these losses, become ambassadors of the cybersecurity culture towards their team members,” said the Hillstone Networks executive.
The assertions of the Hillstone executive are corroborated by the survey “Cyber security considerations 2022 Trust through security”, by KPMG. The survey details how a group of 1,000 Asian company CEOs are paying closer attention to the risks associated with digital security and taking action to mitigate them. According to the survey, 72% of CEOs reported that strong cybersecurity strategies are critical to ensuring business continuity. This is a significant number, considering that only 15% agreed with this statement in the study carried out in 2018.
Also according to the report “Cyber security considerations 2022 Trust through security“, another significant achievement is that, in the universe surveyed by KPMG, more than half (56%) of CISOs meet with CEOs and other C-Level executives at least once a month, in meetings totally focused on cyber risk in the business areas under the responsibility of the leader.
“This strategy is critical to bringing C-Levels closer to technology leaders. CISO meetings with the CFO, for example, should be carefully planned in order to bring the finance leader’s attention to the issue of cybersecurity. On this occasion, the CISO will ask the CFO questions about the provision his area has made to pay the ransom for access to mission-critical applications in the event that the company suffers a ransomware attack. Another point to explore is to inquire about the damage caused, for example, by the inoperability of the operation during a day of data capture”, explains André Gurgel.