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investment. For example, a $2.5 million investment in system security in the next 3 years reduces cyber
risk by almost $7 million on the cyber risk balance sheet.

Leaders can focus on building organizational resilience.

The frequency as well as the complexity of challenges across risk categories, from geopolitics to
economic instability, from climatic changes to public health, and from talent to supply chain, are what is
driving today's challenges for various IT companies globally. Business leaders must take action right now
to meet these difficulties head-on and seize the possibilities they present by involving their workforce and
establishing a sense of mission. In light of this, IT organizations must strengthen their organizational
resilience.

Organizational resilience is the capacity to recover from negative experiences, learn from them, and
come out stronger against recurring problems. It is better to approach resilience building from three
angles:

Operational

It takes emergency service planning, workforce flexibility, crisis management, and technology to ensure
that companies can operate under unfavorable conditions to develop innovative methods to serve
consumers and safeguard staff amid unanticipated catastrophes.

Financial

Greater flexibility in capital allocation enhances diversity and streams of return in the face of uncertainty
and supports agility in the face of the unexpected. Enterprises may become more resilient to unforeseen
occurrences and generate more sustainable profits by experimenting with and swiftly learning from risk
reduction and investment possibilities.

Human

Businesses that have leaders that are concerned about the requirements of each employee's own
emotional, physical, financial, as well as social health and who foster a shared, corporate sense of
purpose prosper under challenging circumstances.

Governance, Risk, and Compliance (GRC) programs are being implemented by various IT companies
for better security.

Governance, Risk, and Compliance (GRC) is a methodical strategy to manage geopolitical and
environmental risks, comply with all industry and governmental laws, and integrate IT with business
objectives. It consists of methods and tools for integrating technology innovation and adoption with a

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