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The BCI Cyber Resilience Report 2017

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David West – Head of Communities, The BCI, UK

Published in: Leadership & Management
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The BCI Cyber Resilience Report 2017

  1. 1. 11/01/17 The Business Continuity Institute 1 Continuity and Resilience (CORE) ISO 22301 BCM Consulting Firm Presentations by speakers at the 5th India Business & IT Resilience Summit June 1, 2017 at Meluha – The an Ecotel Hotel Mumbai, India Our Contact Details: UAE INDIA Continuity and Resilience P. O. Box 127557 Abu Dhabi, United Arab Emirates Mobile:+971 50 8460530 Tel: +971 2 8152831 Fax: +971 2 8152888 Email: info@coreconsulting.ae Continuity and Resilience Level 15,Eros Corporate Tower Nehru Place ,New Delhi-110019 Tel: +91 11 41055534/ +91 11 41613033 Fax: ++91 11 41055535 Email: info@coreconsulting.ae
  2. 2. 11/01/17 The Business Continuity Institute 22 The BCI Cyber Resilience Report 2017 David West CBCI
  3. 3. 11/01/17 The Business Continuity Institute 3 organizations About the BCI Cyber Resilience Report 2017 countries • 221 organizations from India – promoted in partnership with Nasscom • Functional roles include business continuity, risk management and IT disaster recovery • Top sectors represented include IT and communications (35%), finance and insurance (29%) and professional services (14%) • 85% come from large enterprises 745 69
  4. 4. 11/01/17 The Business Continuity Institute 4 • Almost three-quarters of Indian organizations (72%) report at least 1 cyber incident in the last 12 months • Top drivers of disruption include phishing and social engineering (57%), malware (35%) and spear phishing (23%) • Indian organizations outperform the global average in terms of deploying business continuity arrangements for cyber resilience issues (91% compared to 87%) and top management commitment to cyber resilience (75% compared to 60%) The headlines BCI Cyber Resilience Report 2017
  5. 5. 11/01/17 The Business Continuity Institute 5 Frequency of cyber disruptions 28 46 9 1 1 3 12 0 1-5 6-10 11-20 21-50 51+ Don’t know • Almost three-quarters of Indian organizations (72%) report at least 1 cyber incident in the last 12 months
  6. 6. 11/01/17 The Business Continuity Institute 6 Drivers of cyber disruptions 15 15 16 16 23 35 46 Insider threat Out of date software Denial of service Ransomware Spear phishing Malware Phishing and social engineering 0 5 10 15 20 25 30 35 40 45 50 • Top drivers of disruption include phishing and social engineering (57%), malware (35%) and spear phishing (23%)
  7. 7. 11/01/17 The Business Continuity Institute 7 Cumulative cost of cyber disruptions 80 13 1 2 1 1 0 2 0 Up to €50k €50-250k €250-500k €500k-1m €1-10m €10-50m €50-250m €250-500m More than €500m • 80% of Indian organizations report losses of up to €50,000 due to cyber disruptions in the last 12 months • 4% of Indian organizations lost at least €1 million during the same time period
  8. 8. 11/01/17 The Business Continuity Institute 8 Top management commitment to cyber resilience 75 22 1 0 2 High Medium Low None Don't know • Indian organizations outperform the global average in terms of high top management commitment to cyber resilience issues (75% compared to 60%)
  9. 9. 11/01/17 The Business Continuity Institute 9 Deploying business continuity arrangements for cyber disruptions 91 4 5 YES NO Don't know • Indian organizations also outperform the global average in terms of deploying business continuity arrangements for cyber disruptions (91% compared to 87%)
  10. 10. 11/01/17 The Business Continuity Institute 10 Response time to cyber disruptions 31 31 13 11 14 Less than 1 hour 1-2 hours 2-3 hours 3-4 hours More than 4 hours • Almost a third of Indian organizations (31%) respond to cyber disruptions within an hour of its discovery
  11. 11. 11/01/17 The Business Continuity Institute 11 Cyber resilience issues What are practitioners saying? Business continuity strategies must take all potential cyber security events into account, especially with the emergence of large scale cyber-attacks. Business continuity programmes are beginning to be looked at and invested into as possible strategic assets for cyber resilience. Business continuity plans get activated when cyber security is a threat, so it is no more a domain only for InfoSec people. The business continuity guys have to widen their scope and knowledge base to cope.
  12. 12. 11/01/17 The Business Continuity Institute 12 • Business continuity professionals should collaborate and engage with their cyber/information security colleagues. • Reputation management remains a key driver in pushing the cyber resilience agenda. • The cyber resilience of suppliers is expected to increasingly influence organizations’ cyber resilience in turn. • Legislative and regulatory changes are expected to drive cyber resilience and heavily influence efforts in the area. Key takeaways BCI Cyber Resilience Report 2017
  13. 13. 11/01/17 The Business Continuity Institute 13 Thank you

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