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How to Prepare for the Cyberattack That Is Coming to Your Company
Article

How to Prepare for the Cyberattack That Is Coming to Your Company


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Editorial Rating

8

Qualities

  • Eye Opening
  • Concrete Examples
  • Hot Topic

Recommendation

Companies need to get serious about cybersecurity, and the best way to do that is to simulate an attack. Leaders from the World Economic Forum, the Boston Consulting Group, Massachusetts Institute of Technology, and other groups addressed the problem of cyberattacks against businesses. It’s not easy to communicate a clear solution for a complex problem, but the authors are convincing in the need for procedures, protocols and actionable practices in the event of a cybersecurity breach.

Take-Aways

  • Companies and their employees, board members and stakeholders need to prepare for when – not if – a cyberattack occurs.
  • The World Economic Forum, the Boston Consulting Group, Massachusetts Institute of Technology, and other groups have collaborated to create practical exercises to mitigate damage from cyberattacks.
  • Simulating cyberattacks gives companies the chance to practice and train for the real event.

About the Authors

Alex Pentland and Stuart Madnick are professors at MIT, Shoaib Yusuf is a project leader at the Boston Consulting Group (BCG), and Michael Coden is the head of cybersecurity practice at BCG Platinion.