With society’s ubiquitous reliance on technology, cybersecurity is increasingly being regarded as an essential tool for all organizations. Recent cyberattacks have highlighted that cyber risks can jeopardize an organization's information, data, and critical systems, as well as inflict consequential financial and reputational losses. Consequently, global cybersecurity spending is projected to exceed $270 billion by 2026.
No organization, no matter where it falls on the cyber maturity spectrum, can ever be 100% cyberattack proof. The sooner an organization accepts this, the better chance they have of effectively mitigating cyber vulnerability gaps and equipping for emerging cyber risks. Mitigating cyber risk will prove to be an increasing challenge as organizations embrace new technologies such as IoT platforms, non-terrestrial connectivity, AI, machine learning, and other operational intelligence.