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Reframing the Issue: New Ways to Think about Cyber Risk and Security

This Council Perspectives was authored in conjunction with The Conference Board Council of Corporate Security Executives.

No one would dispute that cyber crime, cyber theft, and cyber espionage are serious threats to global business. However, a media-fueled frenzy about a looming digital 9/11 or a cyber Pearl Harbor—apocalyptic and hopelessly complex threats for which both countries and companies, if not defenseless, are at least woefully underprepared—presents a one-sided picture. Cyber risk is one of many operational risks companies face. From a business viewpoint, mitigation of cyber risk is about fundamental risk management, corporate resilience, and managing human behavior. It is not just about addressing technology gone wild.

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