According to the World Economic Forum Global Risks Report 2020, cyberattacks rank first among global human-caused risks and RiskIQ predicts that by 2021 cybercrime will cost the world $11.4 million each minute.

Thoughtful reporting can improve cyber resilience – just as financial and ESG disclosure have fostered transparent, stakeholder-centric and resilient financial, operational, and governance practices.

Widespread, systemic cyberattacks are not just possible or plausible; they should be anticipated. As we have seen with COVID-19, even a short delay in the response can cause exponential damage.

Cybersecurity is not just an IT problem - it requires the application of multidisciplinary skillsets. Firms' cybersecurity teams should be as diverse as the cybersecurity challenges we face today.