Page 89 - Cyber Defense eMagazine June 2024

However, relying solely on technology is insufficient. Organisations must also recognise the importance
of investing in their human capital. The board plays a crucial role in this regard by prioritising cybersecurity
training and education initiatives for employees. By allocating resources and support for ongoing training
programmes, the board can ensure that employees are well equipped with the knowledge and skills
necessary to transform employees from potential vulnerabilities into active participants in the fight against
cyber threats.

The potential financial impact of cyber attacks on businesses is alarming, as the costs associated with
data breaches, intellectual property theft, and operational disruptions can be devastating. In addition to
direct financial losses, companies also face significant reputational damage and loss of customer trust in
the wake of a cyber attack. The consequences can be long-lasting and far-reaching, affecting a
company's competitiveness and growth prospects.

Ultimately, strengthening cybersecurity posture is an ongoing process that demands continuous
adaptation and improvement. As the scale and sophistication of cyber threats continue to grow, it is
imperative that businesses prioritise cybersecurity as a critical component of their overall risk
management strategy. Investing in robust defences, regularly updating systems and software, and
providing comprehensive training to employees are essential steps in mitigating the risk of falling victim
to a potentially catastrophic cyber attack.

About the Author

Martin Greenfield is the CEO of Continuous Controls Monitoring (CCM) provider,
Quod Orbis. Martin has over two decades of experience in the cyber security
space. With his team, Martin helps deliver complete cyber controls visibility for
clients via a single pane of glass through Quod Orbis’ CCM platform. This helps
companies see and understand their security and risk posture in real time, which
in turn drives their risk investment decisions at the enterprise level. Martin can
be reached online via LinkedIn and at our company website
https://www.quodorbis.com/

Cyber Defense eMagazine – June 2024 Edition 89
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