Business Resiliency Webinar Replay

Business Resiliency Webinar Replay

September 05, 2024

How Resilient Is Your Business to Survive What’s Coming?

Preparing for the Unexpected in an Uncertain World

As businesses increasingly rely on technology to drive efficiency, they also expose themselves to new security vulnerabilities and cyber threats. According to Harvard Business Review, over 90% of workers reported that automation has boosted their productivity, work quality, and decision-making speed. However, these gains often come with heightened risks, making resilience and recovery planning crucial for modern businesses.

To explore how leading companies are fortifying their defenses and preparing for potential disruptions, BeTechly hosted an Expert Discovery event titled "How Resilient Is Your Business to Survive What’s Coming?" This insightful session featured Gary McMillan, Vice President of IT consulting firm Onexte, who shared practical advice on building a resilient business in today’s unpredictable environment.

Watch the full webinar replay to discover how your business can strengthen its resilience strategy and prepare for the future.

Key Drivers of Cyber Resilience Strategies

During event registration, executives participated in a poll about their company’s cyber resilience and disaster recovery objectives for the next 12 months. Here’s what we learned:

  • Risk Assessment and Training are Top Priorities: Nearly half of the respondents (45%) highlighted risk assessment as a key focus area, while over one-third (35%) chose end-user training. These priorities reflect a proactive approach to identifying potential vulnerabilities and empowering employees to respond effectively to security threats.

  • Heightened Security Needs Fueling Resilience Efforts: When asked about the factors driving their cyber resilience strategies, 40% of executives pointed to heightened security needs. This concern is well-founded, as the Identity Theft Resource Center reported a dramatic 78% increase in data compromises in 2023 compared to the previous year.

  • Additional Factors Impacting Cyber Resilience: Respondents also cited outdated infrastructure or procedures (25%), growing volumes of data (24%), and the challenges posed by a remote workforce (24%) as significant drivers of their resilience strategies. These issues highlight the evolving landscape of cyber risk and the need for continuous adaptation.

Insights from the Peer Poll: Understanding the Challenges

During the live event, participants shared their experiences through our Peer Poll, revealing the top challenges and priorities in cyber resilience:

  1. Complex IT Environments Pose a Major Challenge: Nearly half of the respondents (46%) identified the complexity of IT environments as a significant barrier to effective cyber resilience. As IT systems grow more intricate, businesses struggle to maintain oversight and manage risks effectively—a challenge echoed by Harvard Business Review.

  2. Third-Party Risk Management: Another pressing concern was managing risks associated with third-party vendors and partners, selected by 23% of respondents. This reflects the broader industry trend of increasing reliance on external services, which can introduce new vulnerabilities if not properly managed.

  3. Data Security Remains a Top Priority: More than half of the executives (57%) cited improving data security as their main focus in resilience and disaster recovery planning. With cyber threats continually evolving, safeguarding sensitive information remains a core aspect of any robust resilience strategy.

Building a Resilient Business for the Future

In today’s rapidly changing digital landscape, resilience is more than just a buzzword—it’s a business imperative. As companies face growing threats from complex IT environments, outdated systems, and external risks, having a comprehensive resilience and recovery strategy is essential.

Take Action: Assess Your Resilience Strategy

Is your business prepared to withstand the next big disruption? Watch the full replay of our Expert Discovery event to gain valuable insights from industry leaders. To further explore how you can enhance your company’s resilience, schedule a 1-on-1 discussion with our experts using the form below.

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