Cyber resilience goes beyond preventing attacks: it is the ability to absorb attacks and outages, keep operating and recover quickly. Read news and analysis on what this demands of organisations and their boards.
Ahold Delhaize expects October's cyberattack to cost €200–250 million in sales and €75–100 million in operating income. The share price lost nearly 3% on the first news, but rose on the day of the quarterly results.
Last year, the Dutch Central Bank (DNB) carried out a resilience program focusing on the most important geopolitical risks, including physical warfare. DNB also expects financial institutions to take the same scenarios into account.
Dutch businesses are vulnerable to the failure of vital services such as electricity, internet and ICT services. Only a part has taken measures, according to the annual innovation monitor by SEO and the University of Amsterdam.
The list of Critical ICT Third Party Providers (CTPP) has been published. These suppliers are now subject to direct supervision and may be subject to investigations, recommendations, and even fines
We are not at war, but there is certainly no peace. The security situation has deteriorated significantly in recent years. The Netherlands is the target of hybrid attacks: cyber operations, espionage and sabotage. In order to respond and recover from attacks, physical, cyber and mental resilience are necessary.
The World Economic Forum and Oxford University conclude that in recent years, the focus has moved from cyber security to cyber resilience. Cyber resilience is of strategic importance and should be high on the board agenda.