Risk represents the potential for damage when a threat source exploits a vulnerability. In the case of cyber risk, it encompasses all the potential threats that are just waiting for the chance to wreak havoc on an organization's systems and networks. Because, as all cybersecurity professionals know, the repercussions of a breach can be catastrophic.
Technology is a highly competitive industry, and managing cyber risk is becoming table stakes. After all, a breach has the power to jeopardize a tech company's financial stability, disrupt operational continuity, erode competitive positioning, and shatter the trust built with customers and stakeholders.
Robust cybersecurity measures can also differentiate a company from its competitors. As part of their own third-party risk management program, your customers and business partners prioritize working with companies committed to protecting sensitive information and operating securely.
So, how does the technology industry fare in the face of these challenges?
This infographic provides an overview of the present state of cyber risk management within the technology sector and the challenges of the tech cyber landscape.