There is no doubt that the cyber risk is growing. In a few decades, it has expanded from a trivial concern to an international threat, multi-faceted, systemic, organised and able to cause significant damage.

At the same time, business leaders take strategic decisions every day. Whether they are financial, commercial or industrial, their consequences will always have a considerable impact on the organisation’s future. These aspects are well-understood and have a long history in which directors have considerable experience. Yet senior executives also have to take decisions that are equally strategic, and have equally serious consequences, in a shifting, constantly evolving field in which many have no significant experience – anticipating and analysing cyber risk.

For many decades, we have emphasised defence in order to avoid cybersecurity incidents. But the goalposts have moved in recent years, and we have begun to accept the inevitable – that some attacks cannot be avoided, and in these cases the most important thing is to concentrate on the response in order to limit the risks.

Apart from the need to define and analyse cyber risk, senior managers and their executive committees must now also be prepared to prove that they have taken the necessary steps to keep it under control.

But why is it important to manage cyber risk?

Today’s companies are accelerating their digital transformation, which obliges them to rethink their activities and how they are organised. They also find themselves confronted with the necessity of adapting to geopolitical and regulatory requirements at great speed. Risk is omnipresent in this process. Only a holistic approach to Risk Management enables this risk to be controlled, securing strategies and their evolution and protecting staff and assets.

EGERIE is the leading publisher of cyber risk management solutions in Europe. EGERIE offers a collaborative platform enabling a comprehensive, agile and structured approach to the governance, management and compliance of cyber risks and personal data protection.

Recognised by the highest governmental and regulatory authorities, EGERIE’s technology enables companies and governmental organisations to understand their exposure to risks, supports them as they take decisions and helps them determine the most suitable security measures for their needs.

Thanks to the EBIOS Risk Manager method incorporated into the EGERIE platform, companies can now analyse and decide on cyber risk at various levels and, in the longer term, adopt a continuous improvement approach.

The EGERIE platform, in the same way as the EBIOS Risk Manager method, supports the deployment of an adaptive approach to cyber risk analysis, with the level of detail depending on the goals and context of the study. It automatically provides the information required for decision-making and communication within the organisation and with partners. For example, a summary might be more appropriate for a feasibility study for a new project, while more detail would be needed in the context of advanced modelling for the certification of a sensitive system.
EGERIE, a member of Club EBIOS, is actively involved in the promotion and adoption of the EBIOS method among French authorities and industrial companies. Our solutions are already used by many Operators of Vital Interest (OIVs) and Operators of Essential Services (OSEs) looking for accurate, visual decision-making information to best guide their cybersecurity operations in line with their business challenges and regulatory requirements.

Thanks to its advanced technology, its analysis engine and its business and standards libraries, the EGERIE platform develops the mapping of cyber risks and rationalises the company’s cybersecurity strategy.

The risk is multi-faceted and will continue to evolve. There is no longer any room for the systems associated with analysing and managing this risk to be questioned or challenged. At EGERIE, anticipation and adaptability are part of our DNA, so we will always remain alert.