The line between business risk and cyber risk is being obliterated. Increasingly, risk models built around financial uncertainty and legal liabilities can’t be separated from IT security risk. For Risk Management Officers that translates to keeping the company Chief Security Officer (CSO) on speed dial.
Cyber risk as business risk isn’t new. For example, cybersecurity compliance — be it regulatory or industry specific — has long been a reality for organizations. But trends tied to a new post-pandemic reality for employees and businesses will accelerate the blurring of cyber and business risk lines.