Unplanned downtime poses a significant problem for organizations, and is estimated to price World 2000 corporations on common $200 million per yr. Past the monetary impression, it may possibly additionally erode buyer belief and loyalty, lower productiveness, and even lead to authorized or privateness points.
A 2024 ransomware assault on Change Healthcare, the medical-billing subsidiary of trade big UnitedHealth Group—the most important well being and medical information breach in US historical past—uncovered the info of round 190 million individuals and led to weeks of outages for medical teams. One other ransomware assault in 2024, this time on CDK World, a software program agency that works with almost 15,000 auto dealerships in North America, led to round $1 billion price of losses for automobile sellers because of the three-week disruption.
Managing threat and mitigating downtime is a rising problem for companies. As organizations develop into ever extra interconnected, the increasing floor of networks and the fast adoption of applied sciences like AI are exposing new vulnerabilities—and extra alternatives for menace actors. Cyberattacks are additionally changing into more and more refined and damaging as AI-driven malware and malware-as-a-service platforms turbocharge assaults.
To organize for these challenges head on, corporations should take a extra proactive strategy to safety and resilience. “We’ve had a standard means of doing issues that’s truly labored fairly properly for perhaps 15 to twenty years, nevertheless it’s been primarily based on detecting an incident after the occasion,” says Chris Millington, world cyber resilience technical knowledgeable at Hitachi Vantara. “Now, we’ve bought to be extra preventative and use intelligence to deal with making the methods and enterprise extra resilient.”
This content material was produced by Insights, the customized content material arm of MIT Expertise Assessment. It was not written by MIT Expertise Assessment’s editorial workers. It was researched, designed, and written totally by human writers, editors, analysts, and illustrators. This consists of the writing of surveys and assortment of information for surveys. AI instruments that will have been used have been restricted to secondary manufacturing processes that handed thorough human evaluation.
