Once relegated to the fringes of business operations, cybersecurity has evolved into a front-and-center concern for organizations worldwide. What was once considered a technical issue managed by IT departments has become a boardroom topic of utmost importance. With the rise of sophisticated cyberattacks, the growing use of generative AI by threat actors and massive data breach costs, it is no longer a question of whether cybersecurity matters but how deeply it affects every facet of modern operations.
The 2024 Allianz Risk Barometer named cyber events the top global business risk, further solidifying that cybersecurity is not just a technical issue but a strategic imperative. This shift in perception is observed across nearly all C-suite, small businesses, national security and critical infrastructure concerns. Meanwhile, Gartner forecasts a 15% growth in global information security spending by 2025 – a clear indication that organizations are increasing their investments to fortify their defenses.
From afterthought to boardroom priority
Not too long ago, cybersecurity was viewed as a fringe concern — a technical safeguard implemented to mitigate small-scale threats. Now, the exponential rise in attack volume, sophistication and impact has transformed cyber into a matter of critical importance. Cyberattacks like ransomware, data breaches and phishing campaigns have skyrocketed in recent years. In 2023, an all-time high ..
Support the originator by clicking the read the rest link below.
