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One post tagged with "Cyber threat management"

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· 5 min read
Xiaowen Zhang

Introduction

In today's digital landscape, businesses face an ever-evolving threat of cyber attacks. Cyber security has become a critical concern for organizations of all sizes, as the consequences of a successful breach can be devastating, leading to financial losses, reputational damage, and regulatory compliance issues. Effective business process modeling is crucial in ensuring a robust and efficient response to cyber security events.

According to a recent study by the Ponemon Institute, the global average cost of a data breach in 2022 was $4.35 million, a 2.6% increase from the previous year. With the increasing frequency and sophistication of cyber threats, it is essential for businesses to have a well-defined and well-documented process for responding to such events.