Cyber risk continues to evolve and grow as more businesses expand their digital footprints and threat actors continue to reap monetary gains by infiltrating businesses. In 2024, we anticipate that this trend will only continue. However, we see consistent themes in cyber breaches that can inform how businesses secure their systems and mitigate the risk of cyber breaches. In this article, we will explore three core areas that each business can explore to manage the risk of a cyber breach and decrease the impact of a cyber incident.

Implementing Technical Controls

The worst time to learn about the technical and cybersecurity controls that a business has (or does not have) in place is during a cyber incident. Regardless of your industry, establishing baseline security controls that address key risks to your business is always a good first step to mitigate risk. While there are many security controls a business can consider, there are a few areas that consistently prove to be incredibly valuable in mitigating risk.