emeersorg 103,THE CHALLENGE Despite the billons spent on cybersecurity, the damage done by breaches keeps groming-to a extent because ‘companies don't recognize or understand their ortical cybertsks. THE OLD APPROACH uty then cussions of isk ‘and senor leaders and | Over ==. | thepas ste oes Seer Use costs und consequences of eyberbreaches have potential attack ‘grown alarmingly. The total financial and economic Leaders and statt losses from the 2017 WannaCry attack, for instance, were throughout th estimated to reach $8 billion. In 2018 Marriott discovered can portipate inthis that abreach ofits Starwood subsidiary's reservation rooess, end overall system had potentially exposed the personal and credit-card information reneeny oR ‘of500 million guests. Hackers seem to keep getting more effective. But oe inour experiences consultants to clients across the globe, we've found another reason that companies areso susceptible to threats from hacking: ‘They don’t know or understand their critical cyberrisks, because they're too focused on their technological vulnerabilities. ‘and boards 104 Neremner-Decenoe 3:9