Business Chief APAC+ANZ Magazine May 2019 | Page 48

STEP 1 : MAKING THE CASE TO SENIOR LEADERSHIP
TECHNOLOGY
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“ A RECENT REPORT RELEASED BY THE DEPARTMENT FOR DIGITAL , CULTURE , MEDIA AND SPORT REVEALED THAT OVER FOUR IN 10 BUSINESSES ( 43 %) IN THE UK EXPERIENCED A CYBERSECURITY BREACH OR ATTACK LAST YEAR ”

— Spencer Young , Regional Vice President , EMEA at Imperva investment for buying down their risk .
Where cybersecurity may have previously been considered one subset of operational IT , a cursory glance over the press clippings in recent years will have alerted them to the real challenge . A growing number of business leaders are awakening to the fact that a data breach is all but inevitable . What they need to know is , how they can limit the scope of damage from a data breach with the right level of investment .
STEP 1 : MAKING THE CASE TO SENIOR LEADERSHIP
As the levels of liability for failing to govern risk and protect critical data are transferred from the IT department to senior leadership , these leaders need a quantified measurement of risks including :
• Compromised customer data
• Diminished brand and reputation
• Loss of investor and consumer confidence and loyalty
• Stolen sensitive intellectual property
• Compliance and regulatory sanctions
• Business disruptions MAY 2019