Page 152 - Cyber Defense eMagazine Special RSA Conference Annual Edition for 2022

Businesses Will Suffer Cyber-Attacks; But

Do They Know the Real Cost?

By Reuven Aronashvili, Founder & Chief Executive Officer at CYE

In 2021 the number of ransomware attacks doubled, the number of supply chain attacks tripled and
threats from state-backed hackers continue to rise. While sectors like finance and healthcare suffered
more than others, attacks are up across the board and everyone is vulnerable.

It is now basically inevitable that most organizations will experience some type of cyberattack. That
means that there must be a shift in attitude from pure prevention–which is no longer realistic—to fully
understanding a company’s exposure to cyber risk and understanding the tools needed for smarter
planning and comprehensive decision-making capabilities.

Putting risk exposure, or the cost and likelihood of a potential breach into dollar terms is more important
than ever for organizations. This is the only way that companies will be able to protect themselves in the
long run and strengthen themselves as they shift the cybersecurity of their organization from a cost-
center to a business differentiator and even market advantage. So how exactly can organizations do
this?

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