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Cyber resilience

The spectrum of cyber risks and threats is now so significant that simply addressing cybersecurity on its own isn’t enough.

Cyber resilience, on the other hand, enables businesses to minimise disruption and continue to function in the event of a disruptive incident.
The rate of technology change and adoption has easily outpaced most businesses’ ability to manage the associated risks. These include risks to intellectual property, customer data and sensitive internal data, including data on senior executives and board members. The inevitability of a breach also demands a clear and practical cyber incident response plan.

Fraud, corporate crime, commercial disputes, litigation, and growing data security and regulatory requirements can undermine your organisation’s integrity and reputation, decrease confidence, and attract regulatory intervention as well as media attention. Data breaches and security failures can lead to reputational, financial, operational and legal risk.

Growing data privacy regulations have also started to bite, meaning businesses are feeling the commercial cost of cyber-attacks and data privacy violations. From our research of over 4,500 global business leaders in our 2019 International Business Report, we found that 57% agreed that due to new regulation there has been a greater focus on privacy issues than there has on cybersecurity in recent years.

In Australia, changes to privacy laws in 2018 introduced mandatory data breach notifications, obliging businesses to notify when a data breach has occurred, in an effort to align Australian privacy laws with the EU’s General Data Protection Regulations (GDPR).

Now more than ever, businesses need to have proven strategies to effectively deal with disruptive cyber events, understand risks and be better prepared to face these challenges – a framework of ‘cyber resilience’.

Our Cyber resilience services

Cyber security

As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.

Digital forensics & investigations

Our digital forensic experts identify, preserve and analyse data in the context of reputation and regulatory enforcement issues for investigations, legal or administrative proceedings.

Controls assurance reporting

In Australia, as with other developed economies, regulatory and market expectations regarding corporate transparency continue to increase.

eDiscovery

In a data-driven economy, data enables commercial and economic growth, innovation, and social benefit.

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Chris Watson
Partner
Chris Watson
Learn more about Chris Watson
Chris Watson
Partner
Chris Watson

Get in touch

Grant Thornton Australia collects your personal information so we can send you communications including invitations to future events, industry insights and other relevant communications. You can opt-out of receiving these communications at any time via our preference centre. Privacy Policy.

Matthew Green
Partner
Matthew Green
Learn more about Matthew Green
Matthew Green
Partner
Matthew Green

Get in touch

Grant Thornton Australia collects your personal information so we can send you communications including invitations to future events, industry insights and other relevant communications. You can opt-out of receiving these communications at any time via our preference centre. Privacy Policy.

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