Cyber Defense eMagazine May Edition for 2022

A Resilience-Centered Approach to Cybersecurity
By Safi Raza, Director of Cybersecurity, Fusion Risk Management
If there was ever a year for an organization to ensure its cybersecurity was robustly planned, prepared
and tested, this is it. With the probability of a cyberattack at its highest ever level, there were a record
number of attacks recorded in 2021. According to recent Check Point Research, overall attacks per week
on their client corporate networks grew by 50% when 2021 was compared with 2020.
The reputational and financial damage an unexpected cyberattack can inflict is widely recognized, and
yet there are multiple examples of companies that have fallen foul of appropriate cyber protection. One
example was when computer hardware giant Acer suffered a security breach which resulted in them
having to pay a record-breaking $50m USD. The cybercriminal group REvil went on to leak stolen data
online. Also, when Microsoft’s Exchange Server was attacked in March 2021, it affected millions of
Microsoft clients with 60,000 private companies disrupted in the US alone, as well as nine government
agencies.
Cybersecurity burnout is one of the many reasons for lapses, with low morale among cybersecurity
professionals at an all-time high, and pandemic-induced employee turnover becoming more common
according to the Chartered Institute of Information Security (research here: https://bit.ly/3CrNFMK ). The
current conflict in Ukraine further heightens the risk of cyberattacks, and now is the time for all
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