Event
According to KPMG, how are AI cyberattacks becoming more threatening?
-AI cyberattacks are getting more sophisticated/advanced
-Attacks are getting more frequent
Differentiate between a threat and an opportunity
Threats are external factors that negatively impact business performance and objectives.
In contrast, opportunities are external factors that can positively improve performance and growth.
List 2 examples of internal stakeholders and external stakeholders
Internal: Employees, managers, shareholders
External: Customer, supplier, financier, government, pressure groups, media, general public, etc.
What is a contingency plan?
A proactive strategy designed to help organizations respond effectively to unexpected disruptions
What percent of polled business leaders were concerned about AI cyberattacks?
95%
What is a STEEPLE analysis?
A strategic business management tool used to evaluate the external environmental factors impacting a business
What is the purpose of a stakeholder map?
To identify, analyze, and prioritize individuals or groups based on interest and power over a business to resolve stakeholder conflict.
List two impacts of contingency plans
-Minimizes costs
-Saves time
-Reduces risk
-Ensures individuals are safer
What were the 3 main types of AI cyberattacks impacting businesses?
Phishing emails, deepfakes, vishing
How can public weariness for cybersecurity be an opportunity for businesses?
Businesses can gain trust as a competitive advantage
What is a way to manage employees to improve cybersecurity issues?
-Increase & improve cybersecurity training
-Improve internal communication
Differentiate between crisis management and contingency planning
Crisis management is a more reactive process with dealing with unexpected situations immediately after happening
In contrast, contingency planning is a proactive approach that prepares for crises