It’s a funny old game cybersecurity. Just when you think that you’ve spent enough money to manage cyber risk, or not as the case maybe.

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It’s a funny old game cybersecurity. Just when you think that you’ve spent enough money to manage cyber risk, or not as the case maybe. Cyber attacks come along and open up a hole in your financial statements you didn’t think could exist. You find lines in your financial statements that you simple didn’t consider could have been affect by a risk such as cyber.

But that’s the effect of cyber attacks. Cyber attacks aren’t like other risks such as fires, floods, people, technology, leadership, supplier, fraud, brand………….Depending on your industry sector cyber has the potential to influence most other risk categories and in todays digitial economy data is the foundation of all companies. Cyber risk is a stand alone risk that affects all aspects of data risk and when you switch off the data, you switch off the enterprise, in part or whole. Finding those line items in the financial statements cyber influences.

It is of no surprise that the Marks and Spencer affected customer satisfaction and brand loyalty.

@Thaddeus Dziekanowski Brian D. McCarthy Faisal Khan

Veritas GRC Marks and Spencer

#cybersecurity #cyberriskmanagement #cyberattack

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