Cyber resilience is a combination of business continuity, data security and organizational resilience, which describes the ability of a company to achieve its goals even in the event of cyber attacks or other challenges.
An appropriate strategy can offer benefits such as minimizing financial losses and gaining customer trust. Companies that demonstrate cyber resilience gain the trust of their customers and can apply international standards such as ISO/IEC 27001. This also creates a competitive advantage by promoting efficient operations and making companies more resilient. Thus, cyber resilience means the ability to respond flexibly to cyber challenges and recover from security incidents. It is not a one-off event, but a continuous process that encompasses the entire organization. The effectiveness of cyber resilience is defined by a lifecycle that includes strategy, design, transition, operation and development.
Effective cyber resilience must be an organization-wide risk-based strategy that is addressed by executives to all employees in the organization, partners, supply chain participants and customers. It must proactively address risks, threats and the impact on critical information and supporting assets.