Re-interpretation of Cyber Risk Governance

The fourth wave of the industrial revolution has shifted bank services to become more digital. This shift can become a double-edged sword when not followed by strengthening cyber security. According to the concept of Klaus Schwab, the disruption of the fourth industrial revolution does not only cover aspects of production. Disruption also occurs in aspects of management and governance, including cyber risk.

For some experts, “safe” in the context of cyber is a miracle. According to former FBI director Robert S. Mueller, there are only two types of companies globally. The first are companies that have been hacked, while the rest are companies that will be hacked. Former CEO of Cisco Systems, John T. Chambers, has another, more worrying opinion. Two types of companies in this world are those that have been hacked and those not aware that they have been hacked. Lanjutkan membaca