Network resilience can impact service delivery, stakeholder confidence, and market positioning.
Image source:REUTERS/Dado Ruvic
Filipe Beato
Head of the World Economic Forum Cybersecurity Center
Jamie Saunders
Research Fellow at Oxford Martin School, University of Oxford
To thrive in the digital age, organizations must prioritize network resilience as a strategic leadership issue.
Cyber resilience is not the same as cybersecurity; however, cybersecurity is essential for enhancing cyber resilience. Cyber resilience refers to an organization's ability to minimize the impact on its core objectives and missions when a major cyber incident occurs.
A new report jointly released by the World Economic Forum and Oxford University outlines ways to strengthen organizational network resilience.
As more and more countries adopt digital technologies, ensuring protection against malicious cyberattacks, failures, and disruptions has become a critical concern. This challenge is dynamic, as emerging technologies and growing interconnectedness create a complex and ever-evolving landscape.Today, many organizations rely heavily on technology-supported business processes as their primary goal and mission—and there are no viable alternatives. This means the impact of cyber resilience extends far beyond the digital realm, potentially affecting service delivery, stakeholder confidence, and even market positioning. Cyber resilience refers to an organization's ability to minimize disruptions to its core objectives and operations when faced with major cybersecurity incidents."This challenge is dynamic." A new report titled "Decoding Cyber Resilience," released by the World Economic Forum, notes, "Driven by interconnectedness and the rise of emerging technologies, the evolution of digital infrastructure and ecosystems has significantly heightened both the threat landscape and the complexity of cyber risks organizations face."This report, developed in collaboration between the World Economic Forum, the Oxford University Global Cybersecurity Capacity Centre, and industry experts, outlines the critical importance of cyber resilience and elaborates on how the digital transformation of cyber resilience—both for businesses and society—can drive innovation, boost productivity, and fuel economic growth.Additionally, organizations must collaboratively leverage and expand their limited pool of talent with specialized knowledge in relevant cybersecurity networks. For instance, the World Economic Forum’s “Bridging the Cyber Skills Gap” initiative has developed a strategic framework for cybersecurity talent and outlined approaches for organizations to build sustainable talent pipelines.
The above content represents the author's personal views only.This article is translated from the World Economic Forum's Agenda blog; the Chinese version is for reference purposes only.Feel free to share this on WeChat Moments; please leave a comment below the post if you’d like to republish.
Translated by: Di Chenjing | Edited by: Wang Can
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