Theo Nassiokas: How Exactly Can a CIO Mitigate Cyber Risk?

What you need to know:

• Cyber risk is the risk of business disruption due to technology, telecommunications, or utility failure causing a loss of service or data.
• Cyber-attacks don’t always require a computer. It’s possible to use another device or to attack something else, such as an electricity network, during a cyber-attack.
• Cybersecurity and cyber resilience are two different things.
• Companies need to set up a cyber insurance plan to cover the cost of reacting to a major event or cover an area that’s otherwise not covered.
• Cyber insurance considerations need to be closely interwoven into the crisis management…