Technology Governance Needs A Rethink on Prioritizing Resilience Against Digital Threats

Most businesses are not properly protected against digital threats, with just 3% having developed resilience against cyber threats. This is due to overreliance on technology without contingency plans, a lack of commitment to security from organization leaders, transparency issues in third-party relationships, and a failure to recognize the role of people in cybersecurity issues. To increase resilience, businesses need to prioritize basic skills, accountability, human solutions, supply chain governance, and customized risk mitigation strategies.