Diversity leads to resilience

Why building cyber resilience needs more than just technology

As the world moves towards a digital-first future, we need to confront a new matrix of emerging risks that could amount to a cyber-pandemic if left undealt with, according to the World Economic Forum (WEF).

Not only are hackers demanding higher ransom, the total cost of addressing such attacks is growing. In fact, a recent study by Sophos showed that the average cost of an attack, including business downtime, lost orders and operational costs has more than quadrupled in Singapore from US$832,423 in 2020 to US$3.46 million in 2021.

The threat of cybercrime in Asia has reached an all-time high as we face fifth-generation cyber attacks that have grown in complexity and magnitude. In a 2022 IBM study, Asia was found to be the most targeted geography of 2021, racking up 26 percent of all global attacks on organisations.

Critically, the WEF’s Global Cybersecurity Outlook 2022 report has identified a perception gap between business executives and security leaders on whether their organisations are secure. Some 92 per cent of business executives believe that their organisations are cyber resilient, while only 55 per cent agree that they have taken adequate measures to safeguard their organisations…READ ON

Diversity leads to resilience

Celebrating Africa Day just some days ago, I felt saddened by how many still fail to appreciate the richness of diversity and, instead, take to social media to insult and denigrate migrants.

High school students and activists from various human rights organisations picket in front of the South African Human Rights Commission on Africa Day to protest against the recent waves of xenophobia and vigilantism in the country. Photo: AFP

Being a migrant nation ourselves, we should be in a position to be a model of peaceful and harmonious coexistence. It is by believing in our diverse abilities that we, as a nation, can enjoy holistic well-being and sustainable prosperity.

Borders were only made by humans for various political reasons, which brings to mind a quote by Sultan bin Salman Al-Saud, the first Arab astronaut on his first voyage into space, who said: “The first day or so we all pointed to our countries. The third or fourth day we were pointing to our continents. By the fifth day, we were aware of only one Earth.”

And, as wars rage to mark territorial borders stained by the blood of fallen fighters and innocent victims, we should never forget that we are one Earth; one world where humanity can thrive in a sense of togetherness…READ ON

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