Practical Lessons For Managing Cyberrisks

Of all the dangers that consume risk managers’ thoughts, cybersecurity is arguably the most intangible. It is difficult to truly “see” the many factors that can cause breaches or attacks, which often leaves cyberrisk confined to the realm of hypothetical and worst-case scenarios. However, we continue to hear about successful attacks that penetrate enterprise security layers and put corporations’ fortunes, futures and reputations at stake. Recently, for example, when hundreds of thousands of computers around the globe were infected in the WannaCry ransomware attacks, businesses learned a painful lesson regarding the vulnerability of their IT assets and business-critical systems.