Cyber resilience is about much more than just cybersecurity. It’s about preventing operational disruptions of all kinds, that may impact your profitability, productivity, and reputation, says Patrick Evans, CEO of SLVA Cybersecurity.

South Africans are renowned for their resilience when facing a multitude of problems – from the high cost of living to rolling blackouts. However, the resilience of the average South African citizen is not always matched by the resilience of the businesses they run.

Your business – small or an enterprise – needs to be able to deal with things like power disruptions, unpredictable weather or civil disobedience, and for these you have plans and contingencies ready and are designed to cater for such disruptions. So when organisations are ‘secure by design’, they are more than just cyber secure, they are cyber resilient.

The problem is that too often, board members think of cyber as mainly a compliance scenario, rather than an enabler of the business. Moreover, while companies today often have a chief information security officer (CISO), they seldom receive the privilege of being part of the C-suite, and typically report to the CIO.

The reality is that cyber resilience requires a shift in the mindset and culture of the organisation. The first shift is that one needs to work from the assumption that your business operations will be interrupted at some point due to a cyberattack. This change in mindset is required by business leaders and executives, who need to start thinking about what resilient measures they can put in place across the company’s people, processes, and technology.

Until the board accepts that cybersecurity can serve as a business enabler, they won’t achieve this mind shift. And the reason it is an enabler is simple: a cyberattack will inevitably create operational disruption, which in turn impacts profitability, productivity, and even your company’s reputation in the market.

If you are a national or international business, the impact of such a disruption may be measured in millions of rands. To prevent this, business leaders have to engage in careful planning to ensure their organisations are able to withstand whatever the world throws at them.

Implementing a cyber resilience programme is imperative because cyber is more than IT, it is something that literally touches every part of your business. A robust programme will help you to understand which are your critical environments, the benefits they bring to the business, and the risk they pose to the company should they fail.

Such a programme views the business holistically, so for example you may need to make sure your supply chain is resilient, and that everybody you’re dealing with – whether they’re online or not – has the same, or similar, measures in place. You should come at this from a risk management point of view, seeking to understand the business risk first, before worrying about the cyber risk.

Of course, in order to help make the business more resilient, it is crucial that the right behaviour is inculcated in employees: How should they react in the event of a disaster? Does everybody know what the playbook looks like? How do they know what they need to do?

The question, then, is how to implement true cyber resilience. Part of the answer is to use a methodology that begins with communicating to everybody what the business is doing. You need to discover the current state of things and analyse those findings accordingly.

You also need to understand what your business-critical data are and business-critical processes. In other words, which applications are crucial to business operations? A good example is that your business may run SAP, but you still need to understand which aspects of SAP are the most critical to keep operational in a disaster.

Then you need to ensure that all the people that need to know the details and play a part in the plan are empowered to do that. Lastly, you need to continuously test and update the plan, because businesses aren’t static, they change continuously.

Of course, being able to anticipate cyberattacks remains a key aspect of staying resilient, and there are mechanisms available to help businesses understand whether they’re going to be targeted or not.

Ultimately, the best way to build cyber resilience is to first make sure that everybody understands what the business objectives are. From there, you build backwards from these objectives, determining the risks inherent in the objectives, and crafting a cybersecurity plan that has technology resilience built into it – by ensuring that the business priorities align with your people, processes and technologies and that the plan aligns to and supports the business effectively.

We call this secure by design.

Leave a Comment

Your email address will not be published.

You may also like

Announcements Business Culture Economy

Businesses Decry Harassment and Multiple Regulatory Bottlenecks in Lagos

post-image

 

Lagos manufacturers are raising their voices against the harassment and bottlenecks they face from multiple regulators and agencies in the state. The outcry follows a viral video showing a man destroying a delivery van loaded with sachet water, popularly called “pure water,” intended for a customer. The incident has sparked widespread criticism and concern among stakeholders in the business community.

One of the prominent voices speaking against this troubling trend is Engr. Roberta Edu, CEO of Moppets Baby Food, a Lagos-based infant food manufacturing firm. Reacting to the video, Edu described it as a reflection of the “huge regulatory gap” plaguing the Nigerian business environment.

“The viral video showing a man destroying sachet water in a van that was out for delivery highlights the huge regulatory gap we have in the country,” she lamented. “Now, NAFDAC has denied their involvement, and Lagos State Environment has also distanced themselves from this act.”

Edu…

Read More
Business Culture Economy Government

Proposed Tax Reform Sparks Nationwide Debate

post-image

 

The recently proposed tax reform bills in Nigeria have stirred intense discussions among citizens and stakeholders. While some Nigerians commend the initiative as a step toward a fairer tax system, others express concerns about its potential economic impact. The bill, which introduces significant changes to the country’s tax structure, aims to implement a progressive tax regime that ensures individuals and businesses contribute to national revenue based on their earnings.

Under the proposed framework, individuals earning up to ₦800,000 annually will be exempt from paying taxes, providing relief to low-income earners. For those earning above this threshold, the tax rate gradually increases based on their income level. The next ₦2,200,000 of income will be taxed at 15%, followed by 18% for the subsequent ₦9,000,000. Higher earners will pay 21% on the next ₦13,000,000, while those with incomes exceeding ₦25,000,000 will face a 23% tax rate. For the wealthiest individuals with annual…

Read More
Business Fintech Society

CBN Mandates N50 Levy on Transfers Over N10,000: PalmPay Adapts to New Policy

post-image

 

The Central Bank of Nigeria (CBN) has enforced a directive requiring financial institutions to impose a ₦50 Electronic Money Transfer Levy (EMTL) on transactions of ₦10,000 and above. The regulation, introduced in 2022, is gaining traction as financial institutions adjust to ensure compliance.

