Cybersecurity and Business Risk: The Hidden Cost of a Connected Economy

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As businesses become increasingly connected, cybersecurity is no longer simply an IT issue. It is a financial and operational risk that can affect businesses of every size.

A cyberattack can create costs far beyond repairing damaged systems. Business interruption, lost revenue, recovery expenses, reputational damage and disruption to customers and suppliers can all have lasting consequences.

And in a connected economy, the impact doesn't necessarily stop with the business directly affected.

A disruption to one company can ripple through supply chains, payment systems and commercial relationships, creating unexpected costs elsewhere.

For business owners and investors, the important question isn't simply how to prevent a cyberattack. It's how resilient the business would be if one occurred.

This week's Business & Wealth Strategy commentary explores why cybersecurity should be considered part of financial planning, risk management and business continuity.

Newton's Law of Connectivity — Nothing Happens in Isolation.

Read the full article at Karen Newton – Business & Wealth Strategy.  where we look at the ripple effect, business vunerabilities and opportunities.



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