The use of data presents a tremendous potential to better monitor, analyse, anticipate, and reduce risk as firms achieve new levels of digitisation made possible by speedier connection.
The use of data presents a tremendous potential to better monitor, analyse, anticipate, and reduce risk as firms achieve new levels of digitisation made possible by speedier connection. The protection of data and the systems that process, transport, and store it is essential because the same assets create fresh vulnerabilities for cyber threat actors to attack.
According to PwC's most recent Annual Global CEO Survey, cybersecurity is currently ranked second only to the pandemic in terms of global priority. 

The CTO and IT Director should no longer be the only ones who are concerned about cybersecurity risk management; all supply chain and technical directors should be as well.

A method of risk assurance that is predictive

Data has the power to revolutionise resilience and risk management. The correct data, analysis, and reporting tools may assist identify places where future danger is more likely to occur and those where it is less likely to do so, allowing resources to be concentrated on those regions where the most is at risk. The risk that we expect to be bigger is not usually the danger that need the closest monitoring, therefore using these measures can assist prevent emotional bias in decision-making.

To read the entire article on cybersecurity and information assurance, visit LRQA Singapore.