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As cyber threats continue to rise and disruptions become more frequent, resilience has shifted from being a best practice to a critical business necessity. According to a report by Accenture, 70% of executives agree that building resilience into their operations is essential to surviving and thriving in a volatile world. However, achieving the right balance between securing core assets—such as data and critical systems—and ensuring business continuity can come with a hefty price tag. In fact, a study from IBM found that the average cost of a data breach in 2023 was $4.45 million, prompting many companies to reconsider how much they are willing to spend on cybersecurity and risk mitigation.
Research by Deloitte highlights that businesses are increasingly turning to cloud-based solutions for resilience, leveraging scalability and flexibility to maintain operations during disruptions. However, there’s a risk that over-investment in cloud and security infrastructures can lead to overspending, especially if the costs are not well managed or aligned with the actual business needs. This session will explore how organisations can protect their crown jewels, data and systems, without compromising financial stability, balancing the need for robust security with cost-effective solutions.
How can Belgian companies fortify their defenses against cyber threats and ensure uninterrupted operations, while avoiding overspending on resilience measures?
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