The Birth of Cyber Resilience Framework
On a bright Thursday, the World Economic Forum (WEF) decided to spice things up in the cybersecurity realm by releasing a white paper on their brand new Cyber Resilience Framework (CRF) and Cyber Resilience Index (CRI). Teaming up with the professional services juggernaut Accenture, this paper follows the WEF’s earlier gossip about cybersecurity — known as the Global Cybersecurity Outlook.
Shocking Stats: Cyber Resilience Not So Resilient
If you thought companies were all over cyber resilience, think again! It turns out only a mere 55% of cyber leaders have actually woven resilience into their enterprise risk-management strategies. The CRF isn’t just a nod to the problem; it’s an organized approach that takes cues from existing frameworks to lay down six mighty principles, each with its own set of superhero best practices. The real kicker? There are 64 performance measures that help inform the CRI — talk about a full toolbox!
A Year in the Making: Forge of Collaboration
Algirde Pipikaite, the brain behind the operation at WEF’s Centre for Cybersecurity, shared that the creation of the CRI wasn’t just a stroke of genius. Over 50 leaders from both public and private sectors came together, crossed wires, and spent a year in an intense workshop marathon, tweaking ideas and hunting for feedback. “We hosted eight workshops and pulled in written feedback from the community,” Pipikaite noted, emphasizing the collaborative spirit behind this initiative.
Interdependence: The Double-Edged Sword
The white paper doesn’t shy away from talking about the elephant in the room — the interdependence of risk during the Fourth Industrial Revolution. This isn’t just tech jargon; this revolution, as dubbed by WEF founder Klaus Schwab, suggests that risks and rewards go hand-in-hand. The report stated, “The Fourth Industrial Revolution means that systemic interdependence is both the risk and the reward of the opportunity.” With an estimated $100 trillion of additional value for the world economy on the horizon by 2025, this revolution might be the most thrilling ride of our lives!
Looking Ahead: Steps to Greater Resilience
What’s next for the industry after unveiling the CRF and CRI? The paper lays out clear-cut next steps like establishing common cyber resilience indicators, measuring relationships in ecosystems, and deciding who’s the heavyweight champion in ecosystem resilience. And it doesn’t stop there; the WEF is kicking things off with pilot programs — the Oil & Gas sector seems to be leading the charge! Stay tuned, folks; it’s just getting started.
Join the Resilience Revolution!
It’s thrilling to witness how organizations across the globe, from the WEF to the Atlantic Council and beyond, are tackling cyber resilience. The journey ahead is paved with challenges but also overflowing with potential. Who knew that staying safe online could be such a grand adventure?
