The need
Accelerated digital transformation and the adoption of ‘Industrial Internet of Things’ (IIoT) has exposed organisations to a variety of disruptive cyber attacks. As this transformation continues, it’s now vital that exposures to ransomware and disruptive cyber events are addressed as a priority within business continuity planning.
But not all organisations have upgraded their legacy Business Continuity Management (BCM) processes to counteract cyber attacks to mission-critical systems – and the potential operational and reputational losses that could result.
How we help
Aon’s Business Continuity Management for Cyber Risk solution helps identify gaps in legacy BCM strategies that have emerged due to the rapid adoption of digital technology.
An updated and upgraded Business Continuity Plan that addresses the commercial dependency on digital technology mitigates future operational disruptions and financial losses from disruptive cyber attacks.
We also support companies to better align their existing Business Continuity Plans to real-life cyber scenarios to determine an organisation’s current level of resiliency and improvement requirements.
Why us
We help organisations be more ‘market-ready’ by reviewing their risk reduction processes to enable them to demonstrate an ability to respond to disruptive events.
Our approach
- Diagnostic and Strategy: A proprietary maturity assessment to determine if existing BCM strategies address current technology dependencies and emerging cyber threats.
- Planning: A comprehensive evaluation/audit of any existing BCP to address disruptive cyber scenarios impacting critical technology.
- Diagnostic and Strategy: A bespoke table top exercise or simulation exercise to test awareness and effectiveness of BCPs in a real-life setting.
- Governance: The development of new internal governance structures to better support a revised cyber-focused BCM programme.
Key benefits
- Reducing frequency and potential severity of disruptive cyber events
- Determining the critical dependencies of revenue generating operations/teams on digital technology
- Increasing organisational resilience to disruptive cyber events which may reduce unbudgeted losses
- Improving insurer perceptions of the risk profile to unlock broader coverage and competitive terms
- Focusing commercial needs and business continuity requirements with Incident Response plans
- Understanding continuity response priorities for vendors, customers, partners and regulators that are triggered by a cyber event
- Linking investments in cyber resilience with the technology dependencies of the business to justify future CAPEX
- Establishing an appropriate Risk Governance architecture that covers disruptive cyber events
Read the full Business Continuity Management for Cyber Risk product sheet here to learn more.
Connect with a specialist, call us:
EMEA: +44 20 7623 5500
FP.AGRC.360.AP.
