Cybersecurity key to risk-free business ecosystem: CII-KPMG
Cybersecurity is no longer restricted to standard ICT (information and communications technology) domains and encompasses multiple areas of an organization but not limited to human resources, supply chain management, administration and infrastructure and, therefore, requires governance at the highest levels.
The report emphasizes that any significant business decision must also be looked at from a cybersecurity perspective. A merger and acquisition (M&A) deal, for example, must deal with data breaches or probable regulatory violations before it is executed. People across all levels need to be aware of cyber issues and its impact on the performance of the organization.
Data breaches and cyberattacks are a common affair and ignoring these risks can lead to potential liabilities, substantial revenue loss and a damage to reputation.
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