PalmPay, a leading fintech platform, has announced its alignment with this policy. Effective from November 30, 2024, transfers of ₦10,000 or more paid into PalmPay accounts will attract the ₦50 levy, as mandated by the Federal Inland Revenue Service (FIRS).

In a statement, PalmPay emphasized that it does not benefit from the levy, explaining that all proceeds are remitted directly to the federal government. The company reassured customers of its commitment to affordable financial services, stating, “PalmPay continues to offer unlimited free transfers to any bank account. We are dedicated to providing affordable and accessible financial services to our valued customers.”

This development reflects the growing impact of the…

Read More
Business

Governor Soludo Welcomes Apostolic Nuncio to Nigeria, Reflects on Irish Missionary Legacy

post-image

 

The Governor of Anambra State, Prof. Charles Chukwuma Soludo, yesterday extended a warm reception to the newly appointed Apostolic Nuncio to Nigeria and Ambassador of the Vatican City, Most Rev. Michael Francis Crotty. The high-profile meeting took place at the Governor’s Lodge in Amawbia, underscoring the state’s deep-rooted connection to the Catholic Church and its leadership.

Most Rev. Crotty, an Irish prelate with a distinguished diplomatic career, was welcomed with open arms by Governor Soludo, who seized the occasion to honor the historic contributions of Irish missionaries to the growth of Christianity in Nigeria. The Governor spoke passionately about the invaluable sacrifices made by early church emissaries, particularly Irish priests, who dedicated their lives to spreading the gospel and establishing Catholic institutions across the eastern region of the country.

In his address, Governor Soludo highlighted the legacy of the Shanahan family and other Irish clergy, whose work laid the foundation for…

Read More
Business Economy Government

Nigeria Data Protection Commission (NDPC) and Hon. Adedeji Stanley Olajide Empower Over 1,000 Youths with Data Protection and Digital Literacy Training in Ibadan

post-image

 

 

In an effort to equip Nigeria’s youth with essential knowledge on data protection and digital literacy, the Nigeria Data Protection Commission (NDPC), in collaboration with Hon. Adedeji Stanley Olajide, the Chairman of the House Committee on Digital and Information Technology, hosted a five-day training in Ibadan. The event, which saw over 1,000 young Nigerians participate, marks a significant milestone in the country’s push to promote digital awareness and data privacy practices.

Held across multiple locations in Ibadan, the training was designed to provide participants with a deeper understanding of how to protect their personal data in today’s digital world. The initiative is part of the NDPC’s ongoing efforts to raise awareness and build a data-conscious society, especially as more people engage with online platforms.

Representing the National Commissioner and CEO of the NDPC, Dr. Vincent Olatunji, Mrs. Abiola Jide-Abe, the Commission’s Head of Strategic Planning and Communication, shared the Commission’s strong…

Read More
Business Economy Gadgets Government Technology Technology Trends Telecoms

NCC Launches Licensing Framework for Application-To-Person (A2P) Services, Invites Stakeholder Participation

post-image

 

 

The Nigerian Communications Commission (NCC) has officially rolled out its much-anticipated Licensing Framework for Application-To-Person (A2P) services, a move that promises to bring greater structure and transparency to the rapidly evolving telecom industry. The framework, which has been carefully crafted in line with the provisions of the Nigerian Communications Act (NCA) of 2003, was made available for public access on the Commission’s official website, www.ncc.gov.ng, as of November 29, 2024.

The A2P service model plays a crucial role in facilitating automated communication between businesses and their customers, typically for notifications, alerts, and marketing messages. This framework is designed to regulate how such services are delivered, ensuring that the process is seamless, efficient, and compliant with existing laws. By setting clear guidelines, the NCC aims to foster a more reliable and transparent ecosystem for both service providers and consumers.

In an effort to engage…

Read More
Autos Business Culture Economy

Peugeot 504: A Timeless Classic That Defined an Era

post-image

 

First introduced in 1968, the Peugeot 504 has earned its place as one of the most iconic and enduring vehicles in automotive history. With production spanning over three decades, including localized manufacturing in some regions until 2006, the 504 left an indelible mark on the global car market. Known for its robust design, elegant styling, and versatility, it quickly became a symbol of reliability and class.

Available in multiple body styles—sedan, coupe, convertible, wagon, and pickup—the Peugeot 504 catered to a diverse range of drivers. Under the hood, the car offered a variety of engine options, from petrol to diesel, with capacities ranging from 1.8 to 2.7 liters. The diesel variants were particularly celebrated for their efficiency and durability, making the 504 a trusted companion in regions with challenging conditions, such as Africa and South America.

Designed by the renowned Italian firm Pininfarina,…

Read More
Business Economy Society Software Sponsored

NDPC Boss Advocates Data Protection Sustainability at KPMG Workshop

post-image

Dr. Vincent Olatunji, National Commissioner and CEO of the Nigeria Data Protection Commission (NDPC), has called for sustainable and long-term practices in data protection to build trust and confidence in data processing activities. Dr. Olatunji made this call as the keynote speaker at a Data Protection Workshop organized by KPMG Advisory Services, where he presented a paper titled “Data Protection Sustainability and the Role of the Data Protection Officer (DPO).”

In his address, Dr. Olatunji commended KPMG for its efforts in organizing the workshop, describing it as aligned with the Commission’s strategic focus on awareness and capacity building. He noted the importance of distinguishing between privacy and data security, emphasizing the NDPC’s commitment to raising awareness on both fronts.

During his presentation, Dr. Olatunji outlined the fundamentals of data protection sustainability, focusing on:

  • Continuous compliance with data protection regulations;
  • Privacy by design and default in organizational systems;
  • Awareness creation among stakeholders;…
Read More