The last stop on our organizational resilience journey touches one of the issues organizations have the least control over: geopolitical and socio-economic trends and threats.
However, they can be some of the most impactful on your organization. Today, the ubiquitous use of interconnected information systems to carry commerce exists on a scale that never did before.
Previously, only certain industries, like the financial sector, had the absolute need and requirement to rely on interconnected information systems to carry out automated transactions and processes. Nowadays, organizations could come to a screeching halt if their staff does not have a stable internet connection to work from home.
Times have indeed changed.
Inheriting Global Risks
We have not only inherited the benefits of an information system-based economy, but also its vulnerabilities. These added pressures and capabilities increase the surface attack area and risk profile.
Today, threat actors can target specific industries that have multiple dependencies. Concurrently, transnational crime syndicates can cut out intermediaries and launch campaigns without ever having to leave their own homes, giving them in-house theft and extortion capabilities.
And, all of this is happening because an organization inherits a third party’s risks, threats and decision-making. Gone are the days where you could operate your local, regional or even national business with little care about what was going on halfway across the world.
You need to be ready for disaster recovery as exter ..
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