Enterprise Business Resilience: A Board-Level Priority for Reducing Downtime Costs
The article discusses why enterprise business resilience has become a critical board-level priority. It highlights that most leadership teams struggle to answer how quickly they could recover from a major system outage, with downtime costing large enterprises up to $9,000 per minute. The average organization hit by ransomware takes 24 days to recover. The article also touches on mapping technology controls to DORA (Digital Operational Resilience Act) mandates and using AI-driven discovery tools to cut resilience assessment time by 60%.
Key quotes
In case 3 most critical systems went offline at 9 AM tomorrow, how long would it take to be completely functional and how confident are you in that number?
Most leadership teams pause. Some gave a number. Very few can back it up.
That pause is expensive and downtime today is costly for large enterprises up to $9,000 every minute it continues.
An average organization facing a ransomware attack takes 24 days to recover.
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