The challenge and risks -

The topic of cybersecurity is seldom out of the press these days, occupying the minds of business leaders and politicians alike. From a business perspective, the ideal outcome would be to eliminate cybersecurity risks entirely. However, two things are clear. First, there is no panacea for the diverse and ever-evolving range of threats that exists. Second, there is no such thing as zero risk. Businesses must therefore design and implement cybersecurity plans that are focussed on risk management and minimisation.

When considering the resources needed to devote to this exercise, businesses also need to have in mind the range of possible consequences of a cyber-attack. At a high level these include...