Cyberattacks are becoming increasingly common and their impact on enterprises can be substantial and severe. When a company is breached, there can be significant financial repercussions, as well as negative ramifications on their brand and the loyalty of their customers.
Despite the problems that a cyber breach can create, some companies may not be preparing as aggressively as they should be to identify risk, mitigate the damage from a successful attack and diffuse the financial fallout.
To learn more about how all levels of an organization – including the C-Suite – perceive and plan for cyberattacks, Aronson, Risk Cooperative and Ridge Global are banding together to conduct a 360° Cyber Risk Survey. We recently sat down with Natasha Barnes, a Technology Risk Services Manager at Aronson LLC, and Andres Franzetti, Chief Strategy Officer and Founding Member at Risk Cooperative, to discuss the survey and what they expect to learn from it.
In part one of our two-part interview with Natasha and Andres, we discuss what separates this 360° Cyber Risk Survey from others they’ve seen and why cyber risk should be an important focus for all members of an enterprise – particularly the CEO and COO.
Here is what they had to say:
Corporate Growth, Capital Style (CGCS): Aronson has partnered with Risk Cooperative and Ridge Global to conduct a 360° Cyber Risk Survey. What is the point of this survey?
Andres Franzetti: We’re working with Aronson and our colleagues at Ridge Global on developing this survey because of what we’re seeing in the market. Cybersecurity is a growing, evolving threat that is not going away anytime soon. If anything, it’s just going to get more compounded once all of the connectivity from the Internet of Things comes more to the forefront. And organizations, we feel, are not necessarily prepared or evaluating this threat the right way